Foot Locker shares soar after Air Max boost
Foot Locker shares jumped 20 percent on Wednesday after third-quarter results showed shoe sales turning back to growth thanks to a boost from Nike’s latest lines, heading off fears it was losing out to Amazon and other online stores.
Wall Street set to open higher as tech shares recover
Wall Street was set to claw back some of the losses from a brutal two-day selloff on Wednesday as Apple Inc and other major technology stocks regained a foothold and oil prices steadied.
U.S. core capital goods orders flat; jobless claims rise
New orders for key U.S.-made capital goods were unexpectedly unchanged in October and shipments rebounded modestly, which could temper expectations of an acceleration in business spending on equipment early in the fourth quarter.
Lloyd’s of London COO Shirine Khoury-Haq to leave
Lloyd’s of London said https://www.lloyds.com/news-and-risk-insight/press-releases/2018/11/shirine-khoury-haq-to-leave-lloyds on Wednesday its Chief Operating Officer Shirine Khoury-Haq is stepping down, the third big change this year at the insurance…
Apple supplier Foxconn seeks to cut costs in 2019: Bloomberg
Apple Inc’s biggest iPhone assembler Foxconn aims to cut 20 billion yuan ($2.88 billion) from expenses in 2019 as the company faces “a very difficult and competitive year”, Bloomberg reported on Wednesday, citing an internal memo.
BMW to offer ride hailing services in China from December
Germany’s BMW plans to launch ride-hailing services in China in December, the first global automaker to obtain such a license in the fast-growing market.
U.S. home refinancing requests hit near 18-year low: MBA
U.S. borrowers filed the fewest applications for home refinancing in about 18 years last week even as mortgage rates drifted lower in step with U.S. bond yields, the Mortgage Bankers Association said on Wednesday.
Futures bounce after two-day selloff
U.S. stock futures rose on Wednesday, after a brutal two-day selloff pushed the S&P 500 and the Dow Jones Industrial Average in the red for the year.
Nissan seeks more sway in Renault alliance as governments urge stability
France stood by embattled Renault boss Carlos Ghosn on Wednesday, saying it wanted evidence from industry partner Nissan to support misconduct allegations against him, and added that both Paris and Tokyo wanted a stable carmaking alliance.
WTO to set up panels to rule on U.S. tariff disputes
The United States and opponents of President Donald Trump’s steel and aluminium tariffs both confirmed their wish to litigate on Wednesday, triggering the procedure for World Trade Organization dispute hearings, a Geneva trade official said.
