U.S. stock indexes were trading lower on Thursday, as a batch of weak quarterly reports dampened a robust earnings season and trade tensions rose on news the European Union may retaliate if United States slaps tariffs on EU cars.
Blackstone Group LP on Thursday reported a 10 percent drop in quarterly distributable earnings, which it uses to pay dividends, as assets sales slowed even as many of its funds appreciated much more than the stock market.
Blackstone is still considering whether to convert to a corporation from a partnership and has been impressed by the stock performance of rival KKR & Co since it made the switch, President and Chief Operating Officer Jon Gray said on Thursday.
U.S. President Donald Trump on Thursday criticized the European Union and said the bloc was taking advantage of the United States, pointing to the record $5 billion fine European antitrust regulators imposed on Google. EU officials on Wednesday also ordered Google to stop using its popular Android mobile operating system to block its rivals, adding to trade tensions between Washington and Brussels. European Commission President Jean-Claude Juncker is scheduled to meet with Trump at the White House next Wednesday to discuss trade and other issues. …read more […]
U.S. President Donald Trump on Thursday criticized the European Union and said the bloc was taking advantage of the United States, pointing to the record $5 billion fine European antitrust regulators imposed on Google.
Danaher Corp said on Thursday it expects an earnings impact of a cent per quarter from the U.S.-China trade tariff dispute.
EU antitrust regulators on Thursday charged Qualcomm with a new violation in a case where the U.S. chipmaker has been accused of selling chipsets below cost to drive out Nvidia Corp unit and British phone software maker Icera.
A strong first-quarter sent the pharmaceutical company’s shares northward, but this positive momentum is starting to fade after a key regulatory setback. …read more […]
By Saqib Iqbal Ahmed, Jessica DiNapoli and Caroline Valetkevitch
The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level in more than 48-1/2 years, as the labor market continues to strengthen.
** Shares of Twenty-First Century Fox and UK’s Sky dip after Comcast says abandons bid for Fox assets
The dollar climbed to a one-year high but stocks wobbled and metal markets buckled badly on Thursday, as signs that China was resorting to credit-fuelled stimulus again helped drive down its currency.
Comcast Corp has dropped its pursuit of a group of media assets owned by Twenty-First Century Fox Inc on which it was bidding against Walt Disney , and instead focus on its offer for European pay-TV group Sky Plc .
Wall Street was set to open lower on Thursday after eBay and American Express reported disappointing results and trade tensions rose on news the European Union may retaliate if United States slaps tariffs on EU cars.
The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level in more than 48-1/2 years, as the labor market continues to strengthen.
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