Communication services stocks elevate Wall Street
Wall Street climbed on Thursday, helped by gains in Apple, Alphabet and Facebook, as well as the U.S. Federal Reserve’s confidence in the strength of the economy after it raised rates for the third time this year.
Fed’s Powell says short-term U.S. recession risks are not high
The U.S. economy does not face a large chance of a recession in the next two years and the Federal Reserve plans to keep gradually raising interest rates, Fed Chairman Jerome Powell said on Thursday.
U.S. economy not facing high chance of recession in next two years: Fed’s Powell
The U.S. economy is not facing a large chance of a recession in the next two years, Federal Reserve Chairman Jerome Powell said on Thursday.
Top German automakers halt sales of some plug-in hybrid cars: report
Volkswagen AG , BMW AG and Daimler AG-owned Mercedes-Benz have halted sales of some of their plug-in hybrid cars in Europe in the wake of new emissions regulations, Automotive News reported on Thursday.
Rolls-Royce still grappling with Trent 1000 engine issues
British engine maker Rolls-Royce said on Thursday it was managing a number of durability issues within its Trent 1000 fleet and was replacing affected parts.
Wall St advances as tech, comm services lead
Wall Street rose on Thursday, helped by gains in Apple, Alphabet and Facebook, as well as the U.S. Federal Reserve’s confidence in the strength of the economy after it raised rates for the third time this year.
Google CEO meeting with lawmakers amid Republican criticism
Google’s chief executive officer, Sundar Pichai, is on Capitol Hill this week to face questions from Republican lawmakers who accuse the company of being biased against conservatives and have raised a litany of other concerns.
Exclusive: Boeing wins $9.2 billion contract for new Air force training jet – U.S. official
Boeing Co’s jet was selected to build the U.S. Air Force’s next training jet in a contract worth up to $9.2 billion over the life of the program, a U.S. official said on Thursday.
Communication services stocks push Wall Street higher
Wall Street rose on Thursday, helped by high-flying shares of Alphabet and Netflix, as well as the U.S. Federal Reserve’s confidence in the strength of the economy after it raised rates for the third time this year.
Business groups ask U.S. court to not undo AT&T merger with Time Warner
The U.S. Chamber of Commerce and other powerful business groups asked an appeals court on Thursday to not undo AT&T Inc’s purchase of movie and TV show maker Time Warner, despite the protests of the Justice Department.
