Intel Corp shares declined 2.5 percent on Wednesday after executives forecast modest profit growth over the next three years, signaling it is likely to lag big rivals as the once-dominant chipmaker catches up in technology.
Walt Disney Co’s theme parks lifted quarterly earnings past Wall Street targets on Wednesday, helping offset big investments to support the media and entertainment company’s bid to draw audiences to streaming media.
A gauge of world equity markets slid and the dollar traded near break-even on Wednesday over growing concerns about the latest U.S.-China trade talks and as the United States moved closer to raising tariffs on $200 billion worth of Chinese imports.
An Air Italy executive has joined a chorus of global airlines hurt by grounded Boeing 737 MAX jets but expects the airline to be profitable “very soon” and carrying five times as many passengers by 2022.
Huawei’s chief financial officer intends to seek a stay on extradition proceedings in part based on statements by President Donald Trump about the case, which her lawyers say disqualifies the United States from pursuing the matter in Canada.
Under pressure from President Donald Trump, General Motors Co said on Wednesday it was in talks to sell an idled northeast Ohio plant to a cash-strapped electric truck-building company.
Walt Disney Co’s theme parks lifted quarterly earnings past Wall Street targets on Wednesday, helping offset big investments to support the media and entertainment company’s bid to draw audiences to streaming media.
Intel Corp shares declined 2.5 percent after executives gave their three-year outlook at an investor day on the company’s Santa Clara, California campus.
Walt Disney Co reported second-quarter profit and revenue that beat analysts’ estimates on Wednesday, as more visitors flocked to its theme parks.
Lyft Inc’s stock slumped nearly 11% on Wednesday to a record low after the ride-hailing company posted a deep quarterly loss, putting pressure on Uber Technologies Inc as it prepares to price its initial public offering.
Automakers expect U.S. President Donald Trump to delay a decision due next week on whether to impose steep tariffs on imported cars and auto parts on national security grounds for up to six months as talks continue with the European Union and Japan.
Huawei said on Wednesday that it will seek to stay extradition proceedings against its detained chief financial officer, saying her business activities were conducted with the full knowledge of banking officials.
Equity markets in Europe and the United States climbed and safe-haven bond prices fell on Wednesday after the White House said it had received an indication from China that it wanted to make a trade deal with the United States that had appeared on the brink of unraveling.
U.S. stocks edged higher on Wednesday, on track to snap this week’s streak of losses as investors clung to hopeful notes within the latest developments in U.S.-China trade relations ahead of a crucial round of negotiations.
Uber drivers in London and New York started a series of multi-city strikes on Wednesday to protest the disparity between gig-economy conditions and the sums that investors are likely to make in Friday’s blockbuster stock market debut.
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