Investment bank Lazard reported a 21% drop in third-quarter adjusted net income amid a slowdown in worldwide deal activity, though the decline was smaller than analysts had estimated as its financial advisory business stabilized.
Investment bank Lazard has axed about 200 employees after a review of its business, Chief Financial Officer Evan Russo said on Thursday.
Fiat Chrysler on Thursday posted higher than expected operating earnings for the third quarter, lifted by its North-American business, as the carmaker heads to a merger with French rival PSA .
"Huge AirPod growth" helped drive Apple's earnings, Bernstein's Toni Soccanogahi said.
U.S. labor costs increased in the third quarter as a tightening labor market lifted wages across the board.
U.S. consumer spending rose marginally in September while wages were unchanged, which could cast doubts on consumers' ability to continue driving the economy amid a deepening slump in business investment.
The number of Americans filing applications for unemployment benefits rose slightly more than expected last week, but the trend in claims remained consistent with strong labor market conditions.
Goldman Sachs upgraded shares of Lyft to a buy rating following the company's third quarter earnings results.
World stocks edged to their highest in over 20 months on Thursday after the Federal Reserve cut rates even as it signaled it would hold back from further reductions, sending bond yields and the dollar down.
Cigna Corp raised its full-year earnings target on Thursday, after reporting a better-than-expected quarterly profit boosted by its acquisition of pharmacy benefits manager Express Scripts last year.
Encana Corp will shift base to the United States and become Ovintiv Inc, the Canadian oil and gas producer said on Thursday, as Canada faces pipeline capacity shortages that have led many companies to move from the country's energy sector.
British business minister Nadhim Zahawi on Thursday welcomed Spirit AeroSystems' purchase of Bombardier's plant in Belfast as great news for workers and a welcome investment in the United Kingdom.
Fiat Chrysler and Peugeot owner PSA plan to join forces in a 50-50 share merger to create the world's fourth-largest automaker, seeking scale to cope with costly new technologies and slowing global demand.
Oil prices came under pressure on Thursday from rising U.S. crude oil stocks and weak factory activity in China, with few bullish factors on the horizon.
Barclays analyst Tim Long said Apple's services business was strong but iPhones are selling at average prices that are too low.