Futures climb on China plan to cut tariffs on U.S. products
U.S. stock index futures rose on Thursday as China's plan to halve additional tariffs on some American goods helped allay fears over the financial fallout of the coronavirus epidemic.
U.S. stock index futures rose on Thursday as China's plan to halve additional tariffs on some American goods helped allay fears over the financial fallout of the coronavirus epidemic.
Twitter Inc pulled in $1 billion in quarterly revenue for the first time, beating expectations as efforts to make its platform more user-friendly brought in more people.
Fiat Chrysler posted a 7% rise in fourth-quarter profit on Thursday, boosted by strong business in North America and better results in Latin America as it heads into a merger with France's PSA .
British trade minister Liz Truss on Thursday set out the country's priorities for a post-Brexit trade deal with the United States.
Prominent Swiss investment adviser Ethos Foundation has called on Credit Suisse Chairman Urs Rohner to step down in a boardroom battle with Chief Executive Tidjane Thiam sparked by a scandal over the Swiss bank's spying on executives.
Twitter Inc hit $1 billion in quarterly revenue for the first time, topping expectations and also beating user growth estimates in a rebound from previous troubles with ad platform bugs and unusually low seasonal demand.
Deutsche Bank said on Thursday that Capital Group now holds a 3.1% stake in the German bank, making the Los Angeles-based firm one of its largest shareholders.
Australian regulators will consider intervening to stop banks from automatically directing "tap-and-go" card payments through the world's largest payment processors Visa and Mastercard Inc. , the central bank said on Wednesday.
Oil prices jumped 4% on Wednesday on media reports that scientists had developed a drug against the fast-spreading coronavirus, an outbreak that continues to weigh heavily on global economic activity and oil demand.
U.S. stock index futures surged on Wednesday on reports of medical breakthroughs in the fight against the fast-spreading coronavirus and expectations of more stimulus from China to limit the economic fallout of the epidemic.
Barclays said Tesla's recent rally resembles the rise and fall of chipmaker Qualcomm in 1999.
Shares of Ford Motor Co fell nearly 8% on Wednesday, a day after the automaker forecast a lower profit for 2020, surprising analysts who also criticized the company's management for holding back details on the earnings shortfall.
German sportswear company Adidas on Wednesday said it was temporarily shutting a "considerable" number of its stores in China due to the coronavirus outbreak which has killed nearly 500 people and infected thousands.
A superior labor court in Sao Paulo state ruled on Wednesday that there is no employment relationship between Uber and its drivers, siding with the ride hailing company against a driver in the Guarulhos district.
German Efromovich, the majority shareholder in Latin American airline Avianca , said on Wednesday he does not have any knowledge of widespread bribes allegedly paid by European manufacturer Airbus .