Business & Finance News
U.S. stocks opened flat on Wednesday as trade worries and concerns about the balance of monetary policy and growth outweighed solid results from Bank of America and a boost to chipmakers from Dutch company ASML.
Boeing Co said on Wednesday at least half of its $100 million fund for victims and communities affected by two deadly 737 MAX crashes would go directly to the families of those killed.
Bank of America Corp lowered its annual net interest income guidance on Wednesday to reflect a weakened interest rate environment as the second-largest U.S. lender reported higher-than expected earnings fueled by strong consumer trends.
Wall Street was set for a muted open on Wednesday as trade worries and concerns about the balance of monetary policy and growth outweighed solid results from Bank of America and a boost to chipmakers from Dutch company ASML.
Amazon became the target of an antitrust investigation by the European Union on Wednesday over its use of merchants’ data, underlining the increasing regulatory scrutiny about how tech companies exploit customers’ information.
Microsoft Corp and AT&T Inc on Wednesday said they reached a deal under which the telecommunications firm will tap Microsoft’s Azure cloud service for its computing needs and provide Office 365 software to much of its 268,000-strong workforce.
Worries about the balance of monetary policy and growth kept U.S. stock futures flat on Wednesday, subduing the impact of solid results from Bank of America and a boost for chipmakers from Dutch company ASML.
Bank of America Corp beat estimates for quarterly profit on Wednesday, as the United States’ second-largest lender’s loan book benefited from a healthy domestic economy.
Facebook Inc will face more questioning on Wednesday by U.S. lawmakers over its planned cryptocurrency after a bruising first bout when senators from both parties condemned the project, saying the company had not shown it could be trusted.
Resurgent trade tensions, concern over the outlook for corporate America and the growing risk of a chaotic Brexit in the United Kingdom curtailed appetite for equities on Wednesday and stoked demand for “safe” government bonds.
Bank of America Corp reported a 10% increase in quarterly profit on Wednesday as a healthy U.S. economy boosted demand for loans.
Amazon has reached a deal with Germany’s anti-trust authority to overhaul its terms of service for third-party merchants, acting to appease regulators as the European Union announced its own investigation of the e-commerce giant.
Amazon on Wednesday became the target of an antitrust investigation by the European Union over its use of merchants’ data, underlining the increasing regulatory scrutiny over how tech companies exploit customers’ information.
U.S. online retailer Amazon said on Wednesday that it would cooperate fully with EU antitrust regulators investigating its use of merchants’ data.
EU antitrust regulators will investigate Amazon, the world’s largest online retailer, to see if its use of other merchants’ data breaches EU antitrust rules, the European Commission said on Wednesday.
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