June 20, 2019

Fed rate-cut sign boosts stocks, dollar drops

World stock markets jumped on Thursday, with the U.S. benchmark S&P 500 hitting a record high, while the 10-year U.S. Treasury note yield dipped below 2% […]
June 20, 2019

Rate-cut euphoria elevates S&P 500 to record high

The S&P 500 hit a record high on Thursday, lifted by Wall Street’s expectations that the Federal Reserve will cut interest rates as soon as next […]
June 20, 2019

Apple, Keurig Dr Pepper, Dollar Tree press U.S. to drop China tariff plan

Apple Inc, Keurig Dr Pepper Inc and Dollar Tree Inc have joined other companies in their opposition to a Trump administration plan for more U.S. tariffs […]
June 20, 2019

Retailers J.C.Penney, Macy’s oppose proposed tariffs on apparel, footwear

Department store operators J.C. Penney Co Inc and Macy’s Inc have opposed U.S. President Donald Trump’s proposal to include apparel and footwear among the Chinese goods […]
June 20, 2019

Exclusive: Chevron Phillips Chemical in bid to acquire Nova Chemicals – sources

​Chevron Phillips Chemical Company LP, a joint venture between Chevron Corp and Phillips 66, has offered to acquire Nova Chemicals Corp for more than $15 billion […]
June 20, 2019

Oil jumps 5% on Iran tension, potential U.S. fed rate cut

Oil soared more than 5% on Thursday after Iran shot down a U.S. military drone, raising fears of a military confrontation between Tehran and Washington. Powered […]
June 20, 2019

Exclusive: Deutsche Bank braced for continued Fed restrictions on U.S. business – sources

Deutsche Bank AG executives expect U.S. regulators to continue to impose restrictions on its Wall Street investment bank even if it passes an annual health check, […]
June 20, 2019

Sparkly unicorn ice cream: Kroger’s bid to win grocery wars

Kroger Co has room to improve on sales and is looking to its Deluxe Unicorn Swirl ice cream and other store-brand products to boost growth, Chief […]
June 20, 2019

Factbox: What is Slack?

Slack Technologies Inc, whose instant messaging app has taken workplaces by storm, went public via a direct listing on June 20, instead of the more popular […]
June 20, 2019

Slack stock surges at debut, values company at more than $25 billion

Shares of Slack Technologies Inc, the fast-growing workplace messaging and communication platform, soared nearly 60% in their public trading debut on Thursday, valuing the company at […]