Fidelity reviewing ties with Ken Fisher after ‘inappropriate’ comments
Fidelity Investments said on Tuesday it is reviewing its relationship with Ken Fisher after the investment firm leader made “highly inappropriate comments” at a conference last week.
Despite political headwinds, Huawei wins 5G customers in Europe
China’s Huawei may be facing closer official scrutiny in Europe amid U.S. allegations that it poses a security threat, but mobile operators in the region are still queuing up to buy its gear for their next-generation 5G networks.
New Pratt engine checks after Swiss A220 diverts to Paris
Pratt & Whitney recommended checks on engines on Airbus A220 aircraft and some Embraer jets after a Geneva-bound Swiss jet diverted to Paris with an engine problem, prompting the grounding of the rest of the airline’s A220 fleet.
Goldman profit slammed by souring WeWork, Uber bets
Goldman Sachs Group Inc missed Wall Street estimates for quarterly profit on Tuesday as it took heavy losses from high-profile investments in WeWork and Uber Technologies and faced up to a weakening global economy.
Google unveils Pixel 4 phones with radar, more affordable laptop
Alphabet Inc’s Google unveiled new Pixel smartphones with higher quality cameras, a radar sensor to track hand gestures and faster virtual assistant on Tuesday, but the devices had no surprise features to set them apart from rivals and nix concerns ab…
Stocks jump on report Brexit deal may be close, oil slips
Stocks in Europe and on Wall Street jumped about 1% on Tuesday on strong U.S. corporate results and a possible deal to avoid a disorderly British exit from the European Union, while oil prices fell as weak China data kindled global economic fears.
Wall Street soars after strong start to earnings season
Wall Street gained 1% on Tuesday as strong earnings from JPMorgan, UnitedHealth and Johnson & Johnson allayed concerns about the fallout from a prolonged U.S.-China trade war on corporate America.
UnitedHealth sees 2020 profit above Street target; shares climb 8%
UnitedHealth Group Inc on Tuesday provided an optimistic outlook for 2020 profit, saying it expected growth to be at least 13%, which outpaces current Wall Street estimates and sent its shares up as much as 8.6%.
Time running out to get off Amazon’s addictive cloud French minister warns
Amazon’s cloud computing is like a “soft drug”, a French minister said on Tuesday, warning that time was running out for Europe to wean itself off the U.S. company’s services.
Big banks say U.S. consumers sturdy as businesses quiver with growth fears
Quarterly results from four of the largest U.S. banks on Tuesday showed that American consumers are helping to prop up the economy, even as recession fears have led businesses to pull back on spending and borrowing.
