Defensive stocks buoy Wall Street amid coronavirus worries
Gains in defensives helped U.S. stocks bounce off session lows on Thursday, even as sentiment remained fragile after a spike in new coronavirus cases in...
U.S. files superseding indictment against Huawei Technologies, CFO Meng
The U.S. government on Thursday filed a superseding indictment against the Chinese smartphone maker Huawei Technologies Co and its Chief Financial Officer Wanzhou Meng....
Trump Fed nominee Shelton apologises for likening currency forger to Rosa Parks
Federal Reserve board nominee Judy Shelton on Thursday apologised for having likened a convicted currency counterfeiter to U.S. civil rights icon Rosa Parks in an...
Trump Fed nominee Shelton hits bipartisan skepticism in Senate hearing
Federal Reserve board nominee Judy Shelton faced deep skepticism from Republicans and Democrats on the Senate Banking Committee on Thursday, as lawmakers challenged her independence...
Defensive stocks lift Wall Street from session lows amid coronavirus worries
Defensive stocks helped the S&P 500 and the Nasdaq erase losses to trade flat on Thursday, even though a sharp rise in new coronavirus cases...
Oil prices climb on prospects for deeper OPEC+ output cuts
Oil prices edged higher on Thursday, as investors hoped the world’s biggest producers would cut output more, while they largely shrugged off forecasts of slumping...
JPMorgan gives fintechs July deadline to sign new data deals: sources
JPMorgan Chase & Co has told financial technology companies that they will be barred from accessing its customer information by July 30 if they do...
T. Rowe Price to place a bigger bet on stocks in retirement funds
T. Rowe Price Group Inc said on Thursday it would ratchet up the risk in its target-date retirement portfolios, boosting stock allocations to as much...
Investment bank loss mars Thiam’s final act at Credit Suisse
Credit Suisse posted its highest annual profit in nearly a decade on Thursday, but volatile earnings at its investment bank and trading divisions muted outgoing...
Rents lift U.S. core inflation; weekly jobless claims rise slightly
U.S. underlying consumer prices picked up in January, while the number of Americans filing claims for unemployment benefits rose slightly last week, suggesting the economy...