Uber Technologies, Inc. and Cruise LLC, the autonomous vehicle company owned by General Motors Co., are joining to offer Cruise autonomous vehicles through the Uber platform. The companies, which are revolutionizing transportation, agreed on a multiyear strategic partnership that will be launched next year. Under the deal, a number of Chevy Bolt-based autonomous vehicles will...
The Japanese yen retreated from recent highs against other major currencies in the Asian session on Friday, as traders remain reluctant to continue buying stocks ahead of the Kansas City Feds Jackson Hole Economic Symposium, which gets underway later in the day. They look ahead to Fed Chair Jerome Powells comments for further clarity about...
The pound advanced against its major counterparts in the New York session on Wednesday, ahead of the release of the Federal Reserves July meeting minutes that could provide greater clarity on monetary policy easing. Remarks by Fed Chair Jerome Powell and other Fed officials at the Jackson Hole Economic Symposium later in the week may...
European stocks closed broadly higher on Wednesday, thanks largely to gains in the mining sector. The undertone remained firm amid continued optimism about an interest rate cut by the Federal Reserve next month. The Labor Department today revealed the U.S. economy created 818,000 fewer jobs than originally reported in the twelve-month period ended March 2024....
The Switzerland market ended marginally down on Wednesday after spending much of the days session in negative territory, as investors largely refrained from making significant moves, choosing to wait for more clarity about the quantum of interest rate cut by the Federal Reserve. The benchmark SMI ended down 16.45 points or 0.13% at 12,250.11, after...
Frances private sector expanded in August for the first time since April driven by the upturn in services activity, flash survey results from S&P Global showed on Thursday. The composite output index rose to 52.7 in August from 49.1 in July. The score was forecast to remain unchanged at 49.1. This was the first time...
Asian shares rose broadly on Thursday, though a cautious undertone prevailed ahead of the annual conference of central bankers at Jackson Hole, Wyoming, where Fed Chair Jerome Powell may provide important clues on the likely policy ahead for U.S. monetary policy. Investors are waiting for fresh clues about how deeply and quickly the U.S. central...
Shares of Swiss Re Ltd. were gaining more than 3 percent in the morning trading in Switzerland after the reinsurer reported Thursday higher profit in its first half with improved insurance revenues, supported by strong contributions from all business units. Swiss Res Group Chief Executive Officer Andreas Berger said, After a strong start in the...
German stocks were modestly higher on Thursday as a preliminary survey showed German business activity contracted in August for a second consecutive month and by more than expected, reinforcing investor bets on a September ECB rate cut. Dovish Fed expectations also underpinned sentiment following the release of minutes from the Federal Reserve meeting and a...
French stocks advanced on Thursday as a survey showed Frances private sector expanded in August for the first time since April, driven by the upturn in services activity. The composite output index rose to 52.7 in August from 49.1 in July, according to flash survey results from S&P Global. The score was forecast to remain...