Business & Financial News, U.S & International Breaking News

New missile gap leaves U.S. scrambling to counter China

American aircraft carriers are the backbone of U.S. military supremacy in Asia. But Xi Jinping's upgraded Rocket Force could render them obsolete in a conflict with China.

New capital for Tesla will come at a cost

A capital raise for Tesla Inc will not come cheap and Chief Executive Officer Elon Musk must finally prove to investors that he can produce and deliver Model 3s and higher margin electric cars on time, Wall Street analysts said on Thursday.

10:12am EDT

Weak industrial earnings drag Wall Street lower

U.S. stocks were pulled lower on Thursday by downbeat earnings from industrial companies, including 3M, although strong results from marquee names Facebook and Microsoft kept the tech-heavy Nasdaq afloat.

11:36am EDT

Putin says U.S. guarantees unlikely to prompt North Korea to de-nuclearize

Russian President Vladimir Putin said after holding his first face-to-face talks with North Korean leader Kim Jong Un on Thursday that U.S. security guarantees would probably not be enough to persuade Pyongyang to shut its nuclear program.

10:26am EDT

U.S. capital goods orders hit record high; weekly jobless claims rise

New orders for U.S.-made capital goods increased by the most in eight months in March, hitting their highest level on record and brightening the outlook for manufacturing and the economy.

11:33am EDT

German ambitions evaporate as Deutsche Bank merger talks with Commerzbank collapse

German hopes of creating a national banking champion able to challenge global competitors were dashed on Thursday when Deutsche Bank and Commerzbank ended merger talks due to the risks of doing a deal, restructuring costs and capital demands.

11:10am EDT

In bail reprise, Ghosn leaves Tokyo jail, agrees to limit contact with wife

Former Nissan Chairman Carlos Ghosn walked out of a Japanese jail for a second time late on Thursday, freed on $4.5 million bail after agreeing to curbs on contacting his wife as he awaits trial on financial misconduct charges.

12:11pm EDT