U.S. imposes North Korea-related sanctions on Russian, Chinese tech firms
The United States on Thursday imposed sanctions on a China-based tech firm, its North Korean CEO and a Russian subsidiary, accusing them of moving illicit funding to North Korea in violation of U.S. sanctions.
Trade hopes, Turkey rate hike feed the bulls
Signs of movement in the U.S.-China trade stand-off and a rate hike in emerging market trouble spot Turkey sent an index of global stocks higher on Thursday as risk appetite returned.
Peugeot’s DS brand adds mini-SUV to bolster rebounding sales
French carmaker PSA Group unveiled an SUV version of its DS3 upscale mini as it builds on a sales rebound underway at the eight-year-old premium DS brand.
Wall Street gains on tech rebound, trade relief
U.S. stocks rose on Thursday as Apple led a rebound in technology shares and trade worries eased after China said it was open to fresh talks with the United States.
Kroger misses same-store sales estimates as revamp deters customers
U.S. supermarket chain Kroger Co missed quarterly same-store sales estimates on Thursday, sending shares down 9.2 percent in premarket trading, as changes to the way it stocks merchandise on shelves kept some customers away from its stores.
New Apple watch could take bite out of Swiss market
The Swiss watch industry faces an increased threat from a new Apple Watch able to detect heart problems that is likely to appeal to older shoppers, industry experts said on Thursday.
Wall Street opens higher on tech rebound, easing trade worries
U.S. stocks opened higher on Thursday, as technology stocks bounced back and trade worries eased after China said it was open to new trade talks with the United States.
UPS expects automation, expansion plans to boost earnings by 2022
United Parcel Service Inc expects its automation and expansion plans to add between $1.00 and $1.20 to its adjusted earnings per share by 2022, the world’s biggest package delivery company said on Thursday.
GM to recall more than one million vehicles in the U.S.
General Motors Co is recalling more than 1 million pickup trucks and sport utility vehicles in the United States due to issues with a temporary loss of power steering, the National Highway Traffic Safety Administration said.
U.S. consumer prices rise modestly; jobless claims near 49-year low
U.S. consumer prices rose less than expected in August as increases in gasoline and rents were offset by declines in healthcare and apparel costs, and underlying inflation pressures also appeared to be slowing.
