Apple Inc said on Wednesday it had banned Facebook Inc from a program designed to let businesses control iPhones used by their employees, saying the social networking company had improperly used it to track the web-browsing habits of teenagers.
World stocks and the dollar rose on Wednesday ahead of policy guidance from the Federal Reserve, with results from Boeing and Apple and data that showed U.S. private sector jobs increased more than expected in January reassuring investors.
J.P. Morgan on Wednesday raised its estimate on the amount of excess reserves that the U.S. Federal Reserve would leave in the U.S. banking system to $1 trillion, double what it had previously projected.
Boeing Co has started boosting 787 Dreamliner production to 14 jets a month from 12, Chief Executive Dennis Muilenburg said on Wednesday, putting the U.S. planemaker within reach of a key target designed to boost cash and lower costs.
Boeing Co shares jumped on Wednesday as the world’s largest planemaker raised its profit and cash flow expectations for 2019 amid a boom in air travel, while indicating it had overcome supplier delays that snarled 737 production last year.
In the six weeks since a confident U.S. Federal Reserve raised interest rates in response to a “strong” U.S. economy, consumer confidence dropped, wholesale prices weakened, financial markets wobbled and home sales fell.
Boeing Co has starting running 787 Dreamliner assembly lines at a rate ready to support higher output of 14 jets a month, bringing it within reach of a goal designed to boost cash and reduce costs, people familiar with the matter said.
U.S. stocks jumped on Wednesday, as relief after Apple Inc’s earnings and an upbeat report from Boeing Co eased nerves as investors waited for updates from the Federal Reserve and U.S.-China trade talks.
McDonald’s Corp’s strong performance outside the United States drove better-than-expected results in the final quarter of 2018, as it battled punishing competition at home with initiatives ranging from $1 coffees to Uber Eats deliveries.
U.S. stocks opened higher on Wednesday, as results from Apple Inc and Boeing Co calmed nerves ahead of the Federal Reserve’s update on monetary policy and fresh U.S.-China trade talks.
E-commerce giant Alibaba Group Holding Ltd’s quarterly revenue grew at its weakest pace since 2016, as the impact of a slowing Chinese economy and a crippling Sino-U.S. trade war kept buyers away during its top-sale season.
Boeing Co shares jumped on Wednesday as the world’s largest planemaker raised its profit and cash flow expectations for 2019 amid a boom in air travel, while indicating it had overcome supplier delays that snarled 737 production last year.
McDonald’s Corp beat estimates for quarterly same-store sales on Wednesday, powered by a strong international performance that again made up for weakness in a highly competitive U.S. fast-food market.
General Electric Co on Wednesday said it would consolidate its renewable and grid assets into a single business.
AT&T Inc on Wednesday reported quarterly revenues and new wireless subscribers that fell short of Wall Street expectations, sending shares down nearly 3 percent, as its focus shifted to paying down debt from boosting its customer base.
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