U.S. stock index futures added to losses slightly on Friday after data showed a stronger-than-expected job growth in June, but moderate wage gains could still encourage the Federal Reserve to cut interest rates this month.
BMW's Oliver Zipse, currently board member for production, is the frontrunner to become chief executive (CEO) of the German carmaker, sources told Reuters, after Harald Krueger said he would not be available for another term as CEO.
As the probability of a rate cut increases, banks will start to lower deposit rates offered to consumers. Goldman Sachs and Ally Financial have already done so.
Deutsche Bank's investment banking chief Garth Ritchie is stepping down, the bank said on Friday.
U.S. job growth rebounded strongly in June, but moderate wage gains and mounting evidence that the economy was slowing sharply could still encourage the Federal Reserve to cut interest rates this month.
Deutsche Bank plans to create a separate "corporate bank" to streamline services now spread across Germany's biggest bank as part of wider multi-billion dollar restructuring, two people familiar with the matter said on Friday.
World stocks lingered near their 17-month highs on Friday and bonds paused after this week's rally ahead of U.S. jobs data, a gauge that could stoke or temper market expectations about aggressive policy easing by the Federal Reserve.
The head of Deutsche Bank's investment bank agreed to step down on Friday in a sign of the division's waning influence as Germany's largest lender readies a multi-billion dollar restructuring aimed at reversing a decline in its fortunes.
Netflix is going to lose one of the most popular shows on its platform and some analysts are pointing out the risks the company now faces.
U.S. job growth rebounded strongly in June as government hiring surged, but persistent moderate wage gains and mounting evidence that the economy was losing momentum could still encourage the Federal Reserve to cut interest rates this month.
U.S. job growth rebounded strongly in June, but moderate wage gains and mounting evidence that the economy was slowing sharply could still encourage the Federal Reserve to cut interest rates this month.
U.S. stocks slipped at the open on Friday as a strong rebound in U.S. job growth in June dashed hopes of an aggressive interest rate cut by the Federal Reserve later this month.
Regardless of what the next phase of your life looks like, there are some financial aspects you should consider now to help the transition go smoothly.
A blowout jobs report has traders believing the Federal Reserve will cut rates less aggressively now.
The U.S. has to lift all the tariffs placed on Chinese goods if there is to be a trade deal, China's Ministry of Commerce said on Thursday.