U.S. sales of new vehicles are expected to jump 13.8% in September, which would be the second straight month of double-digit sales as a strike hampers production at the Big Three carmakers.
Banking: Citigroup in talks to sell China retail-wealth unit to HSBC: Reports
Citi moves to sell unit to HSBC two years after revealing plans to focus on commercial banking.
: Ryan Cohen becomes GameStop CEO and social media reacts: ‘Changing the paradigm on Wall Street’
GameStop shares surged in pre-market trades Thursday after activist investor Ryan Cohen was named CEO
: Chico’s FAS to be taken private by Sycamore Partners in $1 billion deal, sending stock up 63%
Clothing retailer’s board has approved the deal which will take the company private.
Europe Markets: Ams-OSRAM loses a quarter of market value as traders balk at $2.1 billion fundraising
Ams-OSRAM lost more than a quarter of its market value on Thursday after the heavily-indebted electronics groups set out plans to raise more than €2 billion ($2.1 billion) as it strives to bolster its balance sheet.
Banking: JPMorgan Chase to offer 6% interest rate for minimum of $5 million in high-end CD product: WSJ
Six-month certificate of deposit (CD) with 6% interest rate is being offered for a limited time to fresh money coming into the bank.
Need to Know: Fear on Wall Street? Shake it off, advise these strategists.
So much gloom and fear around. Our call of the day from HSBC says the bar is low enough for a positive surprise. Here’s how you invest for that.
: GameStop’s stock jumps after billionaire investor Ryan Cohen named CEO
GameStop’s stock surged Thursday after the consumer electronics retailer named Ryan Cohen as its president and CEO, effective immediately.
: Bionomics’ stock rallies 300% after company reports positive results in trial of PTSD treatment
The stock of microcap Bionomics Ltd. rose 300% Thursday, after the company reported positive results from a mid-stage trial of a treatment for PTSD.
Bond Report: 10-, 30-year Treasury yields remain near multi-year highs even as buyers re-emerge
Buyers of U.S. government debt emerge to counteract a round of selling seen earlier on Thursday.
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