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Thursday, May 30, 2019

Stock futures tick higher after prior session's selloff

U.S. stock index futures edged higher on Thursday, taking a breather from a trade tension-driven selloff that has knocked more than 5% off the value of major stock markets since the start of May.

Dollar Tree quarterly same-store sales at namesake brand miss estimates

Dollar Tree Inc on Thursday reported quarterly same-store sales at its namesake stores that missed analysts' estimates, sending its shares down 4%.

Intesa Sanpaolo agrees with unions on 1,600 voluntary job layoffs

Italian biggest retail bank Intesa Sanpaolo reached an agreement with five banking unions for 1,600 voluntary layoffs, unions said on Thursday

Exclusive: Disney CEO says it will be 'difficult' to film in Georgia if abortion law takes effect

Walt Disney Co Chief Executive Bob Iger told Reuters on Wednesday it would be "very difficult" for the media company to keep filming in Georgia if a new abortion law takes effect because many people will not want to work in the U.S. state.

Exclusive: Tesla woes send Panasonic's U.S. solar cells to Philippines

Most of the solar cells made by Panasonic at Tesla Inc's New York manufacturing plant are being purchased by H.R.D. Singapore's factories in the Philippines, a chief supplier of panels to Japanese eco-homebuilder Ichijo Co Ltd, two sources familiar with the arrangement said.

FirstGroup reaches end of the line of Greyhound bus ride

Dallas-based Greyhound was put up for sale by Britain's FirstGroup on Thursday as the North American bus line battles to compete with growing pressure from low cost airlines.

China ready to hit back at U.S. with rare earths: newspapers

China is ready to use rare earths to strike back in a trade war with the United States, Chinese newspapers warned on Wednesday in strongly worded commentaries on a move that would escalate tensions between the world's two largest economies.

Global stocks steady, yields bounce, metals melt again

Markets saw a modest rebound in risk appetite on Thursday, as traders took a break from selling beaten-down stocks and pumping money into safe-haven bonds and the dollar.

Commerzbank could be fined over late strategy disclosure: Handelsblatt

Germany's financial watchdog Bafin could fine Commerzbank, business daily Handelsblatt reported, adding the lender may have been late in informing markets of a strategic overhaul three years ago.

Trade gloom, rising oil, Boeing 737 MAX woes to cloud aviation summit

Global airlines are meeting under a storm pattern of trade tensions, rising oil prices and a two-month-old grounding of the Boeing Co 737 MAX jetliner - threatening to put a halt to five years of strong profits in the cut-throat air travel industry.