Broadcom Inc narrowly missed Wall Street estimates for quarterly revenue on Thursday and maintained its full-year forecast, as it faces a slowdown in chip demand and macroeconomic uncertainty due to the ongoing U.S.-China trade war.
Wall Street advanced on Thursday, and the S&P 500 ended the session within striking distance of its all-time closing high, buoyed by positive developments on the U.S.-China trade front and a promise of continued stimulus from the European Central Bank.
Deutsche Bank AG will pay $15 million to resolve claims it conspired to rig prices of bonds issued by Fannie Mae and Freddie Mac , becoming the first of 16 financial services companies to settle litigation by investors.
A gauge of global stock markets rose for a seventh straight day in choppy trading on Thursday after hints of progress in the U.S.-China trade dispute, pushing bond yields off lows hit earlier on the heels of new stimulus measures put forth by the European Central Bank.
Mexico's national oil company Pemex will need more than the $5 billion cash capital contribution from the government announced on Wednesday to turn around its fate, investors said, although there was interest in the plan's lengthening of debt maturities.
Here's what investors need to know about what's happening in this rapidly changing U.S. market environment.
U.S. Treasury Secretary Steven Mnuchin on Thursday said the United States may issue 100-year bonds if a bid to issue 50-year bonds is successful.
After a $5 billion government lifeline to pay off debt, Mexico's struggling state oil company Pemex must now do its part to fend off a threatened credit downgrade by keeping promises to increase production and lowering costs, a top official said.
A U.S. House committee on Thursday asked Boeing Co Chief Executive Dennis Muilenburg to request interviews with several employees as part of the congressional probe into the design, development and certification of 737 MAX involved in two fatal crashes in five months killing 346 people.
Le Monde with AFP | Sep 12, 2019 Bruno Le Maire expressed his hostility towards this cryptocurrency project, saying that "the monetary sovereignty of states is at stake" Finance Minister Bruno Le Maire announced on Thursday (September 12th) that France was refusing to authorize the development "on European soil" of libra, the cryptocurrency that Facebook
WeWork owner The We Company's executives, investors and advisers are discussing curbing the voting power of founder Adam Neumann and removing his wife from a role in succession planning, the Financial Times reported on Thursday, citing sources familiar with the matter.
U.S. Treasury Secretary Steven Mnuchin on Thursday said the United States will issue 50-year bonds if there is "proper demand," a moved aimed at "derisking" the government's $22 trillion of debt and locking in low interest rates.
Congress on Thursday asked Boeing Co's chief executive to make several employees available for interviews as part of a congressional probe into the design, development and certification of 737 MAX aircraft involved in two crashes that killed 346 people.
Broadcom Inc said on Thursday demand for microchips had hit a bottom and would remain at current levels, a sign that an industry downturn may linger, and added that there was no clear indication as to when the recovery would take place.
About a dozen advocacy groups and unions, including Public Citizen and the American Federation of Teachers, wrote the Federal Trade Commission on Thursday urging it to consider blocking drugmaker AbbVie Inc's planned $63 billion purchase of Botox maker Allergan Plc .