Year: 2018

A plunge in Facebook Inc shares rattled the Amazon.com Inc options market on Thursday, with the social network’s fellow FAANG company due to report quarterly results later in the day.

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Facebook’s slump set the Nasdaq on pace for its biggest drop in a month, but the contagion was contained by a rise in trade-sensitive stocks after the United States and the European Union said they would negotiate on trade.

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World stock markets struggled to hold on to four-month highs on Thursday as a record sell-off in shares of Facebook Inc offset optimism that the European Union and the United States would settle their differences on trade.

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McDonald’s Corp missed quarterly U.S. same-store sales estimates for the first time in at least two years amid fierce competition in a slack restaurant market, sending its shares down as much as 2.3 percent in midday trading.

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Former Fiat Chrysler Chief Executive Sergio Marchionne was having treatment for a serious illness for more than a year before his death on Wednesday, University Hospital Zurich (USZ) said on Thursday.

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White House economic adviser Larry Kudlow said on Thursday that European Commission President Jean-Claude Juncker had pledged to U.S. President Donald Trump that he would help the United States confront China over its trade practices.

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Hedge funds betting Qualcomm would succeed in a $44 billion bid for NXP Semiconductors face steep losses after the deal fell through – taking the shine off a strong start to the year for many funds.

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Market leading music streamer Spotify added 10 percent more paid subscribers in the second quarter and said it was on track to meet its full-year targets as it downplayed reports it was losing ground to rival Apple Music in the United Sates.

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The United States will press ahead with European trade talks and also aim to strike a deal with Mexico and Canada in stalled negotiations over the North American Free Trade Agreement, U.S. Treasury Secretary Steve Mnuchin said on Thursday.

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