Bank of America Corp beat estimates for quarterly profit on Wednesday, as the United States’ second-largest lender’s loan book benefited from a healthy domestic economy.
Facebook Inc will face more questioning on Wednesday by U.S. lawmakers over its planned cryptocurrency after a bruising first bout when senators from both parties condemned the project, saying the company had not shown it could be trusted.
Resurgent trade tensions, concern over the outlook for corporate America and the growing risk of a chaotic Brexit in the United Kingdom curtailed appetite for equities on Wednesday and stoked demand for “safe” government bonds.
Bank of America Corp reported a 10% increase in quarterly profit on Wednesday as a healthy U.S. economy boosted demand for loans.
Amazon has reached a deal with Germany’s anti-trust authority to overhaul its terms of service for third-party merchants, acting to appease regulators as the European Union announced its own investigation of the e-commerce giant.
Amazon on Wednesday became the target of an antitrust investigation by the European Union over its use of merchants’ data, underlining the increasing regulatory scrutiny over how tech companies exploit customers’ information.
U.S. online retailer Amazon said on Wednesday that it would cooperate fully with EU antitrust regulators investigating its use of merchants’ data.
EU antitrust regulators will investigate Amazon, the world’s largest online retailer, to see if its use of other merchants’ data breaches EU antitrust rules, the European Commission said on Wednesday.
Members of the U.S. Senate and House of Representatives introduced bills on Tuesday to keep tight restrictions on Huawei Technologies Co Ltd, amid concern about President Donald Trump’s easing of curbs on the Chinese firm.
Telecoms equipment maker Ericsson posted quarterly earnings in line with forecasts but said it expected costs related to winning new contracts for its network business to hit profit margins in the second half of the year.
Members of the U.S. Senate and House of Representatives introduced bills on Tuesday to keep tight restrictions on Huawei Technologies Co Ltd, amid concern about President Donald Trump’s easing of curbs on the Chinese firm.
Oil prices on Wednesday regained little ground lost in the previous session, weighed down by industry data suggesting U.S. crude inventories fell less than expected.
Resurgent trade tensions, concern over the outlook for corporate America and the growing risk of a chaotic Brexit in the United Kingdom dampened appetite for equities on Wednesday while keeping alive interest in the dollar and government bonds.
Amazon, the world’s largest online retailer, could face an EU antitrust investigation within days over its use of merchants’ data, a person familiar with the matter said on Wednesday.
Oil prices rose on Wednesday after steep falls in the previous session, although U.S. crude trailed gains for international benchmark Brent following data showing U.S. crude inventories fell less than expected.
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