U.S. stock futures are indicating a sharply higher Thursday open on Wall Street, as the Fed's dovish stance fuels hopes for future interest rate cuts.Morning Briefread more
Stock futures are surging after the Fed signaled interest rate cuts may begin as early as July.US Marketsread more
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President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
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China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
This month's chipmaker stock surge hasn't been enough to escape correction territory. One technician says relief could be ahead for the slammed semis.Trading Nationread more
Xerox said on Thursday it will implement a structure in which the printer maker will become a wholly owned unit of a new holding company.
The reorganization is expected to be implemented in mid-2019 and the new holding company's shares will trade on the New York Stock Exchange under its current ticker "XRX".
A holding company structure allows a firm to lower its tax bill, protect patents and diversify its unit's businesses efficiently. In 2015, Google formed a holding company, Alphabet, with distinct units under it.
Xerox scrapped a complex deal last year to merge with Fujifilm Holdings after it ran into strong opposition from activist investors Carl Icahn and Darwin Deason.
In the last two quarters, Xerox topped profit estimates and undertook initiatives to streamline its business under the new management led by Chief Executive Officer John Visentin, an Icahn appointee.