Wed, Jun 19, 2019
11:24 pmDelta Air not expecting flight cancellations as result of tech issue
Delta Air Lines Inc said it was not expecting flight cancellations as a result of a technical glitch that had affected booking, check-in and boarding services.
10:56 pmFed sees case building for interest rate cuts this year
The U.S. Federal Reserve on Wednesday signaled interest rate cuts beginning as early as July, saying it is ready to battle growing global and domestic economic risks as it took stock of rising trade tensions and growing concerns about weak inflation.
10:56 pmTrump believes he has authority to demote Fed's Powell: Bloomberg
U.S. President Donald Trump believes that he has the authority to replace Federal Reserve Chair Jerome Powell and demote him to be a board governor, but is not planning to do so presently, Bloomberg reported on Wednesday, citing people familiar with the matter.
10:50 pmExclusive: T-Mobile prepares for Boost auction if Dish Network talks stall - sources
T-Mobile US Inc is preparing an alternative plan if a deal to sell wireless assets to Dish Network Corp falls through, according to two sources familiar with the matter.
10:48 pmFacebook called before Senate panel over digital currency project
Facebook Inc's plans to create a global cryptocurrency will face scrutiny from the U.S. Senate Banking Committee on July 16, the latest sign that policymakers around the globe are casting a wary eye on the project.
10:22 pmGlobal stocks rally, bond yields plunge after Fed hints at rate cuts
A gauge of global stock markets edged near this year's peak while benchmark U.S. Treasury yields and the dollar dropped after the Federal Reserve signaled possible interest rate cuts later this year.
10:07 pmChina to stand firm as trade talks with U.S. restart: state media
Upcoming trade talks between the leaders of China and the United States are unlikely to immediately resolve major disagreements between the two sides but could start a new phase in negotiations, Chinese state media said on Thursday.
10:01 pmSenior U.S.-China trade negotiators to confer before Trump-Xi G20 meeting
Aiming to jumpstart dormant talks, the top U.S. trade negotiator said on Wednesday he will confer with his Chinese counterpart before next week's meeting between President Donald Trump and Chinese President Xi Jinping in Japan as the two countries take another shot at resolving their damaging trade dispute.
9:56 pmOil prices rise as U.S. stockpiles drop, OPEC agrees meeting date
Oil prices rose over 1 percent on Thursday as official data showed U.S. crude stocks fell more than expected and as OPEC and other producers finally agreed a date for a meeting to discuss output cuts.
8:10 pmAirbus seals deals with big buyers, following Boeing's MAX sale
Airbus sealed deals with big buyers for its latest passenger jet at the Paris Airshow on Wednesday, battling back a day after a surprise order by British Airways' owner for rival Boeing's grounded 737 MAX jet.
7:27 pmOracle rises on strong quarterly forecast driven by licenses, cloud services
Oracle Corp on Wednesday forecast current-quarter profit above estimates, as the business software maker benefited from demand for its on-premise IT, cloud services and license support businesses, sending its shares up as much as 7% in extended trading.
7:20 pmDell, HP, Microsoft, Intel oppose proposed tariffs on laptops, tablets
Dell Technologies Inc, HP Inc, Microsoft Corp and Intel Corp on Wednesday opposed U.S. President Donald Trump's proposal to include laptop computers and tablets among the Chinese goods targeted for tariffs.
7:05 pmWhat changed for the Fed in seven weeks? Trade risks top the list
On May 1, the Federal Reserve viewed the American economy as having a solid footing and risks to the outlook were muted.
6:41 pmFactbox: What is Slack?
Slack Technologies Inc, whose instant messaging app has taken workplaces by storm, is scheduled to go public via a direct listing on June 20, instead of the more popular initial public offering route.
6:41 pmSlack reference price for direct listing set at $26/share
The New York Stock Exchange on Wednesday set the reference price for Slack Technologies Inc's direct listing at $26 per share.
6:34 pmU.S. bond market's inflation gauges rise as Fed hints at rate cuts
The U.S. bond market's gauges of investors' inflation views climbed on Wednesday as the Federal Reserve signaled it may lower interest rates later this year to counter slowing global growth and sluggish domestic inflation.
6:31 pmPapa John's to invest $80 million in marketing, U.S. franchisees
Papa John's International Inc, which has been struggling to boost sales, said on Wednesday it would spend $80 million to boost its brand image and support its franchisees in the United States from the third quarter of fiscal year 2019.
6:28 pmDoubleLine's Gundlach says Fed's 'pivot' is following bond market's lead
Jeffrey Gundlach, chief executive of DoubleLine Capital and the most widely followed bond investor, said the Federal Reserve's dovish turn in its policy statement on Wednesday took its lead from the bond market.
6:16 pmStocks approach record as Fed soothes Wall Street's fears
The S&P 500 approached a record high on Wednesday after the Federal Reserve signaled potential interest cuts later this year, reassuring investors worried that the U.S.-China trade war could stall economic growth.
5:54 pmApple explores moving 15-30% of production capacity from China: Nikkei
Apple Inc has asked its major suppliers to assess the cost implications of moving 15%-30% of their production capacity from China to Southeast Asia as it prepares for a restructuring of its supply chain, according to a Nikkei Asian Review report on Wednesday.
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