TOKYO (Reuters) – Asian stocks slumped to nine-month lows on Thursday as investors worried that the Trump administration’s approach to trade is harming global economic growth – even as the White House approach to Chinese investment in U.S. technology companies appeared to be softening.
TOKYO (Reuters) – A pickup in production of Tesla Inc’s Model 3 cars, after earlier delays, has resulted in occasional battery cell shortages, a Panasonic Corp official said on Thursday in a sign Tesla is in overdrive to meet its end-June forecast.
(Reuters) – UK’s accounting watchdog said on Thursday it began an investigation into Deloitte LLP’s audit of two annual financial statements of SIG Plc and is focusing on the audit of cash and supplier rebates.
(Reuters) – Walmart Inc said late Wednesday it is introducing a 3D virtual shopping tour on its website that would help customers browse and choose items for their homes.
BEIJING/WASHINGTON (Reuters) – China has rejected U.S. requests for talks over how American airlines and their websites refer to Chinese-claimed Taiwan, according to sources, including a U.S. official, adding to tensions in a bilateral relationship already frayed by a major trade dispute.
Amid escalating trade war tensions between the United States and China, red-hot streaming giant Netflix, Inc. (NASDAQ:NFLX) stock suffered its worst drop in two years on Monday, June 25. Netflix stock closed down 6% and, at one point, was down 10%. Netflix has essentially zero exposure to the rising trade war tensions. …read more […]
SEATTLE (Reuters) – Amazon.com Inc on Wednesday said it would offer incentives to entice entrepreneurs to set up their own small package-delivery businesses as part of Amazon’s latest effort to solve the challenge of getting goods the last mile to customer doorsteps.
Microsoft Corp. agreed to pay $7.5 billion for GitHub earlier in June, but it wasn’t the only interested party. Google was in the running too, according to Diane Greene, head of the company’s cloud arm. “I wouldn’t have minded buying them, but it’s OK,” Greene said at a Fortune Magazine event in San Francisco on Wednesday. …read more […]
TOKYO (Reuters) – A group of Takeda Pharmaceutical Co Ltd shareholders trying to build support to block the $62 billion acquisition of London-listed Shire Plc failed to get a proposal passed at the drugmaker’s annual general meeting (AGM) on Thursday.
BEIJING (Reuters) – China’s commerce ministry said on Thursday it would carefully monitor U.S. policies on inbound investments, stressing that the country opposes using national security as grounds to restrict foreign investments.
Tech stocks have been under fire over the past few days and Monday was a great highlight of that fact. The PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) fell 2%, despite a late-session rally while bulls are growing tired of buying the dip amid continued trade-war rhetoric. Investors with a watchlist have likely noticed Microsoft Corporation (NASDAQ:MSFT), as MSFT stock has weathered the storm pretty well, but is now below $100. …read more […]
TOKYO (Reuters) – A senior Panasonic Corp official on Friday said a pickup in production of Tesla Inc’s Model 3 cars, after earlier delays, has resulted in occasional battery shortages.
TOKYO (Reuters) – Asian stocks slumped to nine-month lows on Thursday on growing worries the U.S. administration’s approach to trade is harming global economic growth even as it appeared to be modifying its approach to curb Chinese investments in U.S. technology firms.
(Reuters) – Chipotle Mexican Grill Inc said on Wednesday the chain will shut up to 65 underperforming restaurants and revamp its marketing under Chief Executive Officer Brian Niccol, but many questions remain unanswered about what to expect under the new leadership.
(Reuters) – Chipotle Mexican Grill Inc will shut up to 65 underperforming restaurants and revamp its marketing under Chief Executive Officer Brian Niccol, executives said in the chain’s Wednesday investor call on Wednesday, but few other details were given on what shareholders should expect under the new leadership.
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