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Caterpillar raises 2018 profit outlook, beats quarterly estimates

July 30, 2018 admin Comments Off

Caterpillar Inc (CAT.N) on Monday raised its full-year profit outlook after earnings in the second quarter nearly doubled, beating market expectations, helped by global demand for its equipment. The Deerfield, Illinois-based company now expects adjusted profit per share to be in a range of $11 to $12 in 2018, compared with $10.25 to $11.25 projected earlier. The second increase to the profit outlook in the past two quarters helped allay investors’ concerns about the health of the global economy amid increasing trade frictions and pressure on costs. …read more […]

Better Buy: Apple Inc. vs. Google

July 30, 2018 admin Comments Off

Two of the world’s most valuable tech companies continue to beat the market, but they don’t measure up the same when considering growth and valuation. …read more […]

Meat processor Tyson Foods cuts profit forecast on mounting tariff pressures

July 30, 2018 admin Comments Off

Tyson Foods Inc cut its full-year profit forecast on Monday, citing the uncertainty in trade policies and increased tariffs that have hurt domestic and export prices of meat, sending its shares down 6 percent.

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Pompeo announces $113 million in new U.S. initiatives in ‘Indo-Pacific’

July 30, 2018 admin Comments Off

Building on President Donald Trump’s “Indo-Pacific” strategy, U.S. Secretary of State Mike Pompeo on Monday announced $113 million in new regional investments focused on technology, energy and infrastructure.

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Harley drives deeper into Asia with smaller bikes to fuel growth

July 30, 2018 admin Comments Off

Harley-Davidson Inc is launching lightweight motorcycles in Asian markets and electric bikes in the hope of sparking demand as it faces declining sales in the United States and the threat of trade tariffs increasing its costs.

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U.S. plans $113 million ‘down payment on a new era’ in Indo-Pacific: Pompeo

July 30, 2018 admin Comments Off

The United States will invest $113 million in technology, energy and infrastructure initiatives in the Indo-Pacific as part of a new strategy to deepen ties with the region, U.S. Secretary of State Mike Pompeo said on Monday ahead of a trip to Singapore, Malaysia and Indonesia.

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3 Things That Baidu Needs to Get Right This Week

July 30, 2018 admin Comments Off

China’s online search leader reports financial results on Tuesday afternoon, and Baidu will need to excel on several fronts if the stock is to move higher. …read more […]

German prosecutors investigate VW ex-CEO’s financial transfers

July 30, 2018 admin Comments Off

German prosecutors said on Monday they are investigating whether former Volkswagen Chief Executive Martin Winterkorn moved some of his assets out of Germany following an inquiry into his role in the manipulation of anti-pollution tests.

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Wall Street opens flat as tech losses offset energy, Caterpillar gains

July 30, 2018 admin Comments Off

U.S. stocks opened little changed on Monday as weakness in tech stocks offset gains in energy companies which rose on the back of higher oil prices and as industrials got a lift from Caterpillar’s upbeat quarterly earnings.

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Harley pushes deeper into Asia with smaller bikes to kickstart growth

July 30, 2018 admin Comments Off

Harley-Davidson Inc on Monday unveiled several measures including launching smaller light-weight motorcycles in Asian markets to fuel growth as it faces declining sales in the United States and the threat of higher trade tariffs.

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News Flash: The Marijuana Stock Bubble May Already Be Bursting

July 30, 2018 admin Comments Off

The North American Marijuana Index has plunged more than 45% in six months. …read more […]

Nokia, T-Mobile US agree $3.5 billion deal, world’s first big 5G award

July 30, 2018 admin Comments Off

T-Mobile US named Nokia to supply it with $3.5 billion in next-generation 5G network gear, the firms said on Monday, marking the world’s largest 5G deal so far and concrete evidence of a new wireless upgrade cycle taking root.

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Nokia reiterates outlook after announcing $3.5 billion deal with T-Mobile

July 30, 2018 admin Comments Off

Nokia reiterated its outlook on Monday after it announced a $3.5 billion 5G network agreement with T-Mobile .

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Wall Street set to open higher on strong Caterpillar earnings

July 30, 2018 admin Comments Off

U.S. stocks were set to open higher on Monday after a strong earnings report from Caterpillar, a bellwether for global economic activity, restored optimism that the ongoing trade war would not hit corporate results more than feared.

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Global stocks steady before central bank tests

July 30, 2018 admin Comments Off

World stocks and the dollar were broadly steady on Monday as a busy week of central bank meetings and company updates began, while Japanese government bonds sold off before possible monetary policy tweaks.

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