U.S. loan applications to refinance existing homes fell to their lowest in over 17-1/2 years even as most 30-year home borrowing costs fell last week, data from the Mortgage Bankers Association showed on Wednesday.
AT&T Inc. said it’s investing in Magic Leap Inc., the augmented reality headset startup, forming a partnership that will also make it the “exclusive wireless distributor” for Magic Leap products in the U.S. Financial terms of the deal were not disclosed, but a spokesperson for Magic Leap said AT&T’s investment completes the company’s latest fundraising round, which the company said in March totaled $963 million. Magic Leap has raised more than $2.3 billion overall and has been valued at more than $6 billion. …read more […]
U.S. stocks opened lower on Wednesday, halting a four-day run of gains after the United States threatened to impose tariffs on an additional $200 billion worth of Chinese goods.
U.S. producer prices increased slightly more than expected in June amid gains in the cost of services and motor vehicles, leading to the biggest annual increase in 6-1/2 years.
U.S. stocks were set to open lower on Wednesday, halting a four-day run of gains after the United States threatened to impose tariffs on an additional $200 billion worth of Chinese goods, dampening hopes of a compromise on trade.
The news comes a day after the company decided to defer drug price increases for no more than six months, following criticism from U.S. President Donald Trump for raising list prices of some medicines. The units would be Innovative Medicines, Established Medicines and Consumer Healthcare. The company is currently split into two units – Innovative Medicines, which includes the consumer business, and Essential Health. …read more […]
The euro fell on Thursday after Washington threatened 10 percent tariffs on $200 billion worth of Chinese imports in an escalating trade conflict that has heightened worries that the euro zone economy could be hurt.
U.S. producer prices increased slightly more than expected in June amid gains in the cost of services and motor vehicles, leading to the biggest annual increase in 6-1/2 years.
Canadian coffee chain Tim Hortons is pushing into China with plans to open 1,500 outlets in the world’s second largest economy over the next 10 years, the company said on Wednesday.
Global oil benchmark Brent fell more than $2 a barrel on Wednesday after U.S. President Donald Trump threatened to levy new tariffs on China and Libya announced the reopening of key oil export terminals.
Two perspectives on investing in the fast-growing — and risky — cannabis industry. …read more […]
U.S. stock index futures dropped sharply on Wednesday after the United States threatened tariffs on an additional $200 billion worth of Chinese goods, dampening hopes of a compromise on trade.
The aviation giant is well on is its way to achieving its strategic aims and its end markets remain strong. …read more […]
U.S. drugmaker Pfizer Inc said on Wednesday it would reorganize its business into three units and one of them would include a new hospital business segment.
Shares of the largest U.S. retailer Walmart (NYSE:WMT) for the year-to-date are lower by around 12%, which inflicted pain on plenty of chart chasers in the early part of the year. For the past four months, WMT stock has found itself in a new consolidation phase which, in my eye, now stands a good chance of resolving to the upside for a trade. Among the retailer analyst community, I am currently hearing a debate whether the “trade war” fears would serve as headwinds or tailwinds for a name like Walmart. …read more […]
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