U.S. manufacturing activity slows further in July
U.S. manufacturing activity slowed to a near three-year low in July and a measure of new orders received by factories rebounded slightly, as the negative effects of a bitter trade war between the United States and China lingered.
Coffee baron’s death fuels India Inc anger over govt crackdown on wrongdoing
The apparent suicide of India’s coffee baron V.G. Siddhartha, under investigation by tax authorities, has inflamed anger toward the government among business leaders who feel it is going too far in its crackdown on fraud and tax evasion.
Bombardier posts quarterly loss, lowers 2019 forecast; shares plunge
Bombardier Inc lowered its full-year earnings and cash flow forecasts and reported a quarterly loss on Thursday, as it faces challenges in its important rail division, sending shares of the Canadian train and plane maker down 18%.
‘Truck, truck and away’: Pickups drive GM’s profit beat
General Motors Co posted a better-than-expected net profit on Thursday as high-margin pickup trucks, SUVs and crossovers helped overcome slowing sales in the United States and China, and reiterated its full-year earnings forecast.
ADM profit plunges as floods, U.S.-China trade war batter grain handler
Global grain trader and food processor Archer Daniels Midland Co on Thursday reported a 41.3% drop in second-quarter adjusted profit and missed Wall Street expectations, after being battered by the U.S.-China trade war and severe U.S. weather this spr…
Wall St. higher on tech boost, focus shifts to earnings
U.S. stocks bounced back on Thursday, helped by technology shares as focus shifted to corporate earnings after a cautious message from the Federal Reserve on interest rates drove some of the biggest falls since May in the previous session.
U.S. factory activity growth slows to weakest in nearly three years
The U.S. manufacturing sector expanded in July, but the pace of growth decelerated to its weakest in nearly three years stemming from a broad decline in activities from the month before, an industry report released on Thursday showed.
BNP Paribas expects only one more U.S. rate cut in 2019
BNP Paribas analysts said late Wednesday they expect the Federal Reserve to lower key U.S. borrowing costs only one more time in 2019, with a 25 basis-point cut in September as an insurance against mounting risks.
Marathon Petroleum tops estimates on refining beat, retail strength
U.S. refiner Marathon Petroleum Corp beat estimates for quarterly profit on Thursday, benefiting from better-than-expected earnings from its refining segment as well as higher sales in its gas stations business.
Kellogg results beat forecasts on North America demand, shares surge
Kellogg Co beat Wall Street expectations for quarterly sales and profit on Thursday, and the food maker’s shares rose sharply as investments in marketing and product development drove higher demand for snacks, frozen waffles and meatless burgers in No…
