German industrial group Thyssenkrupp is in talks to buy metals trader Kloeckner & Co in a move to strengthen its steel business, Handelsblatt reported on Thursday citing sources familiar with the matter.
Oil prices weakened on Thursday as worries about the global economy weighed and equity markets were under pressure as uncertainty over the outlook for U.S. interest rate cuts left investors on edge.
Two Federal Reserve officials on Thursday said they see no need for an interest rate cut widely expected next month by markets, highlighting policymakers’ divisions over how to respond to signs of a global economic slowdown.
Wells Fargo & Co will pay the Navajo Nation $6.5 million to settle a lawsuit over “predatory and unlawful practices” by the bank, the Native American tribe said on Thursday.
An index of global stock markets slipped on Thursday as investors worried about uncertainty over the outlook for U.S. interest rate cuts even as weak U.S. manufacturing data raised concerns about the health of the world’s largest economy.
Back in the 1930s, reefer madness spread across the globe.
“The devil’s lettuce” was deemed a menace. And a global war against cannabis began.
For decades, American pot prohibition sent thousands to prison.
But, as Bob Dylan sang, “The times they are a-changin’”…
A little shy of a century after cannabis prohibition took root, we’re starting to see a shift in the other direction.
California legalized medical cannabis in 1996. Last year, Canada became the first G-7 country to legalize adult-use cannabis nationwide. And today in the U.S., 11 states have greenlit adult-use and 33 have legalized medical use.
There are also more than two dozen …read more […]
Boeing Co has told suppliers it will resume production of its best-selling 737 jets at a rate of 52 aircraft per month in February 2020, then stepping up to a record 57 jets monthly in June, three people familiar with the matter told Reuters.
China’s embassy in Canada said on Thursday that bilateral ties were suffering “gross difficulties,” and demanded Ottawa free Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou.
Federal Reserve Chair Jerome Powell comes to this year’s meeting of central bankers in Jackson Hole, Wyoming, caught between discord within the U.S. central bank over appropriate monetary policy and mounting outside pressure for more interest rate cuts.
Oil prices weakened on Thursday as worries about the global economy weighed and equity markets were under pressure as uncertainty over the outlook for U.S. interest rate cuts left investors on edge.
(This August 21 story corrects in 9th paragraph to show that tariffs have not been imposed and that the North American Olive Oil Association has, and continues to, oppose proposed tariffs on olive oil.)
U.S. stocks turned lower on Thursday as the first contraction in the manufacturing sector in nearly a decade and uncertainty about future interest rate cuts overshadowed an initial boost from upbeat retail earnings.
U.S. Secretary of State Mike Pompeo on Thursday assured Canadian Prime Minister Justin Trudeau that American officials were working to free two Canadian men who have been held by China since late last year.
The S&P 500 has seen both record highs and continued volatility this year, shifting many investors toward less risky assets.
Today, Nicholas Vardy explains a proven ETF trading strategy that shines during market turmoil and generates steady income.
The S&P 500 hit a record high in late July.
Yet few investors are partying like it’s 1999.
That’s because, for most investors, 2019 has been more about stomach-churning market volatility spurred by slowing global growth and the escalating trade war with China.
As the market continues its recent roller-coaster ride, I’m reminded of one of the most fundamental truths of investing: No single strategy works all …read more […]
China snapped up a small volume of U.S. soybeans last week after pledging to halt purchases of American farm products due to the escalating trade war between Washington and Beijing, U.S. Department of Agriculture data showed on Thursday.
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