Business News
Oracle first-quarter revenue up 1 percent
Business software maker Oracle Corp reported a 1 percent rise in quarterly revenue on Monday, helped by growth in its cloud services and license support business.
Month: September 2018
Business News
Trade tensions weigh on Wall Street
U.S. stocks fell on Monday, led by declines in technology and consumer discretionary stocks, as investors looked to President Donald Trump’s announcement regarding tariffs on $200 billion of Chinese imports.
Business News
U.S. review of CVS deal for Aetna may end soon: source
The U.S. Justice Department’s antitrust review of CVS Health Corp’s planned purchase of Aetna Inc may conclude soon, a source familiar with the review said on Monday.
Trading Ideas
Pollution fears: Swollen rivers swamp ash dumps, hog farms
Flooded rivers from Florence’s drenching rains have swamped coal ash dumps and low-lying hog farms, raising pollution concerns as the swollen waterways approach their crests Monday. North Carolina environmental regulators say several open-air manure pits at hog farms have failed, spilling pollution. State officials also were monitoring the ongoing threat from the breach of a Duke Energy coal ash landfill near Wilmington. …read more […]
Business News
Trump says he will announce decision on China tariffs after market close
U.S. President Donald Trump said on Monday he would announce his latest plan on China tariffs after the markets close, with expectations he would level them on about $200 billion of Chinese imports.
Business News
Wall Street down as trade tensions weigh on tech, consumer discretionary stocks
U.S. stocks fell on Monday led by declines in Apple and Amazon as investors took profits ahead of President Donald Trump’s expected announcement of new tariffs on $200 billion of Chinese imports.
Business News
Most U.S. states lack reserves to weather next recession: S&P
While U.S. states’ financial health has strengthened in 2018 compared with last year, fewer than half have enough financial reserves to weather the first year of a moderate recession, according to an S&P Global Ratings report on Monday.
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Coca-Cola Would Be a Great Partner, Aurora Cannabis CEO Says
Sep.17 — Terry Booth, Aurora Cannabis Inc. chief executive officer, discusses the possibility of developing cannabis drinks with Coca-Cola Co. He speaks with Bloomberg’s Amanda Lang and Shery Ahn on “Bloomberg Markets.” …read more […]
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Fitbit erases its losses after report says smartwatches won't be on tariff list (FIT)
Fitbit shares erased their losses after a Bloomberg report said the US won’t include smartwatches in the next round of tariffs. The Asia-Pacific market was a bright spot for the company. Fitbit shares erased their losses after Bloomberg reported the US won’t include smartwatches on the list of $200 billion worth of Chinese goods that will be hit with upcoming tariffs. …read more […]
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U.S. to spare some Apple products from latest China tariffs: Bloomberg
A product code that covers the Apple goods and similar smart watches and fitness trackers made by competitors including Fitbit Inc (FIT.N) is not on the list of Chinese products that will attract a tariff, Bloomberg reported. The United States is preparing to announce tariffs on an additional $200 billion worth of Chinese goods, top White House economic adviser Larry Kudlow said on Monday, as part of an intensifying trade dispute between the world’s two largest economies. …read more […]
Business News
Coke eyes cannabis-infused drink market
Coca Cola Co said on Monday it was looking closely at the growing marijuana-infused drinks market, responding to a media report that the world’s largest beverage maker was in talks with Canada’s Aurora Cannabis Inc .
Business News
U.S. to spare some Apple products from latest China tariffs: Bloomberg
The United States will spare some technology products including Apple Inc’s Watch and AirPods from the next round of tariffs it is imposing on Chinese goods, Bloomberg reported on Monday, citing two people familiar with the matter.
Business News
Trump adviser eyes entitlement cuts to plug U.S. budget gaps
A top economic adviser to President Donald Trump said on Monday he expects U.S. budget deficits of about 4 percent to 5 percent of the country’s economic output for the next one to two years, adding that there would likely be an effort in 2019 to cut spending on entitlement programs.
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Elon Musk sued by British cave diver over 'pedo guy' tweets
Vernon Unsworth, a British cave diver who helped rescue 12 Thai children trapped in a cave in July, is suing Tesla CEO Elon Musk for libel and slander, according to the lawsuit filed in a U.S. district court in California. …read more […]
Business News
Goldman names Tim O’Neill as vice-chairman: memo
Goldman Sachs Group Inc named Tim O’Neill as its vice-chairman, according to an internal memo seen by Reuters, the latest top-level appointment ahead of David Solomon taking charge as chief executive officer of the Wall Street bank.