Two Federal Reserve officials on Thursday said they see no need for an interest rate cut next month, while another said he was "open-minded," highlighting policymakers' divisions over how to respond to signs of a global economic slowdown.
U.S. President Donald Trump, faced with mounting anger in the farm belt over policies that allow oil refineries to use less corn-based ethanol, summoned Cabinet members on Thursday to discuss ways to boost biofuel demand, four sources familiar with the matter said.
An index of stock markets worldwide crept lower on Thursday on uncertainty over the outlook for U.S. interest rate cuts and weak U.S. manufacturing data that raised concerns about the health of the world's largest economy.
The U.S. Federal Reserve is under pressure from President Donald Trump to cut interest rates. Investors expect the Fed to cut, perhaps by a lot.
The benchmark S&P 500 ended little changed on Thursday as a fall in U.S. jobless claims offset data showing a contraction in U.S. manufacturing activity while investors awaited Federal Reserve Chair Jerome Powell's speech on Friday for clues on the central bank's monetary policy.
Activity is contracting in the U.S. manufacturing sector but the number of Americans filing applications for unemployment benefits fell last week, signs that factories are suffering from a global slowdown even as the broader labor market remains healthy.
Salesforce.com Inc forecast third-quarter revenue above Wall Street estimates on Thursday, encouraged by more companies opting for its cloud-based services, sending its shares up 7% in extended trading.
The benchmark S&P 500 ended little changed on Thursday as a fall in U.S. jobless claims offset data showing a contraction in U.S. manufacturing activity while investors awaited Federal Reserve Chair Jerome Powell's speech on Friday for clues on the central bank's monetary policy.
U.S. toy maker Hasbro Inc will buy Entertainment One Ltd for about $4 billion (3.27 billion pounds) in cash, adding the independent studio with preschool brands such as Peppa Pig and PJ Masks, the companies said on Thursday.
HP Inc said on Thursday that Chief Executive Officer Dion Weisler was stepping down after nearly four years, citing personal reasons.
The U.S. Federal Aviation Administration plans to test next month how pilots with around one year of experience flying Boeing 737 jets handle new software on the MAX model, four sources with knowledge of the matter said.
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.
The benchmark S&P 500 struggled for direction on Thursday as strong results from Nordstrom Inc and a fall in U.S. jobless claims offset data showing a contraction in U.S. manufacturing activity.
News Corp is developing a news-aggregation service to compete with Alphabet Inc's Google News and could be launched later this year, the Wall Street Journal reported citing people familiar with the matter.
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.