Month: July 2018

U.S. stocks rose on Monday, giving the Dow and S&P 500 their biggest gains in more than a month, as bank shares jumped ahead of earnings reports later this week. Industrial, energy and consumer discretionary shares also rose sharply, while S&P utilities and telecommunications – among the market’s recent outperformers – led percentage declines. The S&P banks index climbed 2.7 percent, registering its biggest daily percentage gain since March 26. …read more […]

After a rough start, the oil and gas company took off in May and hasn’t looked back. …read more […]

Hewlett Packard Enterprise Co (HPE.N) can boost manufacturing at its facility in Wisconsin if trade tensions with China escalate, Chief Executive Antonio Neri said on Monday. Speaking at a Reuters Newsmaker event in San Francisco, Neri said HPE, whose products are not directly affected by tariffs that took effect last week, could modify production plans if additional tariffs affect its equipment made in China. HPE produces three servers every 10 seconds globally. …read more […]

NEW YORK/WASHINGTON (Reuters) – U.S. President Donald Trump on Monday took aim at Pfizer Inc (PFE.N) and other U.S. drugmakers after they raised prices on some of their medicines on July 1, saying his administration would act in response. “Pfizer & others should be ashamed that they have raised drug prices for no reason.” Trump wrote in a post on Twitter on Monday. Trump had said in May that some drug companies would soon announce “voluntary, massive” cuts in prices, but none have materialized yet. …read more […]

Microsoft all but announced as much via the official Surface account. The …read more […]

Twitter sank more than 8% Monday morning after the Washington Post reported that the social-media company deleted more than 70 million accounts in May and June. Although the report came out on Friday, it wasn’t until after markets had already closed. …read more […]

The newspaper had said the social media company had suspended more than 70 million fake accounts in May and June, leading to a decline of monthly active users in the second quarter. “Most accounts we remove are not included in our reported metrics as they have not been active on the platform for 30 days or more, or we catch them at sign up and they are never counted,” CFO Ned Segal tweeted on Monday. …read more […]