A three-day world stock market rally threatened to stall on Wednesday as investors fretted over the impact of tariffs on corporate earnings and awaited a meeting between U.S. and European officials that could inflame a trade war.
Tariffs were partly to blame for lowered full-year forecasts by General Motors Co and Fiat Chrysler Automobiles NV (FCA) , pummeling the stocks of both automakers on Wednesday as investors feared escalating trade disputes would hurt margins and sales.
In a pretty substantial move into trying to own the entire AI stack, Google …read more […]
President Donald Trump on Wednesday accused China of “vicious” tactics on trade as he prepared for tough negotiations with European leaders in an escalating trade battle among world powers. Trump tweeted that China was specifically targeting U.S. farmers with retaliatory tariffs because “they know I love & respect” them. …read more […]
Sinclair Broadcast Group Inc and Tribune Media Co shares rose on Wednesday after U.S. President Donald Trump criticized the Federal Communications Commision for deferring a decision last week on their proposed $3.9 billion tie-up.
MILAN (AP) — Sergio Marchionne, a charismatic and demanding CEO who engineered two long-shot corporate turnarounds to save carmakers Fiat and Chrysler from near-certain failure, died Wednesday. He was 66. …read more […]
Coca-Cola Co topped Wall Street estimates for quarterly sales and profit on Wednesday, as more consumers bought its healthier soda options such as Zero Sugar and new flavors of Diet Coke, sending its shares up 2.7 percent.
Facebook said on Tuesday it planned to create an “innovation hub” to support local start-ups. The subsidiary was registered in Hangzhou, according to a filing approved on China’s National Enterprise Credit Information Publicity System last week and seen by Reuters on Tuesday. A Chinese government database showed that Facebook had gained approval to open a subsidiary. …read more […]
Former Fiat Chrysler chief executive Sergio Marchionne, one of the auto industry’s most tenacious and respected auto chiefs, has died, succumbing to complications from surgery.
Trade tariffs were partly to blame for lowered full-year forecasts by General Motors Co and Fiat Chrysler Automobiles NV (FCA) on Wednesday, pummeling the stocks of both automakers as investors feared worse is yet to come.
The S&P 500 was flat on Wednesday as gains in technology shares offset weak earnings from Boeing, General Motors and AT&T, while investors eyed a meeting between President Donald Trump and head of the European Commission on trade.
U.S. weapons maker Northrop Grumman Corp reported earnings on Wednesday that exceeded analysts’ profit estimates, but frustrated investors betting on an even better quarter after rival Lockheed Martin Corp’s strong results earlier this week. Northrop’s shares fell 6.2 percent at the start of trading after reporting its first results to include its $7.8 billion acquisition of rocket-maker Orbital ATK. Northrop also raised its earnings forecast for 2018, which it expected to be led by sales of parts used in fighter jets as well as a lower tax rate. …read more […]
At least a dozen companies and government agencies have been targeted and thousands more are exposed to data breaches by hackers exploiting old security flaws in management software, two cyber security firms warned in study published on Wednesday.
Boeing Co reported better-than-expected profit and revenue on Wednesday, but cut the full-year forecast for its defense business margins, citing $426 million in higher costs on its long-delayed KC-46 aerial refueling tanker program.
Former Fiat Chrysler chief executive Sergio Marchionne, one of the auto industry’s most tenacious and respected auto chiefs, has died, succumbing to complications from surgery.
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