Business & Finance News
Wall Street gained on Monday as technology shares rose ahead of quarterly results from Alphabet Inc, the last member of the FAANG group of internet companies to announce its earnings.
General Motors Co on Monday said it was starting to hand pink slips to about 4,000 salaried workers in the latest round of a restructuring announced in late November that will ultimately shrink its white-collar workforce in North America by 15 percent out of 54,000.
Shares of Chipotle Mexican Grill have surged over 70 percent over the last 12 months, but some U.S. fund managers are waiting for Feb. 6 earnings results to confirm that the burrito-chain is truly back from its 2015 food safety crisis.
Wall Street gained on Monday to hit session highs boosted by technology shares ahead of Alphabet’s earnings, the last FAANG stock to post quarterly results.
Huawei executive Meng Wanzhou, who was arrested in Canada and faces possible extradition to the United States, is exploring a defense that claims U.S. charges against her are politically motivated, the Globe and Mail newspaper reported on Monday.
Slack Technologies Inc said on Monday it had confidentially applied with the U.S. Securities and Exchange Commission to list shares publicly, moving business messaging service a step closer to going public in what is expected to be a high-profile year for initial public offerings.
The U.S. dollar gained for a third straight session against a basket of currencies and U.S. Treasury yields rose on Monday as investors sought to zero in on the path of interest rates, while oil prices pulled back from roughly two-month highs.
British Business Minister Greg Clark said on Monday Nissan will need to reapply for government funding made available to the car industry, after it scrapped plans to build its new X-Trail SUV in Britain.
Bill Gross, once the global bond market’s most influential investor and prognosticator, will retire in coming weeks from Janus Henderson Group Plc, ending an attempt to reclaim the stature he had previously enjoyed as head of the world’s largest fixed-income investing firm.
Business messaging service Slack Technologies Inc said on Monday it had confidentially applied for an initial public offering with the U.S. Securities and Exchange Commission.
Germany is facing a budget shortfall of around 25 billion euros ($29 billion) by 2023 as an economic slowdown means tax revenues will come in below previous estimates, a Finance Ministry document obtained by Reuters showed.
Business messaging service Slack Technologies Inc said on Monday it had confidentially applied for an initial public offering with the U.S. Securities and Exchange Commission (SEC).
A U.S. plan to hike tariffs on China next month could trigger an economic downturn and let other countries take over about $200 billion of China’s exports, a study by the U.N. trade and development agency UNCTAD said on Monday.
Danish logistics company DSV’s $4 billion-plus bid for Panalpina hit a roadblock on Monday when the Swiss freight forwarder’s top shareholder rejected the offer, saying Panalpina should stick to its own “consolidator strategy”.
New orders for U.S.-made goods unexpectedly fell in November amid sharp declines in demand for machinery and electrical equipment, government data showed on Monday, suggesting a slowdown in manufacturing as 2018 ended.
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