U.S. stock indexes dipped on Monday, led by losses in shares of Amazon and technology companies, as investors awaited quarterly reports from a host of marquee names to gauge the impact of an escalating trade conflict between the United States and China.
Oilfield services provider Halliburton Co on Monday reported a sharp increase in quarterly revenue, but its shares fell by more than 6 percent as investors eyed growing pipeline constraints in the Permian Basin.
Shares of Papa John’s International Inc fell 8 percent on Monday after the Pizza chain said it would implement a “poison pill” stock dilution that would act against any move by founder John Schnatter to take a bigger stake.
WASHINGTON (AP) — The White House on Monday blamed Iranian President Hassan Rouhani for inciting a war of words with President Donald Trump, who warned that verbal threats could escalate into military conflict with the U.S. …read more […]
Shares of Tesla Inc fell more than 4 percent in trading before the bell on Monday, after a report that the electric car maker has turned to some suppliers for a refund of previously made payments in a bid to turn a profit.
Oil prices rose on Monday on worries over supply after tensions worsened between Iran and the United States, while some offshore workers began a 24-hour strike on three oil and gas platforms in the British North Sea.
U.S. stocks opened flat on Monday as losses in technology names offset gains in energy stocks following a rise in crude oil prices.
U.S. stocks were set for a flat opening on Monday as investors awaited quarterly reports from a clutch of big U.S. manufacturers to gauge the impact of an escalating trade conflict between the United States and China.
The meal-kit provider closed lower every single day last week, but the stock has still soared more than 80% since bottoming out in April. …read more […]
Toymaker Hasbro Inc topped Wall Street estimates for profit and revenue in the second quarter as it emerged from the worst effects of last year’s Toys ‘R’ Us bankruptcy, sending its shares up nearly 12 percent.
Oilfield services provider Halliburton Co on Monday reported a 24 percent increase in quarterly revenue, narrowly beating analysts’ estimates, as higher oil prices sparked a surge in U.S. crude production activity.
Fiat Chrysler’s European boss has quit, adding to the problems facing new CEO Mike Manley who must deliver on promises to boost production of SUVs and catch up with rivals in electric cars.
Exxon Mobil Corp and its partners now expect the large Stabroek oil block offshore Guyana to contain about 25 percent more recoverable resources than estimated, they said on Monday.
Tesla has asked some suppliers to refund money paid by the electric car maker since 2016, the Wall Street Journal reported on Sunday citing a memo. The memo, which the paper said was sent by a global supply manager, described the request as essential to Tesla’s continued operation and characterized it as an investment in the car company to continue the long-term growth between both players. Tesla could not be immediately reached for comment, although the WSJ quoted the company as confirming it is seeking price reductions for projects, some of which date back to 2016. …read more […]
Iranians on Monday shrugged off the possibility that a bellicose exchange of words between President Donald Trump and his Iranian counterpart could escalate into military conflict, but expressed growing concern America’s stepped-up sanctions could damage their fragile economy. In his latest salvo, Trump tweeted late on Sunday that hostile threats from Iran could bring dire consequences. Within hours, Iran’s state-owned news agency IRNA dismissed the tweet, describing it as a “passive reaction” to Rouhani’s remarks. …read more […]
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