Business News
Wall Street gains; investors expect strong earnings
U.S. stocks rose on Monday, helped by bank, industrial and energy shares, as investors looked ahead to a strong quarterly earnings season.
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Business News
Stocks hit two-week high as banks lead ahead of earnings
Global stocks hit a two-week high on Monday with bank shares leading the drive higher ahead of earnings reports from the biggest U.S. lenders later in the week, while sterling took at hit after another British cabinet resignation.
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HPE could mitigate impact of future U.S. tariffs, CEO says
Hewlett Packard Enterprise Co (HPE.N) can boost manufacturing at its facility in Wisconsin if trade tensions with China escalate, Chief Executive Antonio Neri said on Monday. Speaking at a Reuters Newsmaker event in San Francisco, Neri said HPE, whose products are not directly affected by tariffs that took effect last week, could modify production plans if additional tariffs affect its equipment made in China. HPE produces three servers every 10 seconds globally. …read more […]
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Trump slams Pfizer after July 1 drug price hikes
NEW YORK/WASHINGTON (Reuters) – U.S. President Donald Trump on Monday took aim at Pfizer Inc (PFE.N) and other U.S. drugmakers after they raised prices on some of their medicines on July 1, saying his administration would act in response. “Pfizer & others should be ashamed that they have raised drug prices for no reason.” Trump wrote in a post on Twitter on Monday. Trump had said in May that some drug companies would soon announce “voluntary, massive” cuts in prices, but none have materialized yet. …read more […]
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New Microsoft Surface hardware is probably arriving tomorrow
Microsoft all but announced as much via the official Surface account. The …read more […]
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Twitter is getting smoked after deleting 70 million suspicious accounts over the past 2 months
Twitter sank more than 8% Monday morning after the Washington Post reported that the social-media company deleted more than 70 million accounts in May and June. Although the report came out on Friday, it wasn’t until after markets had already closed. …read more […]
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Twitter says removal of fake accounts does not hurt user metrics
The newspaper had said the social media company had suspended more than 70 million fake accounts in May and June, leading to a decline of monthly active users in the second quarter. “Most accounts we remove are not included in our reported metrics as they have not been active on the platform for 30 days or more, or we catch them at sign up and they are never counted,” CFO Ned Segal tweeted on Monday. …read more […]
Business News
HPE could mitigate impact of future U.S. tariffs, CEO says
Hewlett Packard Enterprise Co can boost manufacturing at its facility in Wisconsin if trade tensions with China escalate, Chief Executive Antonio Neri said on Monday.
Business News
Fox preparing to top Comcast offer for Sky: FT
Twenty-First Century Fox Inc is preparing a new bid for Sky Plc that values it at about 25 billion pounds ($33.14 billion) to top the offer it has received from Comcast Corp , the Financial Times reported on Monday.
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BlackRock expands in Paris with new hires ahead of Brexit, source says
BlackRock has increased its staff in Paris and is seeking to set up an alternative investment management business there, a source close to the company said on Monday, in another sign of the French capital’s increasing post-Brexit appeal.
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Siemens, Alstom deal faces full-scale EU antitrust probe: sources
Siemens and Alstom are set to face a full-scale EU antitrust investigation this week after declining to provide concessions to allay regulatory concerns about their plan to combine their rail operations, two people familiar with the matter said.
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Twitter says removal of fake accounts does not hurt user metrics
Twitter Inc said on Monday it has removed fake accounts but that does not impact its reported user metrics as was indicated in a report by The Washington Post.
Business News
Bank rally helps Wall Street as investors await strong earnings
U.S. stocks rose on Monday, with banks and industrial stocks driving a third day of gains on Wall Street as investors looked ahead to a strong quarterly earnings season, setting aside trade concerns.
Business News
China’s CATL to build its first European EV battery factory in Germany
Chinese battery maker Contemporary Amperex Technology Ltd (CATL) will build its first production site in Europe in Germany, agreeing a major contract with BMW to supply lithium-ion batteries.
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Groupon soars on takeover talk; Starbucks in focus; Amazon Prime Day details; Disney’s ‘Ant Man and the Wasp’ tops box office
Yahoo Finance’s Seana Smith on the stocks making headlines in midday trading Monday. …read more […]