Tuesday, 25 Jun 2024

Business

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Apple to Add $1 Billion Texas Campus and Thousands of Jobs Across U.S.

Apple said Thursday that it would build a new $1 billion campus in Austin, Tex., where it could eventually employ 15,000 people, amid a broader expansion that will create thousands of jobs in several American cities. The company, which has 90,000 workers in the United States, also plans to open 1,000-worker operations in San Diego, […]

Sky Views: Don't switch off… the fall of small energy firms affects us all

Ian King, Business Presenter You might not have noticed, unless you were one of its 36,000 household customers, but earlier this week the energy supplier One Select went bust. Its failure came just days after Spark Energy, which had 290,000 customers, went under. A week earlier, the same fate befell Extra Energy, which had 108,000 […]

S&P 500 ends choppy session little changed

NEW YORK (Reuters) – The S&P 500 ended little changed after a volatile session on Thursday, as investors favored defensive sectors while the biggest drag came from financials and consumer discretionary stocks. Based on the latest available data, the Dow Jones Industrial Average .DJI rose 70.11 points, or 0.29 percent, to 24,597.38, the S&P 500 […]

Brexit Withdrawal Agreement is 'not open for renegotiation' – says Tusk

European Union leaders gave Prime Minister Theresa May assurances on Thursday that they would seek to agree a new deal with Britain by 2021 so that the contentious “backstop” is never triggered. “It is not open for renegotiation,” the 27 national leaders said in a joint statement of the Brexit deal they agreed with May […]

Asian shares wobbly, euro steady after ECB ends QE

TOKYO (Reuters) – Asian shares were on the defensive on Friday as investors kept a wary eye on economic tensions between Washington and Beijing while the euro was steady after the European Central Bank halted new bond purchases as expected. MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.3 percent while Japan’s Nikkei dropped […]

Costco misses quarterly sales estimates, shares fall

(Reuters) – Costco Wholesale Corp (COST.O) on Thursday reported quarterly revenue below Wall Street estimates, as the warehouse club operator cut prices and invested more in its online business to compete with Amazon.com Inc (AMZN.O) and Walmart Inc (WMT.N). Shares of the company were down nearly 4 percent at $218.49 in extended trade. Total revenue […]

IEA sees global oil supply tightening more quickly in 2019

LONDON (Reuters) – The global oil market could move into deficit sooner than expected thanks to OPEC’s output agreement with Russia and to Canada’s decision to cut supply, the International Energy Agency said on Thursday. The Paris-based IEA kept its 2019 forecast for global oil demand growth at 1.4 million barrels per day, unchanged from […]