Chinese internet search giant Baidu Inc surpassed expectations for quarterly profit and revenue on the back of strong growth in its core online advertisement business.
Asian shares were higher on Wednesday, tracking the firmer Wall Street finish though reports that Washington plans to raise tariffs on $200 billion of Chinese goods have put the focus back on volatile Sino-U.S. trade relations.
The Trump administration plans to propose slapping a 25-percent tariff on $200 billion of imported Chinese goods after initially setting them at 10 percent, a source familiar with the plan said on Tuesday.
U.S. President Donald Trump defended his trade policies on Tuesday in a speech in Florida and said American farmers hurt by retaliatory tariffs from China were bearing up, in a sign he is feeling some political heat on the issue.
Asian shares rose on Wednesday, following gains on Wall Street, as a report of attempts to renew talks between the United States and China eased trade war fears, but investors will be keeping a close eye on data due today.
Billionaire Warren Buffett’s Berkshire Hathaway Inc is loaning up to $2 billion to the company that owns some of what used to be some of Sears Holdings Corp’s best real estate.
Baidu (NASDAQ:BIDU) reported its latest quarterly earnings results after the bell Tuesday, which were better than what analysts were calling for, sending shares rising late in the day. Baidu added that for the period, it amassed adjusted earnings of roughly $3.18 per share, which is stronger than the $2.44 per share that analysts polled by FactSet were calling for in their average estimate. Analysts were calling for Baidu to bring in revenue of $3.8 billion for the quarter. …read more […]
SL Green Realty Corp , a major New York landlord, said on Tuesday that The Carlyle Group LP signed a 15-year lease for three floors at One Vanderbilt, a marquee office tower that is part of a bevy of new buildings redefining the city’s skyline.
Dialog Semiconductor Plc said on Tuesday it has ended discussions with Synaptics Inc about a potential acquisition of the U.S. touch-pad technology company, without citing a reason.
U.S. oil producer Devon Energy Corp on Tuesday missed Wall Street estimates for quarterly profit as expenses rose and a misplaced bet on the direction of oil prices offset higher oil output.
IQIYI Inc. shares jumped as much as 9.2 percent in post-U.S. market trading Tuesday after the Chinese streaming company’s third-quarter revenue forecast and second-quarter revenue topped analyst estimates. … …read more […]
Apple Inc said on Tuesday it handed its shareholders $20 billion through share buybacks in the June quarter, bringing its tally this year to a record $43 billion and helping push its stock price to an all-time high.
Wall Street is trying to figure out whether the U.S. insurance industry will bear any costs from a record $4.69 billion judgment against Johnson & Johnson awarded to customers and their families who claimed that asbestos-contaminated talc caused ovarian cancer.
Jim Cramer argues that Apple should be seen as a consumer products company rather than a technology player after its third-quarter earnings beat. …read more […]
Chinese internet search giant Baidu Inc on Tuesday topped Wall Street estimates for quarterly profit on the back of strong growth in its online advertisement business.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
