U.S. stock index futures rose on Thursday, as upbeat earnings from Cisco and Walmart overshadowed concerns over strained trade ties between the United States and China after Washington blacklisted telecom equipment giant Huawei.
Worried that current low inflation expectations will sap the U.S. central bank's ability to combat a future downturn, two Federal Reserve officials on Thursday made an unusual pitch: if inflation rises unexpectedly, the Fed should lay out the welcome mat.
Boeing Co said on Thursday that it had completed development of a software update for its 737 MAX jets, which have been grounded after they were involved in two fatal crashes.
RIYADH: Saudi Arabia has reopened a key oil pipeline, an official said on Thursday (May 16), after it was shut down by drone attacks claimed by Iran-aligned Yemen rebels. The official from state oil giant Aramco told AFP that the East West Pipeline "is fully operational". Yemen's Huthi rebels...
WASHINGTON/BEIJING: A U.S. bid to block China's Huawei Technologies from buying vital American technology threw into question sales from some of the largest tech companies and drew a sharp rebuke on Thursday from Beijing, which warned it could hurt trade talks. Shares of Huawei's U.S. suppliers ...
Microsoft Corp and Sony Corp on Thursday said they struck a strategic partnership in which Sony would use Microsoft's cloud for streaming games and media and the two would work together to develop new image sensors.
BEIJING: The US crackdown on Huawei has made the Chinese telecommunications giant the flashpoint in a monumental economic and technological showdown between the two superpowers that is testing allies of both. One day after the US moved to block Huawei from the US market and banned the export of US...
REUTERS: Walmart Inc said on Thursday that prices for shoppers will rise due to higher tariffs on goods from China as the world's largest retailer reported its best comparable sales growth for the first quarter in nine years. Bentonville, Ark. based-Walmart called out the impact of tariffs on ......
The National Transportation Safety Board said on Thursday that Tesla Inc's Autopilot feature was engaged during a fatal March 1 crash of a 2018 Model 3 in Delray Beach, Florida, in the latest serious crash reported involving the driver-assistance system.
Five U.S. states on Thursday filed lawsuits accusing Purdue Pharma LP of illegally marketing and selling opioids, including OxyContin, contributing to a nationwide epidemic.
