Business & Finance News
Common shares in many high-flying venture-backed startup companies are worth less than headlines lead some people to believe, and an online calculator that two finance professors debuted on Wednesday can now quantify that discrepancy.
Alphabet Inc’s Waymo and General Motors Co’s Cruise are leading a backlash against a California reporting requirement on self-driving vehicle test data that the companies claim is not relevant or accurate in measuring performance or progress.
Microsoft Inc said on Wednesday it does not expect to meet the third-quarter revenue forecast for its ‘more personal computing’ business, as a result of the coronavirus outbreak, sending its shares down more than 1% in after-market trading.
The S&P 500 fell for a fifth straight day on Wednesday and while its decline was slower than the last few days, the session was volatile as investors reacted to headlines about coronavirus and sought to gauge its economic fallout.
NMC Health has removed Chief Executive Prasanth Manghat with immediate effect and granted its finance chief extended sick leave, as more details emerge from an investigation into the UAE healthcare firm’s finances.
Stocks and oil prices resumed their fall on Wednesday after authorities said more than 80 people were being monitored for the novel coronavirus in New York state’s Long Island, adding to concern over its spread in Europe, Asia and the Middle East.
U.S. Senator Marco Rubio on Wednesday asked the Trump administration to review the national security implications of AT&T’s Inc’s planned sale of its majority stake in Central European Media Group Enterprises (CME) to the Czech-owned conglomerate PPF Group.
Microsoft Inc said on Wednesday it does not expect to meet the third-quarter revenue forecast for its ‘more personal computing’ business, as a result of the coronavirus outbreak.
The S&P 500 fell for a fifth straight day in a volatile session as investors reacted to the latest headlines regarding the spread of coronavirus and sought to gauge the economic fallout.
U.S. stock exchanges said on Wednesday they were watching coronavirus-related developments closely and had contingency plans in place to continue running if any of their operations were affected.
Apple Inc’s shareholders on Wednesday defeated a proposal critical of its removal of apps at the request of the Chinese government, but the proposal drew a much higher proportion of votes than similar proposals in previous years which had gained support only in single-digit percentages.
U.S. Republican Senator Marco Rubio on Wednesday asked the Trump administration to review the national security implications of AT&T’s Inc’s planned sale of its majority stake in Central European Media Group Enterprises (CME) to the Czech-owned conglomerate PPF Group.
Oil prices fell to their lowest in more than a year on Wednesday after hundreds of new coronavirus cases reported in Europe and the Middle East stoked fears that energy demand would decline, and on concerns that the virus could spread across the United States.
Self-driving car companies in California covered nearly 2.9 million miles on public roads during 2019, the state’s Department of Motor Vehicles said on Wednesday.
U.S. stocks lost ground with the S&P falling to session lows in a volatile session on investor jitters on Wednesday over the prospect of coronavirus cases in New York after officials said they were monitoring 83 people who visited China.
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