A $150 billion slump in Facebook shares set the tech-heavy Nasdaq on track to shed more than 100 points at the open on Thursday, while S&P and Dow futures got a boost from signs the United States and the European Union will negotiate on trade.
Celgene Corp topped Wall Street estimates for quarterly profit on Thursday, helped by higher demand for its blockbuster cancer drug Revlimid, and the U.S. drugmaker raised its full-year earnings forecast. … …read more […]
Jean-Claude Juncker was hailed as a hero by European business on Thursday for making Donald Trump blink and withdraw a threat to slap punitive import tariffs on EU cars and so escalate a transatlantic trade war.
Music streaming leader Spotify on Thursday reported results mostly in line with forecasts, as the number of paid subscribers rose 10 percent over the last three months, but revenue growth was slowed by new European data privacy rules.
Daimler unveiled a new corporate structure on Thursday designed to give its trucks, mobility services and Mercedes-Benz car division greater scope to chase growth in an era when carmakers prepare to launch fleets of autonomous cars.
Comcast Corp on Thursday said it shed more cable TV subscribers than the previous year, but beat Wall Street estimates for quarterly profit as it gained more high-speed internet customers.
German Economy Minister Peter Altmaier said on Thursday he was hopeful that trade talks between the United States and the European Union would yield a good outcome after the two sides agreed to move to ease the threat of a transatlantic trade war.
France welcomes EU trade discussions with Washington but does not want to enter into a wide-ranging negotiation and feels any deal should be reciprocal, Finance Minister Bruno Le Maire said on Thursday.
In what the EU chief called a “major concession,” U.S. President Donald Trump agreed on Wednesday to refrain from imposing car tariffs while the two sides launch negotiations to cut other trade barriers, easing the threat of a transatlantic trade war. After a meeting at the White House, Trump and European Commission President Jean-Claude Juncker said the talks would also seek to “resolve” U.S. tariffs on steel and aluminum and Europe’s retaliatory duties – marking a step back from Trump’s signature import protections for American metals producers. …read more […]
Qualcomm Inc walked away from a $44 billion deal to buy NXP Semiconductors after failing to secure Chinese regulatory approval, becoming a high profile victim of a bitter Sino-U.S. trade spat.
A 20 percent plunge in Facebook Inc.’s shares after the close of normal U.S. trading hours Wednesday, has led to target price cuts from analysts at Morgan Stanley and RBC Capital Markets. “Facebook has shown an ability to innovate and execute through previous challenges,” Morgan Stanley analyst Brian Nowak wrote in a note on Thursday. …read more […]
Germany welcomed an initiative agreed between U.S. President Donald Trump and the head of the European Commission to ease the threat of a trade war and shares rose on the news, but business groups urged the two sides to back up their words with deeds.
Britain welcomed an initiative agreed between U.S. President Donald Trump and European Commission President Jean-Claude Juncker to cut trade barriers, easing the threat of a transatlantic trade war.
NXP Semiconductors NV, whose buyout deal with U.S. chipmaker Qualcomm Inc fell through due to lack of approval from China, said on Thursday it would buy back $5 billion worth of shares.
European stocks opened much higher on Thursday, pushing world stocks to new four-month highs after the European Union and the United States agreed to negotiate on trade, easing some of the fears of a transatlantic trade war.
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