Global stocks crawl up slightly as weak U.S. data spurs hopes of Fed rate cut
The latest weaker-than-expected U.S. economic data on Thursday fed hopes that the Federal Reserve would cut U.S. interest rates this month, which helped lift global...
U.S. stock funds post second straight weekly outflow
U.S. equity funds saw $7.9 billion in outflows in the last week, the second consecutive weekly drawdown, as bond and money market funds drew money,...
Fighting GM puts a financial squeeze on striking union workers
While striking workers at General Motors Co’s U.S. auto plants continue walking picket lines for a third week to demand better pay and benefits, the...
Oil ends little changed after touching near two-month lows
U.S. crude futures were slightly lower on Thursday, drawing some support from the stock market after earlier touching nearly two-month lows on weak economic data....
Brexit raises stakes for Britain in aircraft trade war
U.S. tariffs on European goods have plunged Britain into a trade war between the European Union and United States just as it plans to leave...
Analysis: WeWork seen as startup lesson in what not to do in Silicon Valley
The implosion of office space company WeWork this week is being digested as a lesson for Silicon Valley startups – in what not to do....
U.S. seeks advertising, sales data on e-cigarette companies
The U.S. Federal Trade Commission has ordered a half-dozen e-cigarette companies to turn over sales and advertising data, the federal regulator said on Thursday, in...
Wall Street gains as dour services data raises rate-cut expectations
Wall Street climbed on Thursday after data showing services-sector activity at a three-year low fueled expectations that the Federal Reserve would cut interest rates to...
U.S. recession risks up as services growth hits three-year low
U.S. services sector activity slowed to a three-year low in September amid rising concerns about tariffs, suggesting that trade tensions were spilling over to the...
Wall Street gains as services data raises odds on Fed rate cuts
Wall Street’s main indexes rose in volatile trading on Thursday as U.S. services sector activity slowed to a three-year low, fueling hopes of further easing...