American, Southwest profits rise on strong demand even as 737 MAX hurts
American Airlines Group and Southwest Airlines posted quarterly profit increases on Thursday even as the two U.S. carriers pointed to a rising cost impact from...
Rosneft switches contracts to euros from dollars due to U.S. sanctions
Russia’s largest oil company Rosneft has fully switched the currency of its contracts to euros from U.S. dollars in a move to shield its transactions...
Tesla overtakes GM as most valuable U.S. automaker, short sellers burned
Tesla Inc shares soared 17% on Thursday after the electric carmaker surprised Wall Street by delivering on Chief Executive Officer Elon Musk’s promise of a...
Oil extends gains despite weak demand outlook
Oil prices extended their gains on Thursday, with Brent rising above $61 a barrel as a surprise drop in U.S. crude inventories and the prospect...
Gucci posts solid growth despite Hong Kong turmoil
Revenue growth at Kering SA’s Gucci brand slowed further in the third quarter, though the label managed to offset some of the turmoil in Hong...
U.S. business investment still weak; jobless claims fall
New orders for key U.S.-made capital goods fell more than expected in September and shipments also declined, a sign that business investment remains soft amid...
‘Never give up!’ Draghi tells Lagarde as he leaves ECB
European Central Bank President Mario Draghi told his successor on Thursday to “never give up” on propping up the euro zone economy in the face...
Shares edge higher, buoyed by upbeat results; sterling weakens
Stock markets edged higher on Thursday amid upbeat earnings reports from a slew of companies worldwide, while the British pound slipped....
Twitter ad platform suffers tech glitches, hitting revenue; shares tumble
Twitter Inc posted worse-than-expected quarterly revenue and profit on Thursday, plagued by unusually low demand over the summer and technical issues that hurt its advertising,...
Spirit says working with Airbus, trade representatives on tariff impact
Spirit Airlines said it is working with Airbus SE and trade representatives to mitigate the impact of U.S. tariffs on European-made aircraft but does not...