OTTAWA (Reuters) – Top U.S. allies are set for a showdown with Washington at this week’s G7 summit in Canada as the Trump administration shows no sign of backing down from protectionist policies that have upset trading partners and unnerved investors.
NEW YORK (Reuters) – Delta Air Lines on Wednesday lowered its second quarter profit forecast due to rising fuel costs, and its shares fell as much as nearly 4 percent before trimming those losses.
(Reuters) – Twitter is preparing a $1 billion convertible note offering, the social media hub said on Wednesday, one day after news that it would be included in the S&P 500 Index sent its shares up 5 percent to the highest price in more than three years.
(Reuters) – Wall Street edged higher on Wednesday as banks stocks lifted the S&P 500 and the Dow, while gains for Amazon and Tesla helped the Nasdaq notch another day of record gains.
(Reuters) – Jack Daniel’s maker Brown-Forman Corp said it has been trying to mitigate risk of potential retaliatory tariffs from top U.S. trade allies by increasing shipments to some markets overseas in the last few months.
(Reuters) – Under pressure from U.S. lawmakers in farming states, President Donald Trump has abandoned an overhaul of biofuels policy aimed at reducing costs for the oil industry, sending U.S. renewable fuel credit prices soaring more than 40 percent on Wednesday.
It hasn’t been the smoothest ride for AT&T Inc. (NYSE:T). In fact, after failing to push through $40 several times in 2016 and 2017, it’s been all downhill for T stock. The payout for T stock has gotten extreme. …read more […]
(Reuters) – PetSmart Inc, the largest U.S. pet retailer, has hired restructuring advisers to explore ways to trim its debt pile of more than $8 billion as it continues to face falling profits, according to people familiar with the matter.
With the prospect of a “blue wave” in the November elections, Republicans and Democrats appeared to have escaped embarrassment Wednesday after primaries across eight states. President Donald Trump cast the night as a win for Republicans. While some California contests remained too close to call, Republicans avoided disaster in the race for governor by nominating business executive John Cox to the November ballot. …read more […]
(Reuters) – Gains for Amazon and Tesla helped the Nasdaq open at a record high on Wednesday, before the index fell slightly as Facebook led a decline in the technology sector.
Former Cambridge Analytica CEO Alexander Nix allegedly withdrew more than $8 million from the British data firm before its collapse last month.The Financial Times, citing sources, reported that Nix took the cash shortly after media reports of Cambridge Analytica’s involvement in the Facebook data scandal.He is now in dispute with investors over returning the money, which was reportedly intended to help get successor data firm, Emerdata, off the ground.Nix told British lawmakers on Wednesday that the allegation in the FT article was “false.” …read more […]
NEW DELHI (Reuters) – India’s federal police will again ask AirAsia Group’s chief to appear for questioning over allegations the airline broke rules to obtain a flying license in the country, a source said on Wednesday, after he failed to answer a previous request.
(Reuters) – U.S. stock indexes opened higher on Wednesday, with electric carmaker Tesla and insurer United Health among the biggest drivers, while the tech-heavy Nasdaq inched to another record high.
(Reuters) – Tesla Inc shares rose 3.5 percent on Wednesday morning after Chief Executive Elon Musk said the car maker was now churning out 500 of its Model 3 sedans a day and should achieve its 5,000 per week target by the end of June.
(Reuters) – Healthcare software maker Athenahealth Inc said on Wednesday Chief Executive Officer Jonathan Bush has stepped down and the company would explore options, including selling itself.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
