Business & Finance News
Payments processor Square Inc beat analysts’ estimates for quarterly profit on Wednesday, as it earned more from its subscription and services business.
The U.S. Department of Justice has demanded documents related to the transmission used in about 2 million of Ford Motor Co’s Fiesta and Focus vehicles sold throughout this decade, the Detroit Free Press reported on Wednesday.
Qualcomm Inc forecast current-quarter profit above Wall Street expectations and beat estimates for fourth-quarter revenue from its closely watched licensing business, sending its shares up 5% in extended trading.
The dollar slid and the three-day global stock market rally paused on Wednesday as U.S. productivity data disappointed and investors turned a bit cautious about U.S.-China trade talks.
U.S. stocks ended little changed on Wednesday as a report the U.S.-China trade deal could be delayed until December was offset by gains in healthcare shares.
Wearable device maker Fitbit Inc reported its first drop in revenue in five quarters on Wednesday as it faced intense competition from deeper-pocket companies such as Apple Inc and Samsung Electronics Co Ltd , underscoring challenges for buyer Alphabet Inc’s Google.
Oil prices dropped more than $1 a barrel on Wednesday after a much larger-than-expected build in U.S. crude inventories and after Reuters reported that the signing of a U.S.-China trade deal could be delayed until December.
Web hosting company GoDaddy Inc on Wednesday reported a 12% rise in third-quarter revenue as it added more customers.
A meeting between U.S. President Donald Trump and Chinese President Xi Jinping to sign a long-awaited interim trade deal could be delayed until December as discussions continue over terms and venue, a senior official of the Trump administration told Reuters on Wednesday.
Private equity firm Blackstone Group Inc Chief Executive Stephen Schwarzman said on Wednesday he was optimistic that the United States and China would resolve their 16-month-long trade war, helping to ease tensions between two of the world’s biggest economies.
CVS Health Corp reported higher-than-expected third-quarter profit on Wednesday as medical costs in its Aetna health insurance business came in below forecasts, and the company said its new strategy of using in-pharmacy clinics would contain healthcare spending going forward.
Uber Technologies Inc’s stock dropped 3% to a record low in its busiest trading session since the ride-hailing company’s Wall Street debut as employees and early investors on Wednesday became free to sell their shares.
A group of U.S. lawmakers introduced legislation on Wednesday that would block a federal retirement fund from investing in Chinese stocks.
Regulators have asked Boeing Co to fill in gaps in the documentation on its proposed 737 MAX software fix, industry sources told Reuters, raising new questions over the planemaker’s hopes to return the jet to U.S. service by year-end.
Oil prices fell on Wednesday after a much larger-than-expected build in U.S. crude inventories and after Reuters reported that the signing of a U.S.-China trade deal could be delayed until December.
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