Boeing Co posted its largest-ever quarterly loss on Wednesday due to the spiraling cost of resolving issues with its 737 MAX, warning it may have to shut production of the grounded jet completely if it runs into new hurdles with global regulators getting its best-selling aircraft back in the air.
U.S. stocks were mixed on Wednesday as a series of disappointing second-quarter results curbed investor optimism over a new round of U.S.-China trade talks next week, while the euro dropped to a two-month low, pressured by soft economic data.
Caterpillar Inc’s earnings on Wednesday missed Wall Street’s estimates, hurt by a combination of weak sales in China and higher production and restructuring costs, sending its shares lower.
EBay Inc said on Wednesday it would launch a warehousing and shipping service for merchants selling through its site starting next year, a new strategy that is expected to attract more sellers to the e-commerce platform.
The benchmark S&P 500 index hovered near record levels on Wednesday as semiconductor stocks rallied on reassuring comments from Texas Instruments on global chip demand and blunted the impact of weak earnings from bellwethers Boeing and Caterpillar.
Caterpillar Inc’s earnings on Wednesday missed Wall Street’s estimates, hurt by a combination of weak sales in China and higher production and restructuring costs, sending its shares lower.
U.S. indexes were off their session lows on Wednesday as a rally in semiconductor stocks on reassuring comments from Texas Instruments on global chip demand blunted the impact of weak earnings from bellwethers Boeing and Caterpillar.
EBay Inc said on Wednesday it would launch warehousing and shipping service for merchants selling through its platform starting next year, a new strategy that is expected to attract more sellers to the e-commerce platform.
Hilton Worldwide Holdings Inc cut its full-year outlook for a key revenue measure on Wednesday, citing a slowing global economy which was weighing on spending plans of businesses, sending the U.S. hotel operator’s shares down as much as 2.8%.
United Parcel Service Inc said on Wednesday a jump in demand for its Next Day Air service drove better-than-expected profit in the second quarter as large retailers rushed packages to online shoppers.
Oil prices rose 1% on Wednesday, supported by a sharp fall in U.S. crude stocks and tensions over Iran, but concern about global oil demand capped further gains.
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Boeing Co posted its largest-ever quarterly loss on Wednesday, diving nearly $3 billion into the red as it wrestles with a longer-than-expected grounding of its best-selling 737 MAX.
U.S. stocks fell on Wednesday after bleak earnings from industrial bellwethers Caterpillar and Boeing exacerbated concerns of a slowing global economy that have roiled financial markets this year.
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