Thursday 23 August 2018

Fed poised to raise U.S. rates, but maybe not much farther

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Fed poised to raise U.S. rates, but maybe not much farther

Federal Reserve policymakers broadly agree that U.S. interest rates should rise further this year and next, despite U.S. President Donald Trump's displeasure with such a plan, two policymakers' comments underscored on Thursday.

Oil, copper slip as U.S.-China trade fight escalates

Oil and copper prices edged lower on Thursday as the U.S.-China trade dispute escalated while global equity markets fell as gains in U.S. technology shares failed to offset declines in commodity-related and trade-sensitive stocks.

General Mills changing Nature Valley labels after lawsuit's pesticide claim

General Mills Inc agreed to stop calling the oats in its Nature Valley granola bars 100 percent natural to settle a lawsuit by three consumer groups that said the bars contained small amounts of the pesticide commonly known as RoundUp.

HP Inc quarterly profit jumps 26 percent

HP Inc , which houses the hardware business of former Hewlett-Packard Co, reported a 26.4 percent rise in quarterly profit on Thursday, due to strength in its personal systems that sells notebooks and desktops.

Stocks drop as trade spat escalates

Wall Street's major indexes fell on Thursday as trade-sensitive stocks were hit by a new round of tariffs in the trade dispute between the United States and China.

U.S.-China talks on trade war resume as new tariffs kick in

The United States and China escalated their acrimonious trade war on Thursday, implementing punitive 25 percent tariffs on $16 billion worth of each other's goods, even as mid-level officials from both sides resumed talks in Washington.

Fidelity fund votes backed Tesla, potential sign of more support

Funds run by Fidelity Investments sided with Tesla Inc management on director votes and other controversial items this spring, filings showed on Thursday, and experts said that could indicate further support for Tesla CEO Elon Musk as he looks to take the company private.

British Airways, Air France halting flights to Iran from next month

British Airways and Air France said on Thursday they would halt flights to Iran from September for business reasons, months after U.S. President Donald Trump announced he would re-impose sanctions on Tehran.

JPMorgan undercuts discount brokerages on trades

JPMorgan Chase & Co, in a bid to lure customers from the discount brokerage industry, said on Tuesday it will begin offering free stock trades for self-managed accounts through its Chase mobile banking app starting next week.

No-deal Brexit will bring tangle of red tape, Britain warns companies

Britain on Thursday told companies trading with the European Union they would face a tangle of red tape, possible border delays and more costly credit card payments if the government fails to negotiate an exit deal before Britain leaves the bloc.

Alibaba revenue beats, but investments prolong margin squeeze

Alibaba Group Holding Ltd , China's biggest e-commerce firm, topped first-quarter revenue estimates on Thursday, but said investments in its food delivery business would continue to weigh on profits.

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