Business News
Amazon launches curbside pickup at Whole Foods stores
Amazon.com Inc on Wednesday said it was launching curbside pickup at Whole Foods stores, in its latest tactic to win over U.S. grocery shoppers.
Year: 2018
Business News
Toshiba posts record quarterly profit on chip sale, outlook unclear
Japan’s Toshiba Corp reported a record quarterly net profit on Wednesday, thanks to the $18 billion sale of its flash memory chip business earlier this year to a consortium led by U.S. private equity firm Bain Capital.
Business News
Asian shares rise for fourth day on earnings, China stimulus hopes
Asian shares extended their recovery into a fourth day on Wednesday, buoyed by strong U.S. earnings and expectations that Beijing will ramp up fiscal stimulus to cushion the impact of its worsening trade dispute with Washington.
Business News
Chinese media warns against ‘wantonly’ rising tariffs in U.S. trade war
Certain people who want to wield the “stick of hegemony” on China with tariffs for their own personal ends will only end up hurting themselves, major Chinese state newspapers said on Wednesday in a unified message against the United States.
Business News
Wielding ‘stick of hegemony’ won’t work, Chinese media warns on trade
Certain people who want to wield the “stick of hegemony” on China with tariffs for their own personal ends will only end up hurting themselves, major Chinese state newspapers said on Wednesday in a unified message against the United States.
Business News
China Tower barely changed in Hong Kong debut
China Tower Corp’s shares opened virtually flat on their debut in Hong Kong on Wednesday, with escalating Sino-US trade tensions weighing on investor sentiment toward the world’s biggest initial public offering (IPO) in two years.
Business News
China Tower barely changed in HK debut after world’s largest IPO in two years
China Tower Corp Ltd’s shares opened virtually flat on their debut in Hong Kong on Wednesday, with escalating Sino-U.S. trade tensions weighing on investor sentiment towards the world’s biggest initial public offering (IPO) in two years.
Business News
Apple tells lawmakers iPhones are not listening in on consumers
Apple Inc told U.S. lawmakers on Tuesday that its iPhones do not listen to users without their consent and do not allow third-party apps to do so either, after lawmakers asked the company if its devices were invading users’ privacy.
Business News
Asian shares extend recovery on earnings, China policy hopes
Asian shares rose on Wednesday on the back of firmer Wall Street earnings while expectations for increased Chinese stimulus helped take the edge off wider concerns about the worsening Sino-U.S. trade dispute.
Trading Ideas
Elon Musk says taking Tesla private is ‘best path,’ shares jump
Chief Executive Elon Musk said on Tuesday he is considering taking Tesla Inc (TSLA.O) private in what would be the largest deal of its type, moving the electric car maker out of the glare of Wall Street as it goes through a period of rapid growth under tight financial constraints. Funding secured,” Musk said on Twitter. In a letter to Tesla employees published more than an hour later on the company’s blog, Musk explained that going private would be “the best path forward.” Such a move – over which no final decision had been made – would let …read more […]
Business News
Snap’s strategy shifts win over advertisers more than users
Snap Inc on Tuesday received a vote of confidence from a billionaire investor and reported record revenue from outside North America, factors that helped soften the blow of its first-ever drop in daily users.
Business News
Disney quarterly profit falls short as streaming costs rise
Walt Disney Co missed Wall Street profit targets as new technology costs rose during the quarter ended June 30, but Chief Executive Bob Iger said an exodus of consumers from its television channels was slowing.
Business News
Elon Musk says taking Tesla private is ‘best path,’ shares jump
Chief Executive Elon Musk said on Tuesday he is considering taking Tesla Inc private in what would be the largest deal of its type, moving the electric car maker out of the glare of Wall Street as it goes through a period of rapid growth under tight financial constraints.
Business News
Musk plan to privatize Tesla pushes $2.3 billion of debt above conversion price
Elon Musk’s suggestion on Tuesday that he would like to take Tesla Inc private may provide something the electric car maker needs: a little debt relief.
Business News
Papa John’s cuts earnings forecast on public spat with founder
Papa John’s International Inc on Tuesday posted a second-quarter comparable sales decline of 6.1 percent in North America and cut its forecast for the coming months, as a heated spat between the pizza chain and its founder dragged on profits.