Bhinneka News Online: Breaking business news: Wall Street edges lower with Jackson Hole meeting in focus

Thursday, 24 August 2017

Breaking business news: Wall Street edges lower with Jackson Hole meeting in focus

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Thursday, August 24, 2017

Wall Street edges lower with Jackson Hole meeting in focus

(Reuters) - U.S. stocks dipped on Thursday as political uncertainty in Washington kept investors cautious ahead of comments on monetary policy from central bankers gathered for their annual meeting in Jackson Hole, Wyoming.

Low world inflation dogs central bankers, even as economies grow

JACKSON HOLE, Wyo. (Reuters) - The world's top central bankers gather in Jackson Hole, their confidence bolstered by a sustained return to economic growth that may eventually allow the European Central Bank and the Bank of Japan to follow the Federal Reserve in winding down their crisis-era policies.

Amazon to cut Whole Foods prices amid intense grocery turf war

(Reuters) - Amazon.com Inc said on Thursday it will cut prices on a range of popular goods as it completes its acquisition of Whole Foods Market Inc , sending shares of rival grocers tumbling over fears of even more brutal market share battles.

In wake of Foxconn deal, Wisconsin and Illinois vie for jobs

CHICAGO (Reuters) - The pledge by Taiwan's Foxconn to build a $10 billion factory in southern Wisconsin has ignited cross-border competition with Illinois over which state's residents will get the jobs created by the project.

U.S. homes sales fall to 11-month low; jobless claims up slightly

WASHINGTON (Reuters) - U.S. home resales unexpectedly fell in July to an 11-month low as a chronic shortage of properties boosted prices, the latest sign that the housing market recovery was slowing.

Exclusive: Tesla's 'long-haul' electric truck aims for 200 to 300 miles on a charge

SAN FRANCISCO (Reuters) - Tesla Inc next month plans to unveil an electric big-rig truck with a working range of 200 to 300 miles, Reuters has learned, a sign that the electric car maker is targeting regional hauling for its entry into the commercial freight market.

SoftBank invests additional $3 billion in shared-office startup WeWork

(Reuters) - WeWork Cos said on Thursday it received an additional $3 billion investment from Japan's SoftBank Group and its Vision Fund, helping the shared-office startup ramp up its expansion globally.

Investor Benchmark claims ex-Uber CEO is a 'corrosive influence'

SAN FRANCISCO (Reuters) - Benchmark Capital called ousted Uber Technologies Inc [UBER.UL] Chief Executive Travis Kalanick a "corrosive influence" on the ride-services company in a court filing on Thursday, the latest salvo in a battle between the two over Kalanick's presence on Uber's board.

Seoul court to rule on Samsung scion Lee in bribery trial

SEOUL (Reuters) - A South Korean court will rule on Friday on corruption charges against Jay Y. Lee, the billionaire head of Samsung Group, after a six-month trial in a nationwide bribery scandal that triggered the dismissal from office of the country's president.

U.S. accuses former Societe Generale bank managers of Libor scheme

WASHINGTON (Reuters) - U.S. authorities on Thursday charged two managers at French bank Societe Generale with taking part in a scheme to manipulate the global U.S. dollar Libor benchmark interest rate.