(Reuters) – U.S. stocks opened higher on Thursday, as strong results from retailers including Nordstrom reinforced confidence in consumer demand, while investors look ahead to Fed Chief Jerome Powell’s speech for more clues on future interest rate moves. The Dow Jones Industrial Average .DJI rose 68.91 points, or 0.26%, at the open to 26,271.64. The
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SINGAPORE (Reuters) – Oil prices rose on Thursday following a drawdown in U.S. crude inventories, but gains in fuel inventories and persistent concerns over the global economy and future demand outlook capped gains. FILE PHOTO: A pump jack operates at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford Brent
FILE PHOTO: U.S. President Donald Trump answers questions from reporters as he meets with Romania’s President Klaus Iohannis in the Oval Office of the White House In Washington, U.S. August 20, 2019. REUTERS/Kevin Lamarque WASHINGTON (Reuters) – President Donald Trump on Wednesday continued to pressure the Federal Reserve and the central bank’s chairman to lower
SYDNEY (Reuters) – Asian shares fell on Wednesday as fresh worries about a global recession led investors to dump risky assets, with U.S. President Donald Trump showing no signs of backing down in his trade war with China. FILE PHOTO: A passerby walks past in front of a stock quotation board outside a brokerage in
FILE PHOTO: Joseph M. Otting speaks after being sworn in as Comptroller of the Currency in Washington, U.S., November 27, 2017. REUTERS/Joshua Roberts WASHINGTON (Reuters) – A U.S. banking regulator announced Tuesday he had approved a final rule simplifying the “Volcker Rule,” which restricts risky profit-seeking trades by banks. Joseph Otting, the Comptroller of the
TOKYO (Reuters) – Japanese companies broadly support Prime Minister Shinzo Abe’s tough trade stance against South Korea, a Reuters poll found. FILE PHOTO: Japan’s Prime Minister Shinzo Abe, who is also ruling Liberal Democratic Party leader, speaks at a debate session ahead of July 21 upper house election at the Japan National Press Club in
Are you old enough to have played your music on vinyl records? For many readers, the answer is “no” … if not “hunnnh?” If you were born after 1982, you came into a world where music on vinyl had mostly disappeared. Compact discs (CD’s) for music storage were becoming an established norm, no longer a new
WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross said Monday the U.S. government will extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, even as nearly 50 of its units were being added to a U.S. economic blacklist. FILE
TOKYO (Reuters) – Japan’s exports slipped for an eight month in July, while manufacturers’ confidence turned negative for the first time in over six years as slowing global growth and the prolonged Sino-U.S trade war took a toll on the world’s third-biggest economy. FILE PHOTO: A man in a bicycle drives past containers at an
FILE PHOTO: FCA Chairman John Elkann is seen before an event at the Bocconi University in Milan, Italy May 27, 2019. REUTERS/Alessandro Garofalo PEBBLE BEACH, Calif. (Reuters) – Italian premium sports car maker Ferrari NV (RACE.MI) will expand sales of easier-driving grand touring cars, but will not try to chase rival Porsche’s annual sales volume,
FILE PHOTO: Argentina’s Treasury Minister Nicolas Dujovne gestures during a news conference in Buenos Aires, Argentina April 22, 2019. REUTERS/Agustin Marcarian BUENOS AIRES (Reuters) – Argentina’s Treasury Minister Nicolas Dujovne has resigned, saying in a letter seen by Reuters on Saturday he believed the government needed “significant renewal” in its economic team amid a crisis
A logo of Standard Chartered is displayed at the financial Central district in Hong Kong, China November 23, 2017. REUTERS/Bobby Yip (Reuters) – Standard Chartered PLC (STAN.L) is facing a fine for failing to prevent sanctions breaches, Sky News reported on Saturday. Britain’s Office of Financial Sanctions Implementation, which includes police and intelligence officers as
FILE PHOTO: Apple CEO Tim Cook laughs with U.S. President Donald Trump as the news media leave the room after the two men spoke while participating in an American Workforce Policy Advisory Board meeting in the White House State Dining Room in Washington, U.S., March 6, 2019. REUTERS/Leah Millis (Reuters) – U.S. President Donald Trump
LONDON/NEW YORK (Reuters) – Trade tensions between the United States and China and a weakening yuan are boosting demand for cryptocurrencies among Chinese investors, market players from Asia to New York said. FILE PHOTO: Small toy figurines are seen on representations of the Bitcoin virtual currency displayed in front of an image of China’s flag
NEW YORK (Reuters) – Investors may be stumped by some of the finances WeWork owner We Company unveiled this week in its filing to go public, in particular a $486 million gain on a convertible note that made losses at the coworking firm appear a lot smaller. FILE PHOTO: The WeWork logo is displayed outside
LONDON (Reuters) – Oil fell 2% toward $58 a barrel on Thursday, extending the previous session’s 3% drop, pressured by mounting recession concerns and a surprise boost in U.S. crude inventories. FILE PHOTO: Drilling rigs operate at sunset in Midland, Texas, U.S., February 13, 2019. REUTERS/Nick Oxford/File Photo In a sign of investor concern that