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Amazon’s Prime Day runs into early snags

July 16, 2018 admin Comments Off

Amazon’s website ran into some early snags Monday on its much-hyped Prime Day, an embarrassment for the tech company on the shopping holiday it created. Shoppers clicking on many Prime Day links after the 3 p.m. ET launch in the U.S. got only images of dogs — some quite abashed-looking — with the words, “Uh-oh. Amazon didn’t immediately respond to a request for comment, but by about 4:30 p.m., many Prime Day links were working. …read more […]

S&P 500 dips as energy shares fall; Netflix drops late after results

July 16, 2018 admin Comments Off

The S&P 500 ended slightly lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financials as Bank of America’s results reinforced expectations of a strong U.S. earnings season.

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Netflix shares tank after subscriber numbers miss targets

July 16, 2018 admin Comments Off

Netflix Inc’s subscriber growth and forecast fell short of Wall Street expectations, sending shares of the normally high-flying stock crashing 14 percent on Monday.

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Netflix subscriber growth misses estimates; shares tumble

July 16, 2018 admin Comments Off

Netflix Inc missed Wall Street forecasts for U.S. and international subscribers, saying it had overestimated the pace of new additions for April through June but remained confident in long-term growth.

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Netflix subscriber numbers disappoint, stock plunges

July 16, 2018 admin Comments Off

The news set Netflix’s stock down in after-hours trading. …read more […]

Buffett donates $3.4 billion to Gates’ and family charities

July 16, 2018 admin Comments Off

Warren Buffett has donated roughly $3.4 billion of Berkshire Hathaway Inc stock to five charities, the billionaire’s largest contribution in his plan to give away his fortune.

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Oil’s 4 percent tumble weighs on energy shares; banks rally

July 16, 2018 admin Comments Off

The price of oil tumbled more than 4 percent on Monday, putting pressure on energy shares and keeping global stock markets in check, although financial shares rallied after upbeat news from Bank of America and Deutsche Bank.

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Ford agrees to $299.1 million U.S. Takata air bag settlement

July 16, 2018 admin Comments Off

Ford Motor Co agreed to a so-called economic loss settlement of $299.1 million covering at least 6 million U.S. vehicles with potentially faulty Takata air bag inflators, court documents filed in a federal court in Miami on Monday show.

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Kinder Morgan Inc Earnings Preview: What to Watch

July 16, 2018 admin Comments Off

Investors have important questions that they hope the pipeline giant will address when it reports second-quarter results after the market closes on Wednesday. …read more […]

Wall St. slides, tumbling oil prices weigh on energy stocks

July 16, 2018 admin Comments Off

U.S. stocks mostly edged lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financials as Bank of America’s results reinforced expectations of a strong U.S. earnings season.

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U.S. arms makers praise new U.S. weapons export policy

July 16, 2018 admin Comments Off

U.S. arms makers attending the Farnborough Airshow in Britain on Monday lauded the U.S. government’s push to sell more weapons overseas and said they expected European defense spending to increase in the coming years.

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Ford agrees to $299.1 million U.S. Takata ‘economic loss’ settlement

July 16, 2018 admin Comments Off

Ford Motor Co agreed to a $299.1 million so-called economic loss settlement covering at least 6 million U.S. vehicles with potentially faulty Takata air bag inflators, court documents filed in a federal court in Miami on Monday show.

…read more […]

Brent oil falls 4 percent to three-month low as supply outage concerns ease

July 16, 2018 admin Comments Off

Oil prices slumped more than 4 percent on Monday, with Brent reaching a three-month low, as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers.

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S&P 500 slips with energy shares, but financials bounce

July 16, 2018 admin Comments Off

U.S. stocks mostly edged lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financial stocks as Bank of America’s results reinforced expectations of a strong U.S. earnings season.

…read more […]

U.S. launches five WTO challenges to retaliatory tariffs

July 16, 2018 admin Comments Off

The United States launched five separate World Trade Organization dispute actions on Monday challenging retaliatory tariffs imposed by China, the European Union, Canada, Mexico and Turkey following U.S. duties on steel and aluminium. The retaliatory tariffs on up to a combined $28.5 billion worth of U.S. exports are illegal under WTO rules, U.S. Trade Representative Robert Lighthizer said in a statement. …read more […]