It's about time to write off high-growth tech stocks, Goldman warned, saying software carries the highest multiples since the tech bubble.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
Boeing said the airline industry will need 44,040 new commercial airplanes by 2038. The market value of those planes would reach $6.8 trillion, up from $6.49 trillion...Airlinesread more
Apple is reportedly building three new iPhones for 2020, including two with 5G. It may also slightly change the screen sizes of the new iPhones.Technologyread more
Sotheby's announces it has signed an agreement to be acquired by BidFair USA, a venture owned by art collector Patrick Drahi.Marketsread more
Overall, extortion by email is growing significantly, according to the FBI's Internet Crime Compliant Center (IC3). Last year, these complaints rose 242% to 51,146 reported...Technologyread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
Target's nationwide cash register meltdown over the weekend created more than $16 million in buzz on the internet from news reports and other social media mentions, according...Retailread 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
The top court scrapped a ruling from the Oregon Court of Appeals in favor of the same-sex couple. The owners of the bakery, which refused the make the cake due to religious...Politicsread more
Boeing reached a deal with British Airways to provide parts for some of its plane's made by rival manufacturer Airbus, part of Boeing's push to grow its services business.Airlinesread more
European stocks rebounded Thursday as Germany's 5G auction drove the telecoms index higher, while a tanker incident caused oil prices to surge.
The pan-European Stoxx 600 recovered from a 0.2% fall after the opening bell to climb 0.1% during the afternoon session. Basic Resources led gains with a 1.6% rise, while media stocks traded down around 0.7%.
Oil prices rebounded nearly 3% Thursday amid reports of a tanker incident in the Gulf of Oman.
International benchmark Brent crude traded at around $61.65 during afternoon deals, up 2.8%, while U.S. West Texas Intermediate (WTI) stood at $52.76, up 3.2%.
U.S. President Donald Trump struck a slightly more positive tone on the U.S.-China trade war Wednesday, but again threatened to increase tariffs on Chinese goods if no deal is agreed, deeming relations between the world's two largest economies "testy" and doing little to assuage global trade fears.
In Asia, stocks mostly fell Thursday afternoon after a second straight day of declines on Wall Street. Hong Kong's Hang Seng index closed 1.73% lower amid violent clashes between protesters and riot police over a controversial extradition bill.
Back in Europe, Luxembourg Prime Minister Xavier Bettel told CNBC's Silvia Amaro on Thursday that there would be no renegotiation of the U.K.'s departure deal with the European Union. The reminder came as Conservative party candidates vying to replace Prime Minister Theresa May, each with their own lofty Brexit plan, faced a first vote among the party's MPs.
Eurosceptic former Foreign Secretary Boris Johnson, who launched his campaign with a promise to take Britain out of the EU on October 31 with or without a deal, secured the most secret ballots with 114, while his successor Jeremy Hunt came a distant second with 43 votes.
The Swiss National Bank (SNB) stuck to its ultra-loose monetary policy on Thursday and blamed rising trade tensions between the United States and China for a spike in the safe-haven Swiss franc.
In corporate news, Germany raised 6.55 billion euros ($7.4 billion) in its auction of spectrum for 5G mobile services, the Federal Network Regulator (BNetzA) said after a contest lasting nearly three months that will see a fourth operator enter the market.
That fourth operator was German telecommunications provider 1&1 Drillisch, which saw its share price climb 5% in afternoon trade as investors reacted to the news. Shares of United Internet, 1&1 Drillisch's parent company, also rose by 3.6%.
British plumbing company Ferguson topped the Stoxx 600 in afternoon deals, jumping 6.1% after activist fund Trian Fund Management announced it had built a 6% stake.
At the other end of Europe's blue chip index, British copper producer Aurubis was down 7.5% after its CEO was dismissed early amid rising project costs.