Gold surges to 7-year high as investors seek safety trade
Gold is trading at a 7-year high as investors pile into safety trades amid ongoing fears over the impact of the coronavirus outbreak.
Gold is trading at a 7-year high as investors pile into safety trades amid ongoing fears over the impact of the coronavirus outbreak.
Morgan Stanley CEO James Gorman told CNBC the origins of the deal date back to 2002.
The company reported an adjusted profit of $2.12 per share. Analysts polled by Refinitiv expected earnings of $1.03 per share.
Morgan Stanley CEO James Gorman said he has been interested in E-Trade for 20 years, but Goldman decided against pursuing a deal for the brokerage.
U.S. stock indexes fell about 1% on Thursday, dragged down by technology heavyweights, as investors fretted over a rise in the cases of coronavirus and its economic impact.
Unicredit Spa Chief Executive Officer Jean-Pierre Mustier has emerged as one of the main external candidates for the top job at HSBC Holdings Plc , Bloomberg reported on Thursday, citing sources familiar with the matter.
The strong dollar got stronger on Thursday, rising to a three-year high against a basket of trading partner currencies, after a steep slide in the Japanese yen called into question its safe-haven status while the rally in U.S. equities took a pause.
Apple has become embroiled in a publishing row in Germany after it tried to halt sales of a book written by a former executive, saying it disclosed secrets about the App Store.
Fears that minimum wage increases for workers would crush small businesses and lead to job losses are overblown, according to the Q1 2020 CNBC|SurveyMonkey Small Business Survey.
French power utility Engie SA has approached Ameresco Inc , a U.S. provider of energy efficiency solutions and developer of renewable energy plants, to express interest in acquiring it, according to people familiar with the matter.
Morgan Stanley said on Thursday it would buy discount brokerage E*Trade Financial Corp in a stock deal worth about $13 billion, the biggest acquisition by a Wall Street bank since the 2008-2009 financial crisis.
Oil prices rose further on Thursday after a U.S. report showed a draw in gasoline inventories and a much smaller-than-anticipated rise in crude stocks.
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 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.
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.