Stocks rose sharply on Thursday after the Federal Reserve hinted at possible interest rate cuts as soon as next month.US Marketsread more
The billionaire investor believes the stock market is in a "zone of fair value" at current levels.Marketsread more
The Federal Reserve may be on its way to delivering a half-point interest rate cut next month, according to Goldman Sachs economists.Economyread more
However, Slack chief Stewart Butterfield says, "The broader world of email will stick around."Technologyread more
Crude oil prices jump on news of the attack, which Iran says happened over its territory.World Politicsread more
Apple is considering moving some production from China as it is expected release of its new iPhone line this fall, The Wall Street Journal reported.Technologyread more
Workplace messaging firm Slack is about to go public in a red-hot IPO market, but it's approach to going public--using a "direct listing"--is slightly different than an IPO.Trader Talk with Bob Pisaniread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
National Securities' Art Hogan sees the U.S.-China trade war as the market's biggest risk – not Fed policy.Trading Nationread more
The Philadelphia Federal Reserve's manufacturing gauge tumbled this month, solidifying the Fed's case for easier monetary policy.Economyread more
Declining traffic to Olive Garden, Darden's top restaurant chain, resulted in weaker-than-expected revenue for its fiscal fourth quarter.Restaurantsread more
Hitachi said it hopes to join Mitsubishi Heavy Industries and Siemens AG in their joint bid for Alstom SA's energy assets, which the Nikkei newspaper said would be worth 1 trillion yen ($9.80 billion).
A three-party bid would give the group greater financial firepower and flexibility to counter a rival $17 billion bid for the French company's power business by General Electric.
Hitachi and Mitsubishi Heavy are no strangers to each other. They merged their thermal power businesses at the start of this year.
"Mitsubishi Heavy is our partner. We want to work together with them," Katsumi Nagasawa, head of Hitachi's power systems group, told a briefing on Hitachi's business on Thursday. He said the joint Siemens-Mitsubishi Heavy bid was "great news".
The Nikkei said earlier on Thursday that the two Japanese companies would set up a joint venture to bid for Alstom's steam turbine operations, which it said would be valued at 500 billion yen ($4.90 billion).
Mitsubishi Heavy would hold 65 percent and Hitachi 35 percent of the venture, matching the shareholdings in their existing thermal power partnership, the paper added.
Siemens is expected to offer 500 billion yen for Alstom's gas turbine business, while Alstom's power grid business would be excluded from the deal, the Nikkei said.
Follow us on Twitter: