Year: 2018

Shares of Microsoft Corp were set to open at a record high on Friday, after the company reported another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services.

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U.S. industrial conglomerate General Electric Co reported a smaller-than-expected drop in quarterly profit on Friday as weakness in power and renewables energy offset gains in its aviation, oil and gas and healthcare units.

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U.S. stock index futures fell on Friday after President Donald Trump toughened his stance against China and said he was ready to impose levies on $500 billion worth of goods from the Asian nation.

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U.S. President Donald Trump said he was ready to impose tariffs on an additional $500 billion of imports from China, threatening to escalate the current trade clash with the Asian nation and sending financial markets downward.

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Police in Luxembourg have added two Tesla electric cars to their fleet, hoping that their rapid acceleration capacity will help them nab more criminals and speed offenders while also trimming the tiny country’s carbon emissions.

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White House economic adviser Larry Kudlow blamed Chinese President Xi Jinping for a lack of progress over U.S-China trade talks, and warned that U.S. President Donald Trump was “not going to let go” of the issue, Axios reported on Friday.

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U.S. industrial conglomerate General Electric Co reported a 28 percent drop in quarterly profit on Friday, as weakness in power and renewables energy offset gains in its aviation, oil and gas and healthcare units.

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Oilfield services provider Baker Hughes, controlled by GE, on Friday reported lower-than-expected quarterly revenue as demand for its equipment fell.

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India’s third-biggest software services exporter, Wipro Ltd , said on Friday it would buy U.S.-based Alight Solutions’ India operations for $117 million in cash.

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The U.S. and euro zone economies remain a world apart and growth data due in the coming days will only highlight the widening gap, suggesting that monetary policy will continue to move in opposing directions on the two sides of the Atlantic.

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Baker Hughes, the oilfield services company controlled by GE, reported a 2.4 percent rise in quarterly revenue, helped by a jump in service orders.

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U.S. President Donald Trump on Friday said he was poised to impose tariffs on $500 billion of goods from China, threatening in an interview with CNBC to escalate the current trade clash with the Asian nation.

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Honeywell on Friday reported a higher-than-expected quarterly profit as it sold more aircraft parts and services to business jet and commercial airline customers, prompting the company to raise its 2018 earnings forecast for the third time.

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