Mnuchin says U.S.-EU trade deal to come out in stages
U.S. Treasury Secretary Steven Mnuchin said on Thursday U.S. and European officials’ first steps on trade will be to resolve issues over steel and aluminum tariffs, and he expects a trade agreement between the parties to come out in stages.
It started with a kiss: how Juncker wooed Trump
Some personal chemistry with a fellow veteran dealmaker and a quick sense that Donald Trump was ready to bargain helped Jean-Claude Juncker strike a surprise accord to avert a transatlantic trade war, for now.
Nokia’s IP routing business hit by component shortage: CEO
Nokia’s second-quarter sales of IP routers were held back by component supply shortages, the network equipment maker’s chief executive said on Thursday.
Mastercard raises FY expenses outlook, shares fall
Mastercard Inc beat second-quarter profit estimates on Thursday but the world’s second-largest payments processor raised its full-year guidance for expenses, sending its shares 3 percent lower before the opening bell.
NXP launches $5 billion buyback after Qualcomm deal fails
NXP Semiconductors followed Qualcomm Inc in announcing share buybacks worth billions of dollars on Thursday as the companies sought to compensate investors for the collapse of their $44 billion merger due to Chinese opposition.
McDonald’s global strength helps offset U.S. same-store sales miss
McDonald’s Corp topped global same-restaurant sales estimates for the second quarter on Thursday, with strength in international markets helping offset weakness in the United States.
World shares at four-month high on EU-U.S. trade breakthrough hopes
European equities powered higher on Thursday, pushing world stocks to new four-month highs after the European Union and the United States agreed to negotiate on trade, easing fears of a transatlantic trade war.
U.S. jobless claims rebound from more than 48-and-a-half-year low
The number of Americans filing for unemployment benefits rose from a more than 48-1/2-year low last week, but continued to point to a tightening labor market.
Spotify hits subscriber targets in race with Apple Music
Music streaming leader Spotify’s paid subscribers rose 10 percent in the second quarter, it said on Thursday, as it races to stay ahead of mounting competition from Apple Music , especially in the U.S. market.
Facebook slams Nasdaq futures, EU-U.S. trade deal offers relief
A $150 billion slump in Facebook shares set the tech-heavy Nasdaq on track to shed more than 100 points at the open on Thursday, while S&P and Dow futures got a boost from signs the United States and the European Union will negotiate on trade.
