Business & Finance News
(Reuters) – Wall Street eked out a small gain on Wednesday as optimism over a spate of upbeat earnings was offset by jitters over rising bond yields and corporate costs.
(Reuters) – Qualcomm Inc’s quarterly profit fell 51.5 percent due to higher costs and as the chipmaker sold fewer modem semiconductors used in mobile phones.
NEW YORK (Reuters) – Wall Street climbed into positive territory on Wednesday as optimism over a spate of upbeat earnings was dampened by jitters over rising bond yields and corporate costs.
WASHINGTON (Reuters) – President Donald Trump met with Apple Inc Chief Executive Officer Tim Cook on Wednesday to discuss trade issues as the technology industry grapples with a U.S. spat over import tariffs with China, a manufacturing hub for the iPhone maker and other companies.
SAN FRANCISCO (Reuters) – Shares of Chipotle Mexican Grill rallied on Wednesday ahead of the company’s first quarterly report under a new chief executive hired to turn around the struggling burrito chain.
LIPETSK, Russia (Reuters) – French fries at McDonald’s restaurants from Moscow to Murmansk will be Russian from now on, as the American fast-food chain turns to homegrown potatoes to deal with rouble volatility caused by fluctuating oil prices and Western sanctions.
WASHINGTON (Reuters) – Volkswagen AG has reached a $33.5 million settlement with Maryland over state claims related to the German automaker’s excess emissions, court documents show.
(Reuters) – Twitter Inc shares fell about 5 percent Wednesday after the social network said its revenue growth would slow this year and costs rise as it works to fight the spread of hate speech and allegations of election manipulation through its service.
(Reuters) – Financial and technology stocks led Wall Street lower on Wednesday as concerns about rising U.S. bond yields eclipsed gains from Boeing and Comcast following strong results.
(Reuters) – Boeing Co’s profit surged past Wall Street estimates in the first quarter and booming demand for commercial jets pushed the world’s biggest planemaker to raise forecasts for cash flow and earnings in what promises to be another record year.
LIPETSK, Russia (Reuters) – French fries at McDonald’s restaurants from Moscow to Murmansk will be Russian from now on, as the American fast-food chain turns to homegrown potatoes to deal with rouble volatility caused by fluctuating oil prices and Western sanctions.
(Reuters) – U.S. oil major Chevron Corp has evacuated executives from Venezuela after two of its workers were imprisoned over a contract dispute with state-owned oil company PDVSA, according to four sources familiar with the matter.
(Reuters) – Nasdaq Inc is open to launching a cryptocurrency exchange in the future as the regulatory environment evolves, the head of the exchange operator said on Wednesday.
(Reuters) – U.S. stock indexes swung between gains and losses on Wednesday, as Boeing’s jump after upbeat results and outlook was negated by declines in technology stocks and rising U.S. bond yields.
NEW YORK (Reuters) – A gauge of global equities was poised for its longest losing streak of the year on Wednesday as 10-year U.S. Treasury yields once again rose above the 3 percent mark, stoking concerns about rising costs that could dampen corporate earnings this year.
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