Wall Street dips again, inflation data calms nerves
U.S. stocks steadied slightly after their worst day in eight months on Thursday as a smaller-than-expected rise in consumer prices suggested inflationary pressures were easing, weakening the case for an aggressive campaign of further interest rate rise…
Goldman Sachs to open new office in Britain for ‘Marcus’ retail business
Goldman Sachs will open a new office in the British city of Milton Keynes to serve as a customer care center for its new retail banking platform Marcus, a spokesman for the bank said on Thursday.
Cheap and unloved: Europe Inc can’t afford third-quarter miss as Wall Street gap widens
The third-quarter reporting season kicks off this week with European companies on track for a second year of solid profit growth, but investors are shunning them even though valuations have not been this cheap since the euro zone crisis.
Wall Street opens slightly lower after CPI data
Wall Street opened lower on Thursday, but not as much as stock futures had indicated, after data showed consumer prices rose less than expected in September, indicating inflation pressures were easing.
French court refuses UBS request to drop money laundering charge
A French court on Thursday threw out a request by Swiss bank UBS for the constitutional court to drop money laundering charges and limit proceedings to complicity in tax fraud, which carries lighter penalties.
U.S. inflation slows in September, weekly jobless claims rise
U.S. consumer prices rose less than expected in September, held back by a slower increase in the cost of rent and falling energy prices, as underlying inflation pressures appeared to cool slightly.
Trump says he could do ‘a lot more’ on China trade: Fox
U.S. President Donald Trump warned on Thursday there was much more he could do that would hurt China’s economy further, showing no signs of backing off an escalating trade war with Beijing.
OPEC says oil market well supplied, wary of 2019 surplus
OPEC sees the oil market as well supplied and is wary of creating a glut next year, the group’s secretary-general said on Thursday, suggesting producers are in no rush to expand a June agreement that raises output.
European stocks slump to 21-month low, Wall Street braces
European stocks slumped to a 21-month low on Thursday after Wall Street’s worst losses in eight months triggered a surge of global selling that also hit Asia and emerging markets.
FT says James Murdoch in line for Tesla chair. Musk reply: incorrect
Elon Musk replied with a Tweet saying: “This is incorrect” after the Financial Times reported that outgoing Twenty-First Century Fox Inc Chief Executive James Murdoch was the lead candidate to replace him as Tesla Inc chairman.
