U.S. labor market remains strong; manufacturing likely stabilizing
The number of Americans filing for unemployment benefits rose modestly last week, suggesting sustained labor market strength that could help to support the economy amid risks from the coronavirus and weak business investment.
Domino’s shares hit new high on first U.S. same-store sales beat in a year
Domino’s Pizza Inc’s shares soared 25% to a record high after the pizza chain comfortably beat quarterly U.S. same-store sales and profit estimates on Thursday, benefiting from its focus on faster delivery and new promotions.
P&G expects coronavirus outbreak to hit current-quarter revenue, profit
Procter & Gamble Co said on Thursday its current-quarter revenue and profit would take a hit from supply chain disruptions and weak demand due to the coronavirus outbreak in China, the consumer goods company’s second-biggest market.
Watchdog faults Swiss bank Julius Baer for money laundering lapses
Swiss bank Julius Baer has been reprimanded by the country’s financial watchdog for ignoring money laundering risks in handling millions of francs of payments linked to corruption in Venezuela and world soccer body FIFA.
Oil firms on supply threats and easing demand woes
Oil prices rose on Thursday supported by China’s efforts to boost its economy, a drop in new coronavirus cases at the epicentre of the outbreak and supply concerns in Venezuela and Libya.
Lebanon’s Aoun vows accountability over financial crisis-Twitter
Lebanese President Michel Aoun said on Thursday measures would be taken to hold to account all those who contributed to Lebanon’s financial crisis through illegal actions be they transfers abroad, manipulation of Eurobonds or other acts.
IMF begins visit as Lebanon grapples with financial crisis
A team from the International Monetary Fund (IMF) met Lebanese government officials on Thursday at the start of a visit to advise on how to tackle the country’s crippling financial and economic crisis.
Wall Street eases at open as virus fears build
U.S. stocks opened slightly lower on Thursday as a spike in the number of coronavirus cases outside China raised concerns about the global economic impact of the epidemic, while E*Trade Financial soared on a buyout offer from Morgan Stanley.
U.S. weekly jobless claims rise slightly; mid-Atlantic factory activity accelerates
The number of Americans filing for unemployment benefits rose modestly last week, suggesting sustained labor market strength that could help to support the economy amid risks from the coronavirus and weak business investment.
WeWork names COO in first major appointment under new CEO
Office-sharing startup WeWork on Thursday named Shyam Gidumal, a former Ernst & Young executive, as its new chief operating officer in the first major executive appointment under new head Sandeep Mathrani.
