Trade tariffs were partly to blame for lowered full-year forecasts by General Motors Co and Fiat Chrysler Automobiles NV (FCA) on Wednesday, pummeling the stocks of both automakers as investors feared worse is yet to come.
The S&P 500 was flat on Wednesday as gains in technology shares offset weak earnings from Boeing, General Motors and AT&T, while investors eyed a meeting between President Donald Trump and head of the European Commission on trade.
U.S. weapons maker Northrop Grumman Corp reported earnings on Wednesday that exceeded analysts’ profit estimates, but frustrated investors betting on an even better quarter after rival Lockheed Martin Corp’s strong results earlier this week. Northrop’s shares fell 6.2 percent at the start of trading after reporting its first results to include its $7.8 billion acquisition of rocket-maker Orbital ATK. Northrop also raised its earnings forecast for 2018, which it expected to be led by sales of parts used in fighter jets as well as a lower tax rate. …read more […]
At least a dozen companies and government agencies have been targeted and thousands more are exposed to data breaches by hackers exploiting old security flaws in management software, two cyber security firms warned in study published on Wednesday.
Boeing Co reported better-than-expected profit and revenue on Wednesday, but cut the full-year forecast for its defense business margins, citing $426 million in higher costs on its long-delayed KC-46 aerial refueling tanker program.
Former Fiat Chrysler chief executive Sergio Marchionne, one of the auto industry’s most tenacious and respected auto chiefs, has died, succumbing to complications from surgery.
Some European companies are rethinking their strategies to cushion the impact of trade tensions between the world’s two biggest economies, the United States and China.
A Mega Millions lottery drawing on Tuesday determined a ticket sold in California has winning numbers for an estimated jackpot of $522 million. Then, winners should call the lottery association, and assemble a team to manage the money. One lucky lottery winner could soon get their hands on over half a billion dollars. …read more […]
U.S. President Donald Trump accused China on Wednesday of targeting American farmers in a “vicious” way and using them as leverage to get concessions on trade. “China is targeting our farmers, who they know I love & respect, as a way of getting me to continue allowing them to take advantage of the U.S. They are being vicious in what will be their failed attempt. American farmers have been a particular target in the global clash over trade policy as other countries seek to retaliate for U.S. duties on Chinese goods as well as on steel and aluminum …read more […]
A three-day stocks rally was threatening to stall on Wednesday, as markets waited for a meeting between U.S. President Donald Trump and European Commission chief Jean Claude-Juncker to see where the global trade war was heading next.
U.S. stocks were set to open lower on Wednesday as earnings reports from Boeing and General Motors failed to impress, ahead of a closely watched meeting between President Trump and European Union officials on trade.
At least a dozen companies and government agencies have been targeted and thousands more are exposed to data breaches by hackers exploiting old security flaws in management software, the U.S. government warned on Wednesday based on a new report.
A long-running legal battle between global chocolate giants over the shape of KitKat finger wafers was sent back to the EU’s trademark office on Wednesday after judges dismissed appeals by both companies.
J.P. Morgan reiterates its overweight rating for Twitter shares, predicting the company will generate second-quarter sales above expectations. …read more […]
President Donald Trump is firing back at his longtime personal attorney Michael Cohen after the release of a recording Cohen secretly made of a conversation between the two men. The tape, made two months before the 2016 presidential election, captures Trump discussing a potential payment for a former Playboy model’s account of having an affair with him. The tape appears to contradict the Trump campaign’s later claim that Trump knew nothing about payments to a media company to keep model Karen McDougal’s story from becoming public. …read more […]
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