October 4, 2018

Costco quarterly sales narrowly beat estimates

Warehouse club operator Costco Wholesale Corp’s quarterly sales narrowly beat estimates on Thursday, with online sales losing steam in the face of intense competition from Amazon […]
October 4, 2018

Wall Street stumbles as bond yield climb continues

Wall Street stocks stumbled on Thursday as U.S. Treasury yields continued their ascent to multi-year highs on the latest round of strong economic data, building concerns […]
October 4, 2018

Judge orders Tesla’s Musk, SEC to justify fraud settlement

A federal judge on Thursday gave Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission one week to justify their settlement to […]
October 4, 2018

Oil falls from four-year highs; Wall Street weighs

Oil prices fell on Thursday as the prospect of increased crude production from Saudi Arabia and Russia prompted profit-taking the day after futures hit four-year highs […]
October 4, 2018

Bond yields surge in U.S. Treasuries sell-off, stocks sink globally

A two-day unloading of U.S. Treasuries pushed their yields to multi-year peaks on Thursday as robust economic data and hawkish speeches by Federal Reserve officials stoked […]
October 4, 2018

Gucci boss reassures staff over looming era of slower growth

The head of Gucci has reassured shop staff over a looming slowdown in the pace of sales growth after a revenue explosion at the Kering -owned […]
October 4, 2018

Oil falls from four-year highs; Saudi, Russia agree to up supply

Oil prices fell on Thursday as the prospect of increased crude production from Saudi Arabia and Russia prompted profit-taking the day after futures hit four-year highs […]
October 4, 2018

Wall Street hammered by surging bond yields

Wall Street tumbled on Thursday, mirroring a slump in global financial markets, as U.S. Treasury yields surged to multi-year highs on robust economic data and upbeat […]
October 4, 2018

Toyota, SoftBank in first-ever alliance, target self-driving car services

Toyota Motor Corp and SoftBank Group Corp are teaming up to develop self-driving car services, signaling deepening alliances between top automaker and tech firms as the […]
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