U.S. stocks fell on Thursday, as consumer and retail stocks dropped after a sharp decline in retail sales in December suggested a slowdown in economic activity.
The Trump administration has not yet made a decision on whether to extend a March 1 deadline for a trade deal with China, a top White House economic adviser said on Thursday.
U.S. stocks opened lower on Thursday, as a surprise drop in retail sales in December suggested a sharp slowdown in economic activity at the end of 2018, overshadowing hopes of a breakthrough in the U.S.-China trade talks.
Top executives from Nissan and Renault on Thursday reaffirmed the importance of an alliance that has been pressured by the ousting of former Chairman Carlos Ghosn, but avoided discussing the potentially contentious issue of Nissan’s next chairman.
U.S. retail sales recorded their biggest drop in more than nine years in December as receipts fell across the board, suggesting a sharp slowdown in economic activity at the end of 2018.
JPMorgan Chase & Co said on Thursday it plans to launch its own digital coins, called “JPM Coin”, that customers will be able to use for instant transfer of payments over a blockchain network.
U.S. stocks were set to open flat on Thursday, as a sharp drop in retail sales in December overshadowed optimism over a breakthrough in the U.S.-China trade talks.
Chinese E-commerce giant Alibaba Group Holding Ltd is in talks with Germany’s Metro about taking a stake in the German retailer’s China operations, three sources told Reuters on Thursday.
The chief executives of Japan’s Nissan and Mitsubishi Motors met with the newly appointed chairman of Renault in Tokyo on Thursday and reaffirmed the importance of their three-way alliance, Mitsubishi CEO Osamu Masuko said.
European Union antitrust rules could be reformed to introduce a two-stage review of mergers that would examine competition issues and then broader public interests, said the head of a German commission tasked with coming up with reforms proposals.
U.S. stock index futures pared gains on Thursday, after retail sales recorded their biggest drop in more than nine years in December, suggesting a sharp slowdown in economic activity at the end of 2018.
A Valentine’s day special deal for HSBC staff in Hong Kong offering discounted laptops ‘for him’ but vacuum cleaners and kitchen appliances ‘for her’ has angered staff over the sexist implications of the campaign.
U.S. producer prices fell for a second straight month in January, leading to the smallest annual increase in 1-1/2 years, the latest sign of benign inflation that could allow the Federal Reserve to be patient about raising interest rates this year.
Optimism about U.S.-China trade talks and bumper earnings lifted European shares to a three-month high on Thursday, though news that Germany only dodged recession by the narrowest of margins left the euro feeling unloved.
Google, Amazon and other tech firms will have to tell companies how they rank their own or rival products on their platforms under new rules agreed by EU negotiators aimed at stopping unfair practices by online platforms and app stores.
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