Business & Finance News
Twitter Inc on Friday said it lost 1 million monthly active users from the previous quarter and warned the closely watched figure could keep falling as it deletes more phony accounts, causing the biggest one-day decline in its shares since 2016.
Twenty-First Century Fox Inc and Walt Disney Co said on Friday their shareholders voted to approve Disney’s $71 billion purchase of Fox’s film and television assets.
Merck & Co beat quarterly profit estimates on Friday as sales of its blockbuster drug Keytruda overtook rival Bristol-Myers Squibb’s Opdivo, but that was not enough for investors who expected bigger gains in market share for the cancer therapy.
U.S. stocks fell on Friday as technology shares were dragged lower by disappointing results from Intel and Twitter, although a jump in Amazon after strong earnings helped curb losses.
World shares were little changed on Friday as mixed corporate profits and economic data that met expectations struggled to offset concerns over trade and central bank policy, though a key global equity index was still set for a fourth week of gains.
Exxon Mobil Corp and Chevron Corp, two of the world’s largest oil producers, posted quarterly results far short of Wall Street’s expectations on Friday.
Merck & Co beat quarterly earnings estimates as sales of blockbuster drug Keytruda nearly doubled, but investors were disappointed after the drugmaker said it was unlikely to follow rival Eli Lilly in separating its animal health unit.
Two Silicon Valley firms have stopped shipping some electronic components to Russian customers even though they are not on the list of firms subject to U.S. sanctions, according to sources who work in the sector and a document seen by Reuters.
Twenty-First Century Fox Inc said on Friday its shareholders voted to approve Walt Disney Co’s $71 billion purchase of its film and television assets.
U.S. stocks rose on Friday as bumper earnings from Amazon lifted consumer discretionary stocks and data showed that the U.S. economy grew at its fastest pace in nearly four years.
As trade tensions escalate between Washington and Beijing, the U.S. Senate quietly passed legislation on Thursday that would lower trade barriers on hundreds of items made in China.
Shares of Amazon.com Inc rose 4 percent to hit an all-time high after the online retailing giant’s quarterly profit topped $2 billion for the first time, powered by its best operating margin in 13 years.
U.S. stocks opened higher on Friday as Amazon’s upbeat earnings pushed consumer discretionary stocks higher and as data showed that the U.S. economy grew at its fastest pace in nearly four years.
Exxon Mobil Corp and Chevron Corp, two of the world’s largest oil producers, posted quarterly results far short of Wall Street’s expectations on Friday, sending their shares dropping in morning trading.
U.S. stocks were set to open slightly higher on Friday as Amazon’s robust earnings buoyed the FAANG group of high-flying stocks and data showed that the U.S. economy grew at its fastest pace in nearly four years.
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