Several companies, including Microsoft, Berkshire Hathaway, Alphabet and Apple are sitting on more than $100 billion dollars of cash, which is leading some on Wall Street to question why America's largest companies aren't spending.
Oil prices rose and stocks rallied worldwide on Thursday after China said it had agreed with the United States to cancel tariffs in phases, a key consideration in reaching a deal to end a trade war that has crimped economic growth and roiled markets.
An agreement between the United States and China to roll back existing tariffs as part of a 'phase one' trade deal faces fierce internal opposition at the White House and from outside advisers, multiple sources familiar with the talks said.
Housing finance giant Freddie Mac has hired management consultancy McKinsey & Company to advise on capital management, a spokesman said Thursday, as Freddie and its regulator start the long process of overhauling the firm and ultimately removing it from government control.
U.S. stocks were higher late on Thursday as the latest signs of progress in U.S.-China trade relations relieved investors, though indexes pared gains after another report raised fresh worries about the outlook for a deal.
Gap Inc said on Thursday Chief Executive Officer Art Peck will step down after a brief transition.
The Dow and S&P 500 notched record closing highs on Thursday as the latest signs of progress in U.S.-China trade relations relieved investors, but a report raising fresh worries about the outlook for a deal limited the day's gains.
Walt Disney Co's theme parks unit and a remake of "The Lion King" boosted quarterly earnings past Wall Street targets on Thursday as costs rose ahead of the launch of the company's big streaming entertainment bet.
Oil prices rose and stocks rallied worldwide on Thursday after China said it had agreed with the United States to cancel tariffs in phases, a key consideration in reaching a deal to end a trade war that has crimped economic growth and roiled markets.
GoPro Inc beat analysts' estimates for third-quarter revenue on Thursday, boosted by demand for its new Hero camera, sending its shares up 11% in after-market trading.
Dropbox Inc beat analysts' estimates for third-quarter revenue and profit on Thursday, as the online file hosting company signed up more individual and business customers to its platform.
Roku posted third-quarter results that missed Wall Street's expectation after multiple quarters of blowout growth.
The U.S. government is likely soon to spell out how it will enforce oversight of foreign investment in the United States, a U.S. official said on Thursday, after a law last year expanded the agency's authority to crack down on harmful Chinese investment.
The U.S. Justice Department has issued civil subpoenas in its antitrust investigation into four major automakers’ voluntary agreement with California to adopt compromise vehicle emissions requirements, a source briefed on the matter said on Thursday.
The U.S. Commerce Department said on Thursday it made a preliminary determination that Chinese exporters had dumped ceramic tile in the U.S. market at less than fair value.