Business & Finance News
The S&P 500 registered its largest one-day percentage gain in about two months on Thursday, with technology shares providing the biggest boost as equities continued to rebound along with bond yields.
Uber Technologies Inc reported a $5.2 billion loss and revenue that fell short of Wall Street targets on Thursday as growth in its core ride-hailing business slowed, sending its shares down 6%.
A federal judge on Thursday dismissed antitrust lawsuits accusing several large U.S. pork companies of conspiring to limit the supply of pork to inflate prices and their own profits at the expense of consumers and other purchasers.
The U.S. Securities and Exchange Commission (SEC) on Thursday voted to propose rule changes to the way companies describe business, legal, and risk factors in their regulatory disclosures.
Chipmaker Broadcom Inc will buy Symantec Corp’s enterprise security business for $10.7 billion in cash, the antivirus software maker said on Thursday, as it tries to scale up its software business through deals.
A federal judge on Thursday dismissed antitrust lawsuits accusing several large U.S. pork companies of conspiring to limit the supply of pork in order to inflate prices and their own profits at the expense of consumers and other purchasers.
Stronger-than-expected Chinese export data helped push global stock markets higher on Thursday following a volatile week that had investors scrambling for safety on fears of a worldwide economic pullback.
Uber Technologies Inc reported lower-than-expected revenue for the second quarter on Thursday, sending shares down 12% as the largest U.S. ride-hailing company failed to show expected benefits of easing price competition.
Chipmaker Broadcom Inc is buying Symantec Corp’s enterprise security business for $10.7 billion in cash, the antivirus software maker said on Thursday.
U.S. stocks jumped on Thursday, giving the S&P 500 its biggest one-day percentage gain in about two months, as bond yields climbed a day after falling sharply while better-than-expected economic data in the United States and China helped to offset trade worries.
U.S. stocks jumped on Thursday, led by a more than 2% gain in technology shares, while better-than-expected economic data in the United States and China helped to offset worries about the trade war.
The operators of two new pipelines in West Texas shale fields are offering discounted prices to attract shippers accustomed to high fees to move oil to export hubs, according to the pipeline companies and federal filings.
A federal appeals court on Thursday rejected Facebook Inc’s effort to undo a class action lawsuit claiming that it illegally collected and stored biometric data for millions of users without their consent.
Oil jumped more than 2% on Thursday on expectations that falling prices could lead to production cuts, coupled with a steadying of the yuan currency after a week of turmoil spurred by an escalation in U.S.-China trade tensions.
Barrick Gold Corp is looking to sell its Tongon gold mine in the Ivory Coast and is working with Bank of Nova Scotia to identify buyers, Bloomberg said https://www.bloomberg.com/news/articles/2019-08-08/barrick-said-to-weigh-sale-of-tongon-mine-amid-asset-disposals on Thursday.
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