Asian stocks tracked Wall Street losses and edged down in early trade on Friday, but the dollar was buoyant after ending a long losing run ahead of a speech by Federal Reserve Chairman Jerome Powell.
The operational-intelligence platform company just beat expectations for the 15th straight time. Here’s what investors need to know. …read more […]
Increasing consensus at the Federal Reserve on the need to continue raising U.S. interest rates was on display at the start of a global central bankers meeting here, as the longstanding distinction between so-called policy hawks, centrists and doves blurs in the face of falling unemployment.
Citing possible electronic problems, the Mexican unit of Fiat Chrysler issued a recall notice to the owners of more than 122,000 vehicles, Mexico’s consumer watchdog Profeco said on Thursday.
It’s going to take years, but the rewards could be massive. …read more […]
Gap Inc’s namesake brand reported a bigger-than-expected drop in quarterly same-store sales on Thursday, sending shares down nearly 7 percent in after-hours trade even as the apparel retailer beat Wall Street profit expectations and posted strong revenue.
Britain’s biggest carmaker Jaguar Land Rover (JLR) has given the go-ahead to production of an electric version of its E-type sports car with first deliveries planned for the summer of 2020, the company said on Thursday.
The New York man who spent nearly 3-1/2 years as a fugitive after being charged with trying to defraud Facebook Inc founder Mark Zuckerberg out of half of the social media company has been arrested in Ecuador and may be extradited, U.S. prosecutors said on Thursday.
U.S. and Chinese officials ended two days of talks on Thursday with no major breakthrough as their trade war escalated with activation of another round of dueling tariffs on $16 billion worth of each country’s goods.
WASHINGTON/BEIJING (Reuters) – U.S. and Chinese officials ended two days of talks on Thursday with no major breakthrough as their trade war escalated with activation of another round of dueling tariffs on $16 billion worth of each country’s goods. “We concluded two days of discussions with counterparts from China and exchanged views on how to achieve fairness, balance, and reciprocity in the economic relationship,” White House spokeswoman Lindsay Walters said in a brief emailed statement. The discussions included “addressing structural issues in China,” including its intellectual property and technology transfer policies, Walters said. …read more […]
Apparel retailer Gap Inc’s namesake brand reported a bigger-than-expected drop in quarterly same-store sales, overshadowing strength in revenue and profit beat and pushing the company’s shares down nearly 7 percent in after-market trading on Thursday.
This dividend-paying tech stock may soon be getting a juicier payout. …read more […]
The United States and China concluded two days of discussions on trade on Thursday and discussed “how to achieve fairness, balance, and reciprocity in the economic relationship, including by addressing structural issues in China,” the White House said.
Tesla and Apple compete for the same talent in fields like software, batteries, supply chain, and mechanical engineering. So there has always been a lot of employees that jump from one company to the other.But recently, the flow has been going from Tesla to Apple, according to CNBC, which says that the iPhone maker has poached at least 46 employees from Tesla in 2018. Tesla CEO Elon Musk once said that “if you don’t make it at Tesla, you go work at Apple.” …read more […]
Microsoft Corp is being investigated by U.S. authorities over potential bribery and corruption related to software sales in Hungary, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
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