U.S. jobless claims up slightly; factory orders rise
The number of Americans filing for unemployment benefits rose less than expected last week, pointing to sustained strength in the labor market despite trade tensions.
U.S. factory orders rise for second straight month
New orders for U.S.-made goods rose for a second straight month in June, but business spending plans on equipment were not as strong as initially thought, suggesting a further slowdown was likely in the third quarter.
Tesla shares jump after cash burn worries abate, Musk apologizes to Street
Shares of Tesla Inc jumped 10 percent in premarket trade on Thursday, after the company convinced investors that it was able to produce positive cash flow and turn a profit, and Chief Executive Officer Elon Musk apologized for past incendiary remarks….
U.S. jobless claims rise modestly, labor market firming
The number of Americans filing for unemployment benefits rose less than expected last week, pointing to sustained strength in the labor market despite trade tensions.
BMW builds X5 in Thailand to counteract U.S. China tariffs: CEO
BMW’s said it is producing between 10,000 and 20,000 X5 sports utility vehicles in Thailand as a way to supply Chinese customers now that imported vehicles from the United States face a 40 percent tariff.
Cisco to buy cyber-security company Duo for $2.35 billion
Cisco Systems Inc said on Thursday it would buy Duo Security, a venture capital-backed cyber security company, for $2.35 billion in cash, as part of its push to expand into a faster growing area of software than its core business.
Wall Street to open lower on renewed tariff fears
Wall Street was set to open lower after tech and industrial stocks fell, as fears of a trade spat between the United States and China failed to let up after President Donald Trump proposed 25 percent tariffs on $200 billion worth of Chinese imports.
Possible new U.S. tariffs on Chinese goods not ‘cataclysmic’: Commerce Secretary
New tariffs that the United States is threatening to impose on nearly half the goods imported from China would have a small impact on the Asian nation’s economy and not lead to disaster, Commerce Secretary Wilbur Ross said on Thursday, as U.S. financia…
Kellogg’s new bets on healthier foods drive profit beat, forecast
Cereal maker Kellogg Co topped Wall Street estimates for quarterly sales and profit and raised its full-year outlook on Thursday, betting on its recent acquisition of protein bar RXBAR and Nigeria’s Multipro.
No new Air France-KLM leadership before end-August: sources
Franco-Dutch airline Air France-KLM is unlikely to name a new leadership team before the end of August or early September, sources close to the matter told Reuters.
