U.S. manufacturing activity slowed in July amid signs that a robust economy and import tariffs were putting pressure on the supply chain, which could hurt production in the long term.
Sanofi and Novartis said on Wednesday they planned to increase stockpiles of medicines in Britain in preparation for potential disruption if the UK crashes out of the European Union without a deal.
Garmin Ltd reported better-than-expected quarterly profit and raised its full-year forecast on Wednesday, boosted by higher demand for its activity-tracking wearable devices. Garmin shares were up 1.5 percent at $63.40 in midday trading. Garmin, which started as a GPS device maker, has gained in recent years due to a surge in demand for smartwatches and other wearable devices that track everything from heart rates and calories to a pet’s movement. …read more […]
Facebook Inc’s WhatsApp messenger service will start charging businesses for sending marketing and customer service messages, it said on Wednesday, as the social network company’s flagship brand faces slowing usage and revenue growth.
World stocks were mixed on Wednesday, with fears of an imminent escalation in the tariff war between the U.S. and China holding back gains, though robust results form technology giant Apple Inc boosted a key index on Wall Street.
U.S. stocks rose on Wednesday as Apple’s robust earnings lifted the high-growth technology sector and eased worries of an escalating trade war between the United States and China.
Shares of Apple Inc touched the $200 mark for the first time and neared a $1 trillion valuation on Wednesday, after the company forecast blowout current-quarter sales and analysts said a September launch of new iPhones set the stage for sustained growth.
The oil and gas driller continues to make slow and steady progress on its turnaround plan. …read more […]
The frack sand producer had some disappointing news. …read more […]
Major automakers on Wednesday reported lower U.S. new vehicle sales for July amid steep declines in passenger cars, except Fiat Chrysler Automobiles NV (FCA) , which said its sales climbed 6 percent.
Sprint Corp on Wednesday topped analysts’ estimates for quarterly profit and new wireless subscribers, but said the higher prices for its revamped phone plans could affect future growth.
General Motors Co said on Wednesday it has tapped a former Trump administration economic and trade adviser to head its public policy efforts.
Tesla Inc is looking to raise a portion of the $5 billion it needs to build its factory in Shanghai from local Chinese partners, Bloomberg reported on Wednesday, citing a source familiar with the matter.
U.S. manufacturing activity slowed in July amid signs that a robust economy and import tariffs were putting pressure on the supply chain, which could hurt production in the long term.
Shares of Apple Inc hit a record high on Wednesday and neared a $1 trillion valuation, after the company forecast blowout current-quarter sales and analysts said a September launch of new iPhones set the stage for sustained growth.
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