S&P 500 breaches 3,300 mark on strong Morgan Stanley earnings, retail data
The S&P 500 crossed the 3,300 mark for the first time and the other main indexes hit record highs on Thursday, as encouraging retail sales data and upbeat Morgan Stanley earnings added to optimism from the signing of an initial U.S.-China trade deal.
Source: Reuters Business News
Oil up sharply as more trade deal progress spurs energy demand hopes
Oil rose more than 1% on Thursday, as progress on another major trade deal fed optimism that energy demand will grow in 2020.
Source: Reuters Business News
U.S. Senate passes new North American trade deal
The U.S. Senate on Thursday approved a revamp of the 26-year-old North American Free Trade Agreement that includes tougher rules on labor and automotive content but leaves $1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged.
Source: Reuters Business News
Mexico hails USMCA trade deal approval, expects more investment
Mexican President Andres Manuel Lopez Obrador on Thursday hailed the U.S. Senate’s approval of the United States-Mexico-Canada Agreement (USMCA) trade deal, forecasting it would deliver a boost to the Mexican economy.
Source: Reuters Business News
Morgan Stanley shares soar after Gorman boosts performance targets
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.
Source: Reuters Business News
Holiday shock for Target as toys, electronics disappoint
Target Corp fell short of its own expectations for holiday season sales on Wednesday, reporting a drop off in online growth and demand for toys and electronics that sent a shiver through the wider U.S. retail sector.
Source: Reuters Business News
U.S., China reset trade relationship with Phase 1 agreement
The United States and China announced an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. goods and services, defusing an 18-month conflict between the world’s two largest economies.
Source: Reuters Business News
China to boost U.S. purchases by $76.7 billion in first year of trade deal: text
China has agreed to increase purchase $76.7 billion worth of U.S. goods in the first year of the newly signed Phase 1 trade deal with the United States, with $123.3 billion slated for the second year, according to the text of the agreement released on Wednesday.
Source: Reuters Business News
Mexico union threatens Home Depot strike, inspired by USMCA trade deal
Spurred on by labor protections in the new North American trade deal, a top Mexican trade union has accused Home Depot of blocking union activity and threatened strikes next week if the U.S. home improvement chain does not improve pay and benefits for workers.
Source: Reuters Business News
China's Xi tells Trump he welcomes Phase 1 trade deal
Chinese President Xi Jinping told U.S. President Donald Trump in a letter that he welcomes the Phase 1 trade deal reached with the United States and that he is willing to stay in close touch with the American leader.
Source: Reuters Business News