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Rate-cut euphoria elevates S&P 500 to record high

June 20, 2019 by  
Filed under News

The S&P 500 index touched a record high on Thursday, driven Wall Street’s expectations that the Federal Reserve will cut interest rates as soon as next month to keep the U.S.-China trade war from stalling economic growth.


Source: Reuters Business News

Sparkly unicorn ice cream: Kroger’s bid to win grocery wars

June 20, 2019 by  
Filed under News

Kroger Co has room to improve on sales and is looking to its Deluxe Unicorn Swirl ice cream and other store-brand products to boost growth, Chief Executive Rodney McMullen said on Thursday.


Source: Reuters Business News

Factbox: What is Slack?

June 20, 2019 by  
Filed under News

Slack Technologies Inc, whose instant messaging app has taken workplaces by storm, went public via a direct listing on June 20, instead of the more popular initial public offering route.


Source: Reuters Business News

Slack stock surges at debut, values company at more than $25 billion

June 20, 2019 by  
Filed under News

Shares of Slack Technologies Inc, the fast-growing workplace messaging and communication platform, soared nearly 60% in their public trading debut on Thursday, valuing the company at more than $25 billion.


Source: Reuters Business News

Apple, Keurig Dr Pepper, Dollar Tree press U.S. to drop China tariff plan

June 20, 2019 by  
Filed under News

Apple Inc, Keurig Dr Pepper Inc and Dollar Tree Inc have joined other companies in their opposition to a Trump administration plan for more U.S. tariffs on Chinese goods, including iPhones, Macs, and single-serve coffee brewers.


Source: Reuters Business News

Wall Street climbs after Fed signals potential rate cuts

June 19, 2019 by  
Filed under News

Wall Street rose on Wednesday after the Federal Reserve held interest rates steady, as expected, and signaled potential cuts later this year.


Source: Reuters Business News

KLM in preliminary deal for 15 Embraer E195-E2 planes

June 19, 2019 by  
Filed under News

Brazilian planemaker Embraer landed the first major European customer for its newly certified E195-E2 passenger jet on Wednesday as Dutch KLM signed a letter of intent for 15 of the upgraded aircraft and options for another 20.


Source: Reuters Business News

Airbus fights back with big name buyers after Boeing's MAX showstopper

June 19, 2019 by  
Filed under News

Airbus sealed deals with big name buyers for its latest passenger jet at the Paris Airshow on Wednesday, battling back from the potential loss of a major customer a day earlier when IAG placed a lifeline order for Boeing’s grounded 737 MAX jet.


Source: Reuters Business News

Instant view: Fed holds interest rates steady, sets up for cuts

June 19, 2019 by  
Filed under News

The U.S. Federal Reserve held interest rates steady on Wednesday but signaled possible rate cuts of as much as half a percentage point over the remainder of this year, as it responded to increased economic uncertainty and a drop in expected inflation.


Source: Reuters Business News

Fed holds rates steady, signals cuts possible later this year

June 19, 2019 by  
Filed under News

The U.S. Federal Reserve held interest rates steady on Wednesday but signaled possible rate cuts of as much as half a percentage point over the remainder of this year, as it responded to increased economic uncertainty and a drop in expected inflation.


Source: Reuters Business News

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