Business News
Symantec reports smaller quarterly loss
(Reuters) – Symantec Corp reported a smaller loss on Thursday as the cyber security company benefited from strong demand for its products from enterprise customers.
Year: 2018
Business News
Wall Street rises on easing inflation concerns
NEW YORK (Reuters) – Wall Street jumped on Thursday, and Apple Inc inched closer to a $1 trillion stock market value, as tepid inflation data eased worries of faster interest rate hikes this year.
Business News
Trump drug-pricing speech adds dose of uncertainty for healthcare investors
NEW YORK (Reuters) – Investors are bracing for widespread volatility in healthcare stocks on Friday, when U.S. President Donald Trump is expected to give a highly anticipated speech about controlling prescription drug prices.
Business News
GM sees custom designs, personal ownership for self-driving cars
(Reuters) – General Motors Co , which plans a ride-sharing fleet of robotaxis for next year, is looking at further business opportunities for self-driving cars, such as custom designs that could be almost unrecognizable from those of today, a top executive said on Thursday.
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Israel, Iran engage in most serious confrontation in Syria
Israeli forces unleashed a heavy bombardment against Iranian military installations in Syria on Thursday in what Israel called retaliation for an Iranian rocket barrage on its positions in the occupied Golan Heights, the most serious military confrontation between the two bitter enemies to date. “If we get rain, they’ll get a flood,” Israeli Defense Minister Avigdor Lieberman warned. The scope of the attacks — which Israel called its largest in Syria since the 1973 Mideast war — raised the specter of a full-fledged war between Iran and Israel in Syria, a conflict that could potentially drag the militant …read more […]
Business News
Wall Street rallies and Apple reaches record high
(Reuters) – Wall Street jumped on Thursday, and Apple hit a record high, as tepid inflation data eased worries of faster interest rate hikes this year.
Business News
Embraer breakup complications are delaying its deal with Boeing: sources
SAO PAULO (Reuters) – The tricky work of divvying up the three business segments of Brazilian planemaker Embraer SA has been delaying an agreement to combine operations with Boeing Co , three people with knowledge of the matter said this week.
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Ford Motor Company (F) Defends Sedan Cuts at Shareholder Meeting
Shareholders questioned Ford Motor Company (NYSE: F) executives at the company’s annual meeting on Thursday, wanting to know why the company announced it will cut its North American sedan lineup by 80 percent. Management defended the decision, and analysts say it was the right move for Ford’s bottom line. In April, Ford announced that over the next few years, the company will be cutting its North American car lineup down to just two models — the Mustang and the Focus Active crossover. …read more […]
Business News
Bank of America affirms gun pledge, hints at Remington loan exit
WILMINGTON, Del. (Reuters) – Bank of America said on Thursday it was standing by its pledge to stop financing civilian assault weapons and suggested it may be preparing to exit a loan for gun maker Remington Outdoor Corp that sparked criticism of the lender.
Business News
Tax cut helping turn U.S. small caps into unlikely source of safety
NEW YORK (Reuters) – The Republican-led corporate tax cut is helping turn the shares of smaller publicly-traded companies in the United States into an unexpected source of stability as the broader stock market wobbles.
Business News
Wall Street rallies on tepid inflation data
(Reuters) – U.S. stocks rose sharply on Thursday, with the benchmark S&P 500 topping a key technical level for the second straight day, after tepid inflation data eased worries of faster interest rate hikes this year.
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Democrats have a weak answer to the Trump tax cuts
Democrats are struggling to come up with an economic plan challenging the Trump tax cuts. …read more […]
Business News
Wells Fargo trims expected hit from regulatory cap on assets
BOSTON (Reuters) – Wells Fargo & Co on Thursday said a cap on the bank’s growth imposed by regulators after sales practices scandals would hurt earnings less than it thought this year, and forecast 2019 expenses below Wall Street expectations.
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Tech Titans Nearing Record-Breaking Level Hang on Nvidia
The NYSE FANG index of firms from Apple Inc. to Netflix Inc. has rallied for 10 out of 11 trading sessions to reach 2,753, less than 1 percent away from a record 2,770 reached in mid-March. Whether that record gets broken sooner than later may hinge on Nvidia Corp., which reports after the close. Santa Clara-based Nvidia is expected to forecast fiscal second quarter revenue of $2.95 billion, up 32 percent from the same time a year ago, according to an average of analyst estimates compiled by Bloomberg. …read more […]
Business News
Oil slips on profit-taking from Iran-based rally
NEW YORK (Reuters) – Crude prices slipped on Thursday, giving up early gains as investors took profit on a rally triggered by potential disruption to oil flows from major exporter Iran in the face of U.S. sanctions.