Stock futures are surging after the Fed signaled interest rate cuts may begin as early as July.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
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
President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
PARIS, June 4 (Reuters) - Renault's board triggered on Tuesday a recovery process over Carlos Ghosn's suspect expenses as chairman of the alliance between the French carmaker and its Japanese counterpart Nissan.
Ghosn is facing financial misconduct charges, which he denies, and was freed in April from jail in Japan on a $4.5 million bail.
In a statement issued after reviewing the results of a joint audit mission with Nissan, Renault's board members are asking the group's representatives to liaise with their counterparts at Nissan to explore legal action to recover sums paid for by the Dutch jointly-owned subsidiary Renault-Nissan BV. (Reporting by Mathieu Rosemain Editing by Edmund Blair)