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Business News

Shares in plant-based burger maker Beyond Meat slide on stock offering

July 30, 2019 admin Comments Off on Shares in plant-based burger maker Beyond Meat slide on stock offering

Shares in meat alternatives company Beyond Meat slid on Tuesday, a day after the company known for its pea-based burgers and sausages announced a stock offering plan to raise capital just three months after going public.

…read more […]

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Business News

Cancer drug Keytruda, vaccines propel Merck to quarterly profit beat

July 30, 2019 admin Comments Off on Cancer drug Keytruda, vaccines propel Merck to quarterly profit beat

Merck & Co Inc reported higher-than-expected second-quarter profit and revenue and raised its full-year earnings forecast on Tuesday, powered by strong demand for its blockbuster cancer immunotherapy Keytruda and vaccine sales.

…read more […]

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Business News

Trump warns China not to wait for 2020 U.S. election to make trade deal

July 30, 2019 admin Comments Off on Trump warns China not to wait for 2020 U.S. election to make trade deal

U.S. President Donald Trump on Tuesday warned China against waiting out his first term in office to finalize any trade deal, saying if he wins re-election in the November 2020 U.S. presidential contest, the outcome could be no agreement or a worse one.

…read more […]

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Business News

Ralph Lauren hints at weakness in North America business, shares fall

July 30, 2019 admin Comments Off on Ralph Lauren hints at weakness in North America business, shares fall

Ralph Lauren Corp said it expects full-year sales in North America to be pressured by a tough retail environment and weakness in spending by foreign tourists, overshadowing upbeat quarterly earnings and sending its shares down about 4%.

…read more […]

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Capital One is sued over data breach in proposed class action

July 30, 2019 admin Comments Off on Capital One is sued over data breach in proposed class action

Capital One Financial Corp was sued on Tuesday after the bank said a hacker who has since been arrested accessed personal information belonging to about 106 million people in the United States and Canada.

…read more […]

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P&G posts strong sales, takes $8 billion Gillette writedown

July 30, 2019 admin Comments Off on P&G posts strong sales, takes $8 billion Gillette writedown

Procter & Gamble Co’s quarterly revenue and profit beat Wall Street expectations on Tuesday, sending shares up even as the world’s No.1 personal goods company took an $8 billion writedown on its Gillette shaving business.

…read more […]

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Oil prices up on expectations of Fed rate cut

July 30, 2019 admin Comments Off on Oil prices up on expectations of Fed rate cut

Oil prices rose for a fourth day on Tuesday on optimism the U.S. Federal Reserve will this week cut interest rates for the first time in more than 10 years, boosting demand expectations in the world’s biggest oil user.

…read more […]

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Capital One shares drop on questions over hack

July 30, 2019 admin Comments Off on Capital One shares drop on questions over hack

Capital One Financial Corp shares fell as much as 5.8% on Tuesday as investors worried about its management of customer data after the credit-card issuer said information for 106 million people had been compromised.

…read more […]

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Business News

Wall Street drops as trade tensions weigh, Fed meeting looms

July 30, 2019 admin Comments Off on Wall Street drops as trade tensions weigh, Fed meeting looms

U.S. stocks dropped on Tuesday as U.S.-China trade worries pressured technology shares, while the scale of consensus at the Federal Reserve in favor of deeper cuts in interest rates ate into optimism that drove markets to record highs last week.

…read more […]

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Trump says will work on a trade deal with Brazil

July 30, 2019 admin Comments Off on Trump says will work on a trade deal with Brazil

U.S. President Donald Trump on Tuesday said his administration will pursue a trade agreement with Brazil, opening the door to a possible resolution over an earlier trade dispute between the two nations.

…read more […]

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New York attorney general to probe Capital One data breach

July 30, 2019 admin Comments Off on New York attorney general to probe Capital One data breach

New York’s attorney general on Tuesday said her office will begin an immediate investigation into Capital One Financial Corp’s data breach, which the bank said involved the access of personal information belonging to about 100 million people in the United States.

…read more […]

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Business News

Trump says he wants a trade deal with Brazil

July 30, 2019 admin Comments Off on Trump says he wants a trade deal with Brazil

U.S. President Donald Trump on Tuesday said he wants to pursue a trade agreement with Brazil, opening the door to a possible resolution over an ongoing trade dispute between the two nations.

…read more […]

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Business News

Trump China broadside scuttles stocks, sterling sinks again

July 30, 2019 admin Comments Off on Trump China broadside scuttles stocks, sterling sinks again

A snarling warning from U.S. President Donald Trump ahead of trade talks with China rattled stock markets on Tuesday, as brewing no-deal Brexit worries also roughed up the pound and Irish bonds again.

…read more […]

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Ralph Lauren earnings beat estimates on North America demand

July 30, 2019 admin Comments Off on Ralph Lauren earnings beat estimates on North America demand

Ralph Lauren Corp reported better-than-expected quarterly revenue and profit on Tuesday, as its North America business benefited from a social media marketing blitz and the launch of new editions of its trademark Polo shirts.

…read more […]

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ConocoPhillips profit misses on lower crude prices, higher spending

July 30, 2019 admin Comments Off on ConocoPhillips profit misses on lower crude prices, higher spending

ConocoPhillips missed Wall Street estimates for quarterly profit on Tuesday as it spent more than expected and took a hit from lower crude prices due to fears of a slowing global economy.

…read more […]

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