Business News
Asian stocks struggle as trade anxiety weighs
Asian stocks wobbled on Tuesday as simmering worries over the U.S.-China trade conflict offset positive leads from earnings-led gains on Wall Street.
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Business News
U.S. seeks suspension of court action on 1MDB luxury yacht Equanimity
The U.S. Justice Department wants to suspend its legal efforts to take possession of the superyacht Equanimity, impounded as part of a hunt for assets linked to the multi-billion dollar 1Malaysia Development Bhd (1MDB) scandal.
Trading Ideas
For Facebook, It's Time to Pay the Piper
After a string of controversies and privacy scandals, Facebook found the one thing that Wall Street won’t tolerate. …read more […]
Trading Ideas
AP FACT CHECK: Trump’s claims on Calif. wildfires inaccurate
President Donald Trump is claiming that California’s water policy is shortchanging firefighters of water to battle the state’s raging wildfires. TRUMP: “California wildfires are being magnified & made so much worse by the bad environmental laws which aren’t allowing massive amount of readily available water to be properly utilized. It is being diverted into the Pacific Ocean. …read more […]
Business News
Asian stocks flat as trade woes offset earnings-led Wall Street gains
Asian stocks were largely steady on Tuesday, with worries over the U.S.-China trade conflict offsetting support from earnings-led gains on Wall Street.
Business News
Chinese state newspaper says Trump’s claims of winning trade war are ‘wishful thinking’
A Chinese state newspaper on Tuesday described as “wishful thinking” U.S. President Donald Trump’s belief that a fall in Chinese stocks was a sign of his winning the trade war and an example of his “ability to elasticize the truth.”
Business News
Icahn to send letter to oppose Cigna-Express Scripts deal: WSJ
Investor Carl Icahn will send an open letter to the shareholders of insurer Cigna Corp asking them to vote against the company’s $52 billion Express Scripts Holding Co buyout, the Wall Street Journal reported on Monday, citing a draft of the letter.
Trading Ideas
Apple Has 'Really Blown It' in India, Om Malik Says
Aug.06 — Om Malik, True Ventures partner, and Bloomberg’s Alistair Barr discuss Apple Inc.’s lagging sales in India with Bloomberg’s Emily Chang on “Bloomberg Technology.” …read more […]
Business News
Facebook in talks with banks to expand customer service
Facebook Inc said on Monday it is in talks to deepen links with banks and financial institutions, saying it can help the firms improve their customer service.
Business News
Sempra Energy CEO ‘very optimistic’ about talks with Elliott Management
Sempra Energy’s Chief Executive Jeffrey Martin told investors on Monday the company was in a “constructive dialogue” with activist investor Elliott Management, which has been pushing for sweeping changes at the utility.
Trading Ideas
Government seeks to overturn AT&T-Time Warner merger ruling
The judge who allowed AT&T’s mega-merger with Time Warner was clearly wrong in concluding the marriage won’t harm consumers, the Trump Justice Department argued Monday in challenging the decision. U.S. District Judge Richard Leon misunderstood the complexities of the booming pay-TV market and the nature of AT&T’s competitors, the department’s antitrust regulators asserted in their filing. Leon’s June ruling opened the way for one of the biggest media deals ever: phone and pay-TV titan AT&T’s $81 billion takeover of Time Warner, the owner of CNN, HBO, the Warner Bros. movie studio, “Game of Thrones,” A-list sports programming and …read more […]
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5 Things Devon Energy Corp's CEO Wants You to Know About its Vision for the Future
The shale driller remains very optimistic about what lies ahead. …read more […]
Trading Ideas
Trump Says Tariff Revenue Will Help Pay Down National Debt. Here's the Real Math.
President Trump tweeted Sunday morning that his burgeoning trade wars with China and other countries will have a very specific benefit to the U.S.: bringing down the national debt. “Tariffs are working big time,” Trump tweeted, adding, “Because of Tariffs we will be able to start paying down large amounts of the $21 Trillion in debt that has been accumulated, much by the Obama Administration, while at the same time reducing taxes for our people. First, the president portrays tariffs as taxes on foreign companies, but the truth is that many U.S. companies, and ultimately consumers, bear the …read more […]
Business News
Marriott sees revenue weakness in third quarter, shares fall
Marriott International Inc on Monday signaled weakness in revenue per available room (revPAR) in North America, its largest market, for the third quarter, sending shares of the world’s largest hotel chain down about 4 percent.
Business News
S&P buybacks brisk in second-quarter, may set another record: S&P Dow Jones
S&P 500 companies engaged in a brisk pace of share buybacks in the second quarter, putting them on track to near or beat the first quarter’s record level, according to a S&P Dow Jones Indices analysis.