Business News
Factbox: Impact of trade tariffs on European companies
Some European companies are rethinking their strategies to cushion the impact of trade tensions between the world’s two biggest economies, the United States and China.
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Trading Ideas
Someone in California bought a winning lottery ticket worth more than half a billion dollars — here's exactly what a lottery winner should do, according to a financial adviser
A Mega Millions lottery drawing on Tuesday determined a ticket sold in California has winning numbers for an estimated jackpot of $522 million. Then, winners should call the lottery association, and assemble a team to manage the money. One lucky lottery winner could soon get their hands on over half a billion dollars. …read more […]
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Trump says China is targeting U.S. farmers, being 'vicious'
U.S. President Donald Trump accused China on Wednesday of targeting American farmers in a “vicious” way and using them as leverage to get concessions on trade. “China is targeting our farmers, who they know I love & respect, as a way of getting me to continue allowing them to take advantage of the U.S. They are being vicious in what will be their failed attempt. American farmers have been a particular target in the global clash over trade policy as other countries seek to retaliate for U.S. duties on Chinese goods as well as on steel and aluminum …read more […]
Business News
Global stocks rally stalls ahead of U.S.-EU trade meeting
A three-day stocks rally was threatening to stall on Wednesday, as markets waited for a meeting between U.S. President Donald Trump and European Commission chief Jean Claude-Juncker to see where the global trade war was heading next.
Business News
Wall Street set for lower open as Boeing, GM earnings disappoint
U.S. stocks were set to open lower on Wednesday as earnings reports from Boeing and General Motors failed to impress, ahead of a closely watched meeting between President Trump and European Union officials on trade.
Business News
U.S. warns of rising hacker threats to SAP, Oracle business software
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, the U.S. government warned on Wednesday based on a new report.
Business News
EU court sends the KitKat case back to trademark office
A long-running legal battle between global chocolate giants over the shape of KitKat finger wafers was sent back to the EU’s trademark office on Wednesday after judges dismissed appeals by both companies.
Trading Ideas
JP Morgan says Twitter is a top pick into earnings Friday
J.P. Morgan reiterates its overweight rating for Twitter shares, predicting the company will generate second-quarter sales above expectations. …read more […]
Trading Ideas
The Latest: Trump says it’s ‘sad’ Cohen recorded him
President Donald Trump is firing back at his longtime personal attorney Michael Cohen after the release of a recording Cohen secretly made of a conversation between the two men. The tape, made two months before the 2016 presidential election, captures Trump discussing a potential payment for a former Playboy model’s account of having an affair with him. The tape appears to contradict the Trump campaign’s later claim that Trump knew nothing about payments to a media company to keep model Karen McDougal’s story from becoming public. …read more […]
Business News
Study warns of rising hacker threats to SAP, Oracle business management software
At least a dozen companies and government agencies have been targeted and thousands more organizations are exposed to data breaches by hackers exploiting old security flaws in management software, two cyber security firms told Reuters.
Business News
Fiat Chrysler’s Marchionne dies, shares dive on profit slide
Former Fiat Chrysler chief executive Sergio Marchionne has died after a 14-year career in which he helped to rescue the carmaker, the news arriving on Wednesday moments before the group reported a surprisingly heavy fall in profit.
Business News
Boeing cuts full-year forecast for defense business, shares fall
Boeing Co reported a better-than-expected profit on Wednesday, but cut its full-year forecast for margins in its defense business, citing higher costs in the KC-46 aerial refueling tanker program.
Business News
Fiat Chrysler cuts 2018 outlook, shares tumble
Fiat Chrysler reported second-quarter operating profit below expectations on Wednesday, sending its shares sharply lower as the carmaker cut its full-year outlook in response to a weaker performance in China.
Business News
Coca-Cola results beat on higher Diet Coke, Zero Sugar demand
Coca-Cola Co topped Wall Street estimates for quarterly sales and profit on Wednesday, as more consumers reached out for its Zero Sugar brand and the new version of Diet Coke.
Business News
Fiat Chrysler CEO’s health crisis forced succession scramble
Former Fiat Chrysler Chief Executive Sergio Marchionne for more than a year assured investors that he and the automaker’s board were working on an orderly succession plan ahead of his expected departure in 2019.