Oil prices steady, U.S.-China trade dispute remains in focus
Oil prices steadied on Wednesday after falling at the start of the session, with the potential for damage to the global economy and fuel demand from the intensifying Sino-U.S. trade dispute continuing to cast a shadow over the market.
Fragile calm returns to stock markets as yuan steadies
Asian shares steadied slightly on Wednesday as investors caught their breath from a searing week-long selloff, with steps taken by Chinese authorities to contain a sliding yuan helping calm fears of a full-blown Sino-U.S. trade and currency war.
Twitter says it may have used user data for ads without permission
Twitter Inc said on Tuesday that it may have used data for personalized ads without a user’s permission due to issues with the microblogging website’s settings.
Disney to bundle Disney+, Hulu, ESPN+ at popular Netflix price
Walt Disney Co on Tuesday said it would offer a $13-per-month bundle of its three streaming services starting in November, a move to attract audiences who have embraced digital services such as Netflix Inc .
New York retail icon Barneys files for bankruptcy
Barneys New York Inc filed for bankruptcy protection on Tuesday and put itself up for sale, pushed to the brink by falling revenue and soaring rent at its stores that caused many vendors to effectively stop shipping merchandise to the luxury department…
Walmart says Mexico same-store sales rise 2.2% in July
Walmart de Mexico, Mexico’s biggest retailer, said on Tuesday that sales at stores open for more than a year in Mexico rose by 2.2% in July compared to the same month last year.
U.S. FDA says some data testing Novartis’ $2 million gene therapy was manipulated
The U.S. Food and Drug Administration said on Tuesday that some data from early testing of Novartis’ more than $2 million gene therapy Zolgensma was manipulated, but the agency believes the treatment should remain on the market.
Disney earnings miss forecasts as costs rise for its streaming future
Walt Disney Co reported a steeper earnings decline than Wall Street expected on Tuesday as the company poured money into its ambitious plunge into streaming media and began folding in assets purchased from Twenty-First Century Fox.
Trump dismisses fears of long-lasting trade war; China sees severe global impact
U.S. President Donald Trump dismissed fears of a protracted trade war with China on Tuesday despite a warning from Beijing that labeling it a currency manipulator would have severe consequences for the global financial order.
Factbox: Marvel, monsters and ‘Mandalorian’ coming to Disney+ app
Walt Disney Co is set to launch its family-friendly streaming service, Disney+, later this year with a slate of new and classic TV shows and movies, as the company founded on theme parks and big-screen movies builds a digital entertainment business.
