Business News
PayPal quarterly profit beats estimates
PayPal Holdings Inc on Wednesday reported a second-quarter profit that beat analysts’ expectations as the company processed more payments for merchants and consumers.
Year: 2018
Business News
Facebook’s disappointing report hits rest of FANG
FANG stocks taking a hit in after hours trade on Wednesday after Facebook’s Q2 report badly disappointed investors
Business News
U.S.-EU trade deal pushes stock rally to fourth day
Global stocks extended their rally into a fourth consecutive day on Wednesday after U.S. President Donald Trump and the European Union reached an agreement that investors hope will avert a trade war.
Business News
EU offers trade concessions in talks with Trump: Wall Street Journal
U.S. President Donald Trump has secured concessions from the European Union to avoid a trade war, the Wall Street Journal reported on Wednesday, citing an EU official who was in the room during talks between Trump and the EU’s Jean-Claude Juncker.
Business News
Visa quarterly profit rises 13 percent
Visa Inc , the world’s largest payments network, on Wednesday posted a 13 percent rise in quarterly profit, as strong economic growth globally helped fuel a booming credit card market.
Business News
Facebook disappoints on revenue, active users; shares fall 9 percent
Facebook Inc fell short of analysts’ estimates for monthly active users on Wednesday and reported lower-than-expected quarterly revenue, months after the social network became embroiled in a data scandal affecting millions of users.
Business News
Ford profit falls by almost half, misses Wall St. estimates
Ford Motor Co on Wednesday posted a second-quarter net profit that was down by almost half from the prior-year period, missing analyst expectations, due to a fire at a parts supplier that disrupted production of its popular pickup trucks, while falling sales and tariffs hurt the automaker’s business in China.
Business News
Qualcomm says it will drop NXP bid, barring last-second reprieve
Qualcomm Inc , the world’s biggest maker of chips for mobile phones, on Wednesday said it intends to drop its bid to buy Dutch chipmaker NXP Semiconductors after so far failing to secure approval from China against the backdrop of wider Sino-U.S. trade tensions.
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Qualcomm says it will drop NXP bid, barring last-second reprieve
BEIJING/NEW YORK (Reuters) – Qualcomm Inc (QCOM.O), the world’s biggest maker of chips for mobile phones, on Wednesday said it intends to drop its bid to buy Dutch chipmaker NXP Semiconductors (NXPI.O) after so far failing to secure approval from China against the backdrop of wider Sino-U.S. trade tensions. The $44 billion bid was the largest-ever merger in the semiconductor industry when announced in October 2016, just days before the election of U.S. President Donald Trump, and would hand Qualcomm a new market as growth in mobile phone demand slows. The deal became embroiled in a trade standoff …read more […]
Business News
Trump secures concessions from EU to avoid trade war: Dow Jones citing EU official
U.S. President Donald Trump has secured concessions from the European Union to avoid a trade war, CNBC reported on Wednesday, quoting a Dow Jones report that cited an EU official.
Business News
Trump, Juncker expected to speak at White House following trade meeting: officials
U.S. President Donald Trump and the European Union’s chief executive, Jean-Claude Juncker, were expected to make statements at a joint event on Wednesday following a meeting on trade, White House officials said.
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Wall Street rises on U.S.-EU trade deal hopes, tech gains
Wall Street’s major indexes rose on Wednesday after U.S. President Donald Trump said he hoped to reach a trade deal with Europe as he met with European Commission President Jean-Claude Juncker. The S&P 500, the Nasdaq and the Dow all hit session highs as both Trump and Juncker struck a conciliatory tone on trade in their statements to reporters. The Dow, which had been weighed by Boeing Inc’s report of higher costs for its aerial refuelling tanker programme, reversed its earlier downward course. …read more […]
Business News
Wall St. rises on U.S.-EU trade deal hopes, tech gains
Wall Street’s major indexes rose on Wednesday after U.S. President Donald Trump said he hoped to reach a trade deal with Europe as he met with European Commission President Jean-Claude Juncker.
Trading Ideas
Daimler deepens ties with China's Baidu on automated driving
Daimler, the owner of the Mercedes-Benz brand, and China’s Baidu are …read more […]
Business News
Global stock rally adds fourth straight day as trade fears ebb
Global stocks extended their rally into a fourth consecutive day on Wednesday as investor optimism over corporate earnings trumped concern about the trade war.