"That's my view. They'll cut preemptively in June. That is to say Wednesday," says the Grant's Interest Rate Observer newsletter editor.Economyread more
Sotheby's announced Monday that it's signed an agreement to be acquired by BidFair USA, a venture owned by art collector Patrick Drahi.Marketsread more
Iran will surpass the internationally agreed levels of its low-enriched uranium levels in 10 days, the country's atomic energy body said Monday.Politicsread more
The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
It's about time to write off high-growth tech stocks, Goldman Sachs warned, saying the double whammy of sky-high valuation and elevated regulation is becoming a "hazard" to...Marketsread more
Ross played down the prospect of an agreement being reached at the G-20 meeting in Osaka on June 28-29.Paris Airshowread more
Boeing is scrambling to restore confidence in the 737 Max from regulators, customers and the flying public.Paris Airshowread more
Google CEO Sundar Pichai said in a CNN interview that while the company will work to remove as much harmful content as possible, the company can't remove 100% of it.Technologyread more
The chipmaker crush could persist and investors should be selective, but Nvidia looks like a clear buy, one market watcher says.Trading Nationread more
In a rare downgrade for the stock, Imperial Capital lowered its rating for Disney to in-line from outperform and maintained its target price of $147.Investingread more
Atlassian is releasing a document that's meant to simplify the negotiation of terms for acquisitions. That way the buyer and seller can focus on more important topics, like...Technologyread more
European markets closed up by only a tiny margin Thursday afternoon as investors reacted to merger and acquisition news and looked ahead to fresh economic data.
The pan-European Stoxx 600 swung both higher and lower in Thursday's trading, closing up 0.02 percent and with major bourses and sectors pointing in different directions.
Telecoms rallied 1.28 percent with France's Orange leading the charge, closing up 2.32 percent. The company announced Thursday that investments would peak in 2018 at 7.4 billion euros ($8.7 billion) as it spends on networks to grow its customer base.
Banks were 0.85 percent higher.
Europe's travel and leisure stocks did well earlier in the day, eking out some gains in afternoon trade. They closed up 0.53 percent. Shares of Ladbrokes Coral topped the Stoxx 600, up just over 29 percent after bookmaker GVC Holdings offered to buy the firm for £3.9 billion. The move could create an online betting giant from both London-listed brands.
Basic resources stocks were down on softer copper prices, and finished the day's trading 0.24 percent lower.
Steinhoff tumbled to the bottom of the benchmark Thursday. The South African retailer extended dramatic losses from the previous session, after it revealed accounting irregularities and its chief executive resigned. Its shares closed over 46 percent lower Thursday.
Brexit will continue to linger at the back of investors' minds. A spokesperson for Theresa May, stated that the British prime minister would discuss the desired "end state" when it comes to Brexit with her leading team of ministers before the year is out, according to Reuters.
Meanwhile, lawmakers from the British parliament's Upper House have said that the U.K. should avoid a worst-case scenario of having a "no deal" outcome when it comes to Brexit.
U.S. President Donald Trump's recognition of Jerusalem as the capital of Israel Wednesday triggered a backlash from Arabs and Muslims across the Middle East. In addition, the United Nations and the European Union both voiced concern about the decision and the repercussions it would have on the peace-making process between Israel and Palestine.
Tax reform remained high on the agenda for investors worldwide. On Wednesday, the U.S. Senate voted to go to a conference committee with the House, in order to negotiate a plan when it comes to overhauling the current tax system. The Senate voted 51-47 in favor of forming a conference committee, as Republicans hope a tax proposal can be agreed upon by the Christmas holiday.