A prominent Republican on the U.S. Senate Agriculture Committee complained on Thursday about Chinese-owned Smithfield Foods Inc receiving aid from the U.S. Department of Agriculture meant to help American farmers hurt by China’s trade tariffs.
So-called FANG stocks dropped in extended trade on Thursday following disappointing quarterly reports from Amazon.com Inc and Alphabet Inc , two of the group’s components.
Amazon.com Inc forecast disappointing holiday season sales on Thursday, projecting its fourth-quarter revenue growth would be the slowest in years, sending shares of the online retailer down 6 percent in after-hours trade.
Mattel Inc reported a surprise rise in North American sales, allaying concerns about the effects of retailer Toys ‘R’ Us’ liquidation on the toy industry and driving its shares up 8 percent on Thursday.
U.S. stocks climbed back on Thursday after a massive sell-off the day previous, with strong earnings encouraging investors to venture into risky bets again, while the dollar gained on the euro.
Amazon.com Inc’s third-quarter sales missed analyst estimates and it forecast sales and operating income for the current quarter below estimates, sending shares of the online retailer down more than 5 percent in late trade.
Google parent Alphabet Inc on Thursday missed analysts’ estimates for third-quarter revenue and rising expenses trimmed its operating margin for the third straight quarter.
Chipotle Mexican Grill Inc reported quarterly same-restaurant sales that fell short of Wall Street expectations on Thursday, as diners were still hesitant about returning to the burrito chain following a string of food-safety incidents.
Chevron Corp has held talks to acquire Pasadena Refining System Inc (PRSI), a Texas oil refining unit of Brazilian state-run oil firm Petroleo Brasileiro SA , three people familiar with the matter said this week.
A prominent Republican on the U.S. Senate Agriculture Committee on Thursday complained about Smithfield Foods Inc receiving aid from the U.S. Agriculture Department meant to help U.S. farmers hurt by Chinese trade tariffs given that it is a unit of a Chinese company.
U.S. stocks gained on Thursday as Microsoft’s strong earnings helped Nasdaq-listed companies stage a rebound from the tech-heavy index’s worst decline since 2011 in the previous session.
U.S. stocks followed Europe higher on Thursday after investors ventured into risky bets again with encouragement from some strong earnings and the dollar rose against the euro after remarks from Europe’s Central Bank chief fueled fears about the monetary union.
Three years after a ban on crude oil exports was lifted, some U.S. shale producers are doing something they have never done before – lock in prices for their barrels that will find a home overseas.
With U.S. stocks well down from their record highs in September and key elections less than two weeks away, President Donald Trump has stepped up his criticism of the Federal Reserve’s interest rate increases and of Jerome Powell, the man he picked to lead the central bank.
Saudi Arabia’s investment forum was designed to showcase the kingdom’s new future away from oil, but it was black gold and old allies that rescued this week’s event from the furor over the killing of journalist Jamal Khashoggi.
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