Oil ticked higher early on Thursday after falling in the previous session as more signs of slowing global growth added to demand concerns, with Middle East tensions underpinning prices.
Samsung Electronics Co Ltd said on Thursday its foldable smartphone Galaxy Fold would go on sale from September in selected markets, after the launch was delayed by screen problems earlier this year.
Asian shares were cautious on Thursday, shrugging off a tech-fuelled rally on Wall Street while the euro hovered near two-month lows as soft economic data bolstered expectations of rate cuts in Europe.
Tesla Inc on Wednesday pushed back its profit timeline once again after missing financial targets in the second quarter, while announcing that the pioneer of the company’s electric batteries, J.B. Straubel, was stepping down from his role as chief technology officer.
Xilinx Inc said it had resumed some sales to Huawei Technologies Co Ltd but forecast current-quarter revenue below Wall Street estimates on Wednesday, citing the impact of U.S. restrictions on selling to the Chinese telecommunications firm.
When U.S President Donald Trump tweeted in May his intention to raise tariffs on Chinese goods, management at California-based NewAir Appliances knew they needed to do something or their business would be in trouble.
Tesla Inc on Wednesday missed financial targets in its second quarter despite record deliveries of its electric vehicles, adding that the carmaker will break even this quarter, rather than post a profit.
Facebook Inc said on Wednesday that new data privacy rules and forthcoming privacy-focused product changes would slow its revenue growth and significantly raise expenses, driving down its shares in after-hours trade even as quarterly revenue topped estimates.
Tesla Inc on Wednesday missed financial targets in its second quarter despite record deliveries of its electric vehicles, raising doubts the carmaker will hit its target to be profitable this quarter.
Tesla Inc on Wednesday posted a steeper-than-expected loss in its second quarter as profit margins on its vehicles narrowed, saying it still aimed for profit in the current quarter even as growth and cash took priority.
The U.S. Department of Justice is investigating whether big technology companies are engaged in anticompetitive behavior, addressing a rising tide of criticism they have become too powerful to the detriment of consumers.
U.S. Treasury Secretary Steven Mnuchin said on Wednesday that online giant Amazon.com Inc “destroyed the retail industry across the United States.”
Ryanair cabin crew in Portugal are set to strike for five days in August in a dispute over pay and conditions, the SNPVAC union said on Wednesday.
Tesla Inc on Wednesday reported lower-than-expected revenue and a fall in gross margins for the second quarter, sending its shares down nearly 11% in extended trading.
Facebook Inc beat analysts’ estimates for revenue on Wednesday for a second straight quarter, but even as it agreed to pay $5 billion to settle a data privacy probe the company disclosed that it faces a new U.S. government antitrust investigation.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
