Wall Street’s main indexes fell more than 1% on Thursday, as technology stocks were hammered by fears that the U.S.-China trade spat could turn into a tech cold war between the two countries.
Morgan Stanley said on Tuesday that more than 95 percent of shares voted to approve its executive compensation packages and that all of its directors were elected at the bank’s annual shareholder meeting in Purchase, New York.
The Federal Aviation Administration is meeting with international air regulators Thursday from around the world to assess the status of the grounded Boeing Co 737 MAX and what steps are needed to return it to service.
Dow tumbles nearly 400 points as trade war worries weigh on markets CNNDow drops 350 points, continuing this month’s slide on trade-war fears CNBCDow down 400 points as trade war fears grow NBCNews.comView full coverage…
British drugmaker GlaxoSmithKline said on Thursday it will change incentives for sales representatives in some countries as it looks to retain talent.
The International Civil Aviation Organization council is holding an “informal briefing” on the grounded Boeing Co 737 MAX on Thursday, a spokesman said.
Tesla Inc is on course to top its record for quarterly deliveries in the second quarter, beating the 90,700 it sent to customers in the final quarter of last year, according to an email from Chief Executive Officer Elon Musk to staff.
Best Buy Co Inc on Thursday stuck to its full-year forecast due to the impact of the latest U.S. tariffs on Chinese imports and warned any new levies would increase prices for U.S. shoppers, sending its shares down as much as 5.4%.
The newest round of U.S. tariffs on Chinese imports will cost the typical American household $831 annually, according to research on Thursday from the Federal Reserve Bank of New York.
Trump plans $16 billion bailout to farmers hurt by China trade war, USDA Secretary Sonny Perdue says CNBCTrump set to send $16 billion to bailout farmers hurt by China trade war CNNView full coverage on Google News
U.S. Secretary of State Mike Pompeo said on Thursday the chief executive of China’s Huawei Technologies was lying about his company’s ties to the Beijing government, and he believed more American companies would cut ties with the tech giant.
Deutsche Bank’s chief executive promised shareholders “tough cutbacks” at its underperforming investment bank on Thursday as he battled to convince them he can turn around Germany’s biggest lender, whose shares hit a record low.
Trump’s Confrontation with Congress Enters a New and Ominous Phase NPRPresident Trump is so determined to pressure his antagonists to relent, he suddenly seems ready to renounce the governing obligations of his own office.View full coverage …
U.S. Secretary of State Mike Pompeo said on Thursday the chief executive of China’s Huawei Technologies was lying about his company’s ties to the Beijing government, and he believed more U.S. companies would cut ties with the tech giant.
China said the United States needs to correct its “wrong actions” in order for trade talks to continue after it blacklisted Huawei, a blow that has rippled through global supply chains and battered technology shares.