Business & Finance News
Qualcomm Inc , the world’s biggest maker of chips for mobile phones, said on Wednesday it would drop its bid to buy Dutch chipmaker NXP Semiconductors after failing to secure regulatory approval from China against a backdrop of widening trade tensions.
Wall Street’s major indexes rose on Wednesday as U.S. President Donald Trump secured concessions from the European Union on trade.
Mondelez International Inc on Wednesday reported a better-than-expected quarterly profit as it sold more Cadbury chocolates and Oreo biscuits in Europe and North America, while keeping a lid on costs.
Advanced Micro Devices Inc beat analysts’ estimates for quarterly profit and revenue on Wednesday, as a rare surge in demand for personal computers boosted sales of its processors as well as graphics chips used in computers and data centers.
Chipmaker Advanced Micro Devices Inc’s quarterly revenue rose 53 percent on Wednesday, as a rare surge in demand for personal computers boosted sales of its processors and graphics chips used in computers and data centers.
PayPal Holdings Inc on Wednesday reported a second-quarter profit that beat analysts’ expectations as the company processed more payments for merchants and consumers.
FANG stocks taking a hit in after hours trade on Wednesday after Facebook’s Q2 report badly disappointed investors
Global stocks extended their rally into a fourth consecutive day on Wednesday after U.S. President Donald Trump and the European Union reached an agreement that investors hope will avert a trade war.
U.S. President Donald Trump has secured concessions from the European Union to avoid a trade war, the Wall Street Journal reported on Wednesday, citing an EU official who was in the room during talks between Trump and the EU’s Jean-Claude Juncker.
Visa Inc , the world’s largest payments network, on Wednesday posted a 13 percent rise in quarterly profit, as strong economic growth globally helped fuel a booming credit card market.
Facebook Inc fell short of analysts’ estimates for monthly active users on Wednesday and reported lower-than-expected quarterly revenue, months after the social network became embroiled in a data scandal affecting millions of users.
Ford Motor Co on Wednesday posted a second-quarter net profit that was down by almost half from the prior-year period, missing analyst expectations, due to a fire at a parts supplier that disrupted production of its popular pickup trucks, while falling sales and tariffs hurt the automaker’s business in China.
Qualcomm Inc , the world’s biggest maker of chips for mobile phones, on Wednesday said it intends to drop its bid to buy Dutch chipmaker NXP Semiconductors after so far failing to secure approval from China against the backdrop of wider Sino-U.S. trade tensions.
U.S. President Donald Trump has secured concessions from the European Union to avoid a trade war, CNBC reported on Wednesday, quoting a Dow Jones report that cited an EU official.
U.S. President Donald Trump and the European Union’s chief executive, Jean-Claude Juncker, were expected to make statements at a joint event on Wednesday following a meeting on trade, White House officials said.
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