Hot data keeps stocks up after trade deal
World stocks held near record highs on Thursday as some encouraging U.S. data ensured there was no post U.S.-China trade deal hangover for global markets.
World stocks held near record highs on Thursday as some encouraging U.S. data ensured there was no post U.S.-China trade deal hangover for global markets.
Morgan Stanley lifted its performance goals on Thursday after beating Wall Street estimates by a wide margin, the latest sign that Chief Executive James Gorman's strategic vision for the bank is bearing fruit.
Amazon hasn't done India any big favours by announcing a new $1 billion investment, its trade minister said on Thursday, laying bare tensions with the U.S. online retail giant during a visit to the country by its CEO Jeff Bezos.
Volkswagen Chief Executive Herbert Diess said the German carmaker needs to accelerate its transformation to avoid becoming another Nokia , which lost its dominance in the handset market to Apple .
Bank of New York Mellon Corp missed analysts' estimates for quarterly profit on Thursday, as the world's largest custodian bank earned less from its interest-earning assets due to rate cuts by the Federal Reserve.
Burger King said on Thursday it would add its plant-based Impossible Whopper sandwich to its popular 2 items for $6 promotion, a sign that fast-food chains are trying to reach more customers with affordable options.
Oil steadied on Thursday as the long-awaited Phase 1 trade deal between the United States and China brought some relief to markets, but gains were capped after the International Energy Agency said it expected oil production to outstrip demand.
CEO James Gorman said that Morgan Stanley met all of the bank's performance targets.
U.S. retail sales increased for a third straight month in December, with households buying a range of goods even as they cut back on purchases of motor vehicles, suggesting the economy maintained a moderate growth pace at the end of 2019.
Oil rose on Thursday as the long-awaited Phase 1 trade deal between the United States and China brought some relief to markets, but the gains were capped after the International 7Energy Agency said it expected oil production to outpace demand.
Volkswagen needs to accelerate the overhaul of its business to avoid becoming another Nokia , which lost its dominance in the handset market to Apple , the German carmaker's chief executive said.
The S&P 500 crossed 3,300 for the first time and the Dow and the Nasdaq opened at new highs on Thursday, after the United States and China signed an initial trade deal and Morgan Stanley wrapped up big bank earnings on a strong note.
European companies called on European Union policy-makers on Thursday to toughen their approach to China to secure a level playing field for European businesses.
Clean energy investment in the United States surged to a fresh record of $55.5 billion last year, despite the government's attempts to roll back supportive policies, a report showed on Thursday.
U.S. stock indexes hit record highs on Thursday, with the S&P 500 crossing the 3,300 mark for the first time, as upbeat earnings from Morgan Stanley and a tech rally added to optimism from an initial U.S.-China trade deal.