U.S. stocks rose broadly on Thursday as strong results from retailers bolstered confidence in consumer demand, while investors look ahead to Federal Reserve Chief Jerome Powell's speech for more clues on future interest rate moves.
Philadelphia Fed President Patrick Harker said he doesn't see the case for additional stimulus after the Federal Reserve's July rate cut.
Volkswagen said on Thursday it was not interested in taking a stake in Tesla , denying a media report that CEO Herbert Diess wanted to buy shares in the U.S. company to access its software and batteries technology.
U.S. stocks turned lower on Thursday as the first contraction in the manufacturing sector in nearly a decade and uncertainty about future interest rate cuts overshadowed an initial boost from upbeat retail earnings.
U.S. Secretary of State Mike Pompeo on Thursday assured Canadian Prime Minister Justin Trudeau that American officials were working to free two Canadian men who have been held by China since late last year.
Oil prices weakened on Thursday as worries about the global economy weighed and equity markets were under pressure as uncertainty over the outlook for U.S. interest rate cuts left investors on edge.
Two Federal Reserve officials on Thursday said they see no need for an interest rate cut widely expected next month by markets, highlighting policymakers' divisions over how to respond to signs of a global economic slowdown.
Wells Fargo & Co will pay the Navajo Nation $6.5 million to settle a lawsuit over "predatory and unlawful practices" by the bank, the Native American tribe said on Thursday.
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An index of global stock markets slipped on Thursday as investors worried about uncertainty over the outlook for U.S. interest rate cuts even as weak U.S. manufacturing data raised concerns about the health of the world's largest economy.
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President Donald Trump said U.S. economic growth could be record-setting if the Federal Reserve would only lower interest rates further, as reports on Thursday painted a decidedly mixed picture of the nation's economy.
Boeing Co has told suppliers it will resume production of its best-selling 737 jets at a rate of 52 aircraft per month in February 2020, then stepping up to a record 57 jets monthly in June, three people familiar with the matter told Reuters.
China's embassy in Canada said on Thursday that bilateral ties were suffering "gross difficulties," and demanded Ottawa free Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou.
Federal Reserve Chair Jerome Powell comes to this year's meeting of central bankers in Jackson Hole, Wyoming, caught between discord within the U.S. central bank over appropriate monetary policy and mounting outside pressure for more interest rate cuts.