Amazon to buy Israeli startup E8 storage: media
E-commerce giant Amazon has agreed to buy Israeli storage technology startup E8 Storage, Israeli financial media reported on Wednesday.
Oil rises as market awaits U.S. Fed rate cut
Oil prices rose for a fifth day on Wednesday, supported by a drop in U.S. inventories and investor expectations that the U.S. Federal Reserve will lower borrowing costs for the first time since the financial crisis more than a decade ago.
Spotify revenue beats but adds fewer-than-expected paid subscribers
Spotify Technology SA’s lighter-than-expected number of new paid subscribers drove shares as much as 5% lower in trading before the bell, overshadowing revenue, gross margins and user engagement successes in the second quarter.
Futures drift higher on Apple results; Fed rate decision awaited
U.S. stock index futures edged higher on Wednesday, as trade worries eased after Apple reported upbeat earnings and forecast, while investors awaited an almost certain cut in interest rates by the Federal Reserve.
GM faces declining sales and price wars in largest markets
(This July 31 story corrects name of GM unit to GM Financial in paragraph 8)
Latest U.S.-China trade talks ‘constructive’, Beijing says
U.S. and Chinese negotiators wrapped up a brief round of trade talks on Wednesday that Beijing described as “constructive”, including discussion of further purchases of American farm goods and an agreement to reconvene in September.
Baker Hughes profit beats on higher international demand, LNG activity
Baker Hughes, General Electric Co’s oilfield services arm, reported a better-than-expected quarterly profit on Wednesday, helped by higher activity in LNG markets and rise in international demand for oilfield services.
Carlyle to give shareholders a vote in switch to corporation
Carlyle Group LP emulated its peers on Wednesday with plans to convert from a publicly traded partnership into a corporation, and went one step further by announcing it will become the first U.S. private equity firm to hold shareholder votes.
Spotify reports bigger-than-expected loss, paid subscribers disappoint
Spotify Technology SA on Wednesday posted bigger-than-expected quarterly losses as it added fewer paid subscribers than estimated.
China says discussed purchase of U.S. agricultural goods in latest talks
Chinese and U.S. trade negotiators discussed the purchase of U.S. agricultural goods during trade talks this week and will meet again in the United States in September, the commerce ministry said on Wednesday.
