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Updated: 2 hours 20 min ago

Kraft, Mondelez to pay $16 million in wheat price manipulation case

Thu, 08/15/2019 - 17:10
The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday Kraft Heinz Co and Mondelez International Inc will pay $16 million in penalty regarding a wheat manipulation case that dates back to 2015.
Categories: Financial Media

Southwest Airlines expands daily service to Hawaii

Thu, 08/15/2019 - 17:07
U.S. budget-friendly carrier Southwest Airlines Co will add another daily flight to Hawaii from January 2020, the company said on Thursday, as it counts on leisure travel from the West Coast to boost its growth.
Categories: Financial Media

Stocks falter, dollar recovers on renewed growth worries

Thu, 08/15/2019 - 16:51
The dollar recovered from early weakness but a gauge of global equity performance edged lower on Thursday as concerns about global growth offset investor optimism over a surge in U.S. retail sales last month and strong Walmart earnings.
Categories: Financial Media

U.S. 30-year yields drop to fresh record low below 2%

Thu, 08/15/2019 - 16:31
U.S. 30-year Treasury yields fell to a record low below 2% and benchmark 10-year notes dropped to a three-year trough on Thursday amid persistent worries about global trade tensions and economic slowdowns around the world.
Categories: Financial Media

Ryanair expects minimal disruption from planned strikes

Thu, 08/15/2019 - 15:59
Ryanair expects minimal cancellations with affected passengers flying out at different times if pilots in Britain and Ireland go ahead with a two-day strike next week, the airline's chief people officer said on Thursday.
Categories: Financial Media

U.S. consumer spending strong; manufacturing struggling

Thu, 08/15/2019 - 15:37
U.S. retail sales surged in July as consumers bought a range of goods even as they cut back on motor vehicle purchases, which could help to assuage financial market fears that the economy was heading into recession.
Categories: Financial Media

China to counter latest U.S. tariffs as Trump vows deal on U.S. terms

Thu, 08/15/2019 - 15:24
China on Thursday vowed to counter the latest U.S. tariffs on $300 billion of Chinese goods but called on the United States to meet it halfway on a potential trade deal, as U.S. President Donald Trump said any pact would have to be on America's terms.
Categories: Financial Media

Oil deepens slide below $58 on recession fears, U.S. supply

Thu, 08/15/2019 - 14:49
Oil fell 3% to below $58 a barrel on Thursday, extending the previous session's 3% drop, pressured by mounting recession concerns and a surprise boost in U.S. crude inventories.
Categories: Financial Media

Wall St. opens higher after strong retail sales data, Walmart results

Thu, 08/15/2019 - 14:47
U.S. stocks opened higher on Thursday as a surge in July retail sales and Walmart's robust results eased fears of a recession in the world's largest economy, while differing reports on the U.S.-China trade dispute kept investors on edge.
Categories: Financial Media

J.C. Penney shares surge as loss halves, sales still falling

Thu, 08/15/2019 - 14:40
J.C. Penney Co Inc posted a smaller-than-expected quarterly loss on Thursday, as the struggling department store operator's efforts to cut costs and shutter unprofitable businesses paid off, sending its shares up 12%.
Categories: Financial Media

Surge in U.S. retail sales underscores economy's resilience

Thu, 08/15/2019 - 14:36
U.S. retail sales surged in July as consumers bought a range of goods even as they cut back on motor vehicle purchases, which could help to assuage financial markets' fears that the economy was heading into recession.
Categories: Financial Media

China says it must take countermeasures to latest U.S. tariffs

Thu, 08/15/2019 - 14:36
China has to take necessary countermeasures to the latest U.S. tariffs on $300 billion of Chinese goods, the finance ministry said on Thursday.
Categories: Financial Media

Trump says any trade deal with China must be on 'our terms': radio interview

Thu, 08/15/2019 - 14:35
Any trade deal the United States makes with China must be on U.S. terms, Donald Trump said on Thursday, as Beijing prepared to take countermeasures in response to the Republican U.S. president's latest tariffs on $300 billion of Chinese imports.
Categories: Financial Media

U.S. manufacturing output drops in July

Thu, 08/15/2019 - 14:32
U.S. manufacturing output dropped in July, ending a run of two months of growth.
Categories: Financial Media

GE shares fall on report that cash situation worse than thought

Thu, 08/15/2019 - 14:28
General Electric shares fell 5% on Thursday after Harry Markopolos, whistleblower in the Bernard Madoff Ponzi scheme case, alleged that company financial filings masked the depths of its problems.
Categories: Financial Media

Walmart's earnings beat allays worry over tariff impact for now

Thu, 08/15/2019 - 14:07
U.S. retailer Walmart Inc reported strong second quarter results and raised its earnings expectations for the year, temporarily sidestepping concerns around consumer demand in the wake of tariffs on imports from China.
Categories: Financial Media

UPS buys stake in TuSimple, testing self-driving trucks in Arizona

Thu, 08/15/2019 - 14:04
UPS said on Thursday it has bought a minority stake in self-driving company TuSimple, and the world's largest package delivery company has been testing the startup's autonomous trucks since May on a busy freight route in Arizona.
Categories: Financial Media

U.S. antitrust unit seeks additional information from United Tech, Raytheon

Thu, 08/15/2019 - 13:48
United Technologies and Raytheon Co have received requests for additional information from the antitrust division of the U.S. Department of Justice related to their $120 billion merger, according to a regulatory filing on Thursday.
Categories: Financial Media

Global stocks hurt by China's trade threats, falling bond yields

Thu, 08/15/2019 - 13:45
China's threat to impose counter-measures in retaliation for the latest U.S. tariffs knocked stocks sprawling on Thursday, checking earlier attempt to recover from a rout sparked by fears of a world recession.
Categories: Financial Media

British pilots union calls on Ryanair for mediated talks as strikes loom

Thu, 08/15/2019 - 12:58
The British Airline Pilots Association (BALPA) called on Ryanair to meet for mediated talks to resolve a dispute on pay and benefits to avoid two multi-day stikes planned by their members from next week.
Categories: Financial Media