Facebook expands Messenger to order flowers and shop via chats
Facebook unveils Messenger updates to let users order flowers and buy shoes through direct messages with businesses. It will test paid sponsored messages to reengage existing customers while expanding chatbots and developer tools.
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IMF lowers global growth forecast amid China's slowdown
The IMF raises China growth to 6.5 percent this year from 6.3 percent in January while cautioning on a transition to consumer-led expansion. Japan faces 0.5 percent growth with a looming consumption tax hike and a rising yen. The euro area is seen expanding 1.5 percent as the eurozone struggles with high debt and weak spending. Brazil, Nigeria, and Sub-Saharan Africa face slowdowns amid commodity price declines and political turmoil.
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Ford to redesign Dearborn campuses over 10 years
Ford Motor Co plans a decade long overhaul of its Dearborn facilities to foster collaboration, add walking paths, athletic fields, and green space. More than 30 000 employees across 70 buildings will move to two main campuses with shuttles and autonomous vehicles, upgrading over 7.5 million square feet of space. Construction starts at the Research and Engineering Center open since 1953, aiming to double building staffing and modernize offices while cutting water use and energy costs in half.
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Obama hints Clinton campaign marks progress on women rights
In New York on Tuesday President Obama suggested Clinton's bid represents historic progress toward equality for women. He spoke at a round table hosted by Glassdoor and urged that society be astonished at past pay gaps and underrepresentation in boardrooms and the Oval Office. He noted the path remains uncertain but advancing.
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Energy Stocks Rally as Oil Follows Price Upward
Energy stocks led gains as crude oil climbed, with the S&P 500 energy sector up nearly 3 percent. Treasuries fell as the 10 year yield rose to 1.77 percent. The euro slid to 1.1397 dollars while the dollar strengthened to 108.53 yen. Heating oil, wholesale gasoline, and natural gas all rose, and metals closed higher with gold at 1260.90, silver at 16.22, and copper at 2.15 per pound.
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