‘Shot across the bow’: U.S. increases pressure on UK ahead of key Huawei decision
The United States is making a final pitch to Britain ahead of a U.K. decision on whether to upgrade its telecoms network with Huawei equipment, amid threats to cut intelligence-sharing ties, people with knowledge of the matter told Reuters.
Oil price spike clouds corporate profit outlook, putting investors on edge
The spike in oil prices due to the escalating conflict between the United States and Iran is causing investors to worry that U.S. corporate earnings will be crimped by rising energy costs.
Futures slip as Iran’s attack on U.S. forces heighten Middle East tensions
U.S. stock index futures fell on Wednesday as Iran fired missiles at U.S.-led forces in Iraq in retaliation to the killing of a top Iranian commander last week, sparking fears of a wider war in the Middle East.
Luckin Coffee seeks more of China market with new vending machine business
Luckin Coffee Inc said it is expanding into vending machines that sell freshly brewed hot beverages and snacks, seeking even more of the China market after overtaking Starbucks Corp as the country’s biggest coffee chain by number of stores.
Stocks, gold and oil whipsawed as Iran strikes spark fears of wider Mideast war
Financial markets were roiled on Wednesday after Iran fired missiles at U.S. forces in Iraq, sending Asian stocks and U.S. Treasury yields sliding and jolting oil prices higher as investors feared a wider conflict in the Middle East.
Exclusive: Impossible Foods has stopped McDonald’s burger talks, shares of Beyond Meat jump
Impossible Foods is no longer trying to win a coveted deal to supply McDonald’s Corp with plant-based burgers, telling Reuters it cannot produce enough of its imitation meat to partner with the world’s No. 1 fast-food chain.
Oil gains trimmed as tensions on Iran strike recede – for now
Oil markets calmed on Wednesday after prices had jumped to their highest in months in the wake of a rocket attack by Iran on American forces in Iraq that raised the specter of a spiraling conflict and disrupted crude supplies.
Stocks, gold and oil whipsawed as Iran strikes pushes Mideast to brink
Financial markets were roiled on Wednesday after Iran fired missiles at U.S. forces in Iraq, sending Asian stocks and U.S. Treasury yields sliding and sharply lifting oil prices as investors feared a wider conflict in the Middle East.
Samsung Electronics says profit fall likely milder than forecasts as chip prices bottom out
Samsung Electronics Co Ltd on Wednesday said quarterly operating profit likely fell at a milder pace than analysts forecast, indicating memory chip prices bottomed out and strengthening hope of recovery from an industry downturn.
U.S. FAA bans airlines from flying over Iraq, Iran after missile attack on U.S. troops
The U.S. Federal Aviation Administration said it would ban U.S. carriers from operating in the airspace over Iraq, Iran, the Gulf of Oman and the waters between Iran and Saudi Arabia after Iran launched a missile attack on U.S.-led forces in Iraq.
