News

Renault Group will cut 300 jobs at a van factory in northern France, the carmaker said on Tuesday, responding to slowing European demand for commercial vehicles in the face of growing economic uncertainty. The French company, which is the European van market leader under its Renault brand, makes about 14% of its sales from the vehicles used by delivery companies and tradesmen. A Renault spokeswoman said that 300 of the interim staff will not have their contracts renewed when they expire.

Wallets linked to Mt. Gox still hold $2.9 billion of assets, which are due to be paid out to creditors this October.

More Pain to Come in Crypto; Bitcoin Headed to $73K: 10X Research

The department store is attempting another turnaround.

The storied investment bank has forecast GDP growth to come in below Wall Street’s consensus for the first time in 2½ years.

JPMorgan Chase CEO Jamie Dimon is unsurprised by President Trump’s push for lower inflation and interest rates—but warns that doesn’t mean the Oval Office can control them.

U.S. equities were mostly lower at midday on continuing worries about new tariffs and economic growth.

Job openings increased slightly in January, but the data broadly reflected a cooling labor market with several metrics hovering near multiyear lows.

President Donald Trump announced tariffs on steel and aluminum coming from Canada by 25%, but the administration later walked them back.

(Bloomberg) -- Around his 71st birthday, Larry Fink began to blue-sky about the future.Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsWhere New York City's Zoning Reform Will Add HousingInside the ‘Not Architecture’ of High Line Designers Diller Scofidio + RenfroElectric Construction Equipment Promises a Quiet RevolutionWhat would it take, the billionaire mused with associates, to really grow the f