U.S. jobless claims rise unexpectedly in latest week
The number of Americans filing for unemployment benefits unexpectedly rose last week but remained near a 49-year low, and the increase appeared unlikely to dislodge the view that the U.S. labor market remains strong.
Delta profit beats as cost controls help offset higher fuel expenses
Delta Air Lines reported a third-quarter profit that beat analysts’ estimates on Thursday as strong demand for air travel and tight control over costs helped the airline battle rising fuel expenses.
Oil extends losses as markets fall, inventories climb
Oil prices slumped to two-week lows on Thursday as global stock markets fell, with investor sentiment made more bearish by an industry report showing U.S. crude inventories rising more than expected.
Walmart to invest $250 million in joint venture with content firm Eko: source
Walmart Inc has signed a joint venture with Eko, a developer of interactive video content, to attract shoppers and boost customer engagement, and will invest $250 million in the venture as well as a funding round, a source with direct knowledge of the…
Safran CEO holds off on Airbus jet output talk to Q1 2019
Jet engine maker CFM International would be ready to enter negotiations with Airbus in the first quarter of 2019 on possible future increases in narrow-body jet production, said the head of French aerospace supplier Safran .
Bayer lifted by likely new trial in $250 million weedkiller case
The prospect of a fresh trial that could overturn $250 million damages against Bayer’s Monsanto unit lifted the German company’s shares, after an August ruling that it failed to warn users of the alleged cancer risks of its weedkillers.
BMW to buy control of China venture in ‘new era’ for foreign carmakers
Germany’s BMW will pay 3.6 billion euros ($4.2 billion) to take control of its main joint venture in China, the first such move by a global carmaker as Beijing starts to relax ownership rules for the world’s biggest auto market.
At IMF-World Bank meetings, Powell praised as Trump calls Fed ‘crazy’
The Bank of England governor and the head of the International Monetary Fund praised the abilities of Federal Reserve Chairman Jerome Powell on Thursday, after U.S. President Donald Trump said the Fed had “gone crazy” by raising interest rates.
IMF chief defends Powell after Trump slams ‘crazy’ Fed
The head of the International Monetary Fund on Thursday defended Federal Reserve Chairman Jerome Powell one day after U.S. President Donald Trump criticized the American central bank, which has been raising U.S. interest rates, as “crazy.”
Mounting costs add to worries about 2019 U.S. profit growth
Rising costs for companies are worrying investors already concerned about a step down in U.S. corporate profit growth next year as Wall Street’s focus turns away from 2018’s tax-fueled earnings boost.
