Northrop Grumman Corp CEO Wes Bush faced tough questions from U.S. lawmakers about the delays and growing price tag for NASA’s James Webb Space Telescope and rebuffed the idea that the company, rather than taxpayers, should pay an $800 million cost overrun.
Facebook’s slump set the Nasdaq on pace for its biggest drop in a month, but industrial stocks rose after the United States and the European Union said they would negotiate on trade.
John Schnatter, the founder and ousted former chairman of Papa John’s International Inc , on Thursday sued the pizzeria chain, complaining that the company had not provided adequate response to an earlier request for internal documents.
U.S. oil and gas producer ConocoPhillips posted better-than-expected quarterly profit on Thursday thanks to rising crude prices, prompting executives to boost capital spending and production targets for the year. The new targets are a bullish bet that oil prices, which have surged more than 15 percent since January, are not likely to drop in the near future, helping Conoco exploit its lucrative shale acreage around the United States. Houston-based ConocoPhillips, the world’s largest independent oil and gas producer, is one of the first major U.S. oil producers to report …read more […]
Serious question marks emerge in Europe as Jean-Claude Juncker and Donald Trump’s agreement delays trade war between the EU and the US. …read more […]
Fiat Chrysler said it knew nothing about the medical condition of Sergio Marchionne after a Swiss hospital said on Thursday it had been treating the deceased chief executive for more than a year.
Walmart Inc has chosen Capital One Financial Corp as the new issuer of its store credit card, ending a partnership with Synchrony Financial, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
NEW YORK/SAN FRANCISCO (Reuters) – A plunge in Facebook Inc shares rattled the Amazon.com Inc options market on Thursday, with the social network’s fellow FAANG company due to report quarterly results later in the day. Facebook on Wednesday warned about a margin hit as revenue growth slows and user privacy costs climb, and its 20 percent share drop heightened focus on the online retailer, already a closely watched stock. Amazon was the second-biggest decliner in the so-called FAANG group of high-flying tech companies, but Facebook’s second-quarter earnings also cast a pall on shares of Apple Inc, Netflix Inc …read more […]
Ryan McQueeney recaps the latest earnings results from Facebook (FB), AMD (AMD), and McDonald’s (MCD)–all of which are moving markets on Thursday. Later, he dives into key estimates for earnings, revenue, cloud services, and physical store sales ahead of Amazon’s (AMZN) earnings announcement. …read more […]
A plunge in Facebook Inc shares rattled the Amazon.com Inc options market on Thursday, with the social network’s fellow FAANG company due to report quarterly results later in the day.
Facebook’s slump set the Nasdaq on pace for its biggest drop in a month, but the contagion was contained by a rise in trade-sensitive stocks after the United States and the European Union said they would negotiate on trade.
World stock markets struggled to hold on to four-month highs on Thursday as a record sell-off in shares of Facebook Inc offset optimism that the European Union and the United States would settle their differences on trade.
It looks like Donald Trump’s tweets are getting him into trouble yet again. …read more […]
Facebook, AMD, and Gilead are the charts of the day …read more […]
McDonald’s Corp missed quarterly U.S. same-store sales estimates for the first time in at least two years amid fierce competition in a slack restaurant market, sending its shares down as much as 2.3 percent in midday trading.
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