Wall Street gives up record high following weak results, Draghi
Wall Street fell from record highs on Thursday following a flurry of downbeat quarterly results from Ford Motor and other companies and after European Central Bank chief Mario Draghi’s comments disappointed investors hoping for a more dovish stance on …
U.S. DOJ in talks with states to win support for T-Mobile, Sprint merger: WSJ
The U.S. Justice Department is negotiating with state officials to get them to support a planned settlement that would allow T-Mobile US Inc and Sprint Corp to merge by selling assets to Dish Network Corp , the Wall Street Journal reported, citing pe…
U.S. to pay farmers up to $16 billion for trade war losses, South to benefit
The U.S. government will pay American farmers hurt by the trade war with China between $15 and $150 per acre in an aid package totaling $16 billion, officials said on Thursday, with farmers in the South poised to see higher rates than in the Midwest.
Intel eases chip demand concerns with raised forecast, shares gain
Intel Corp forecast current-quarter profit and revenue above estimates and raised its full-year revenue forecast on Thursday, allaying concerns about a global semiconductor sales slowdown and curbs on U.S. sales to Huawei Technologies.
Alphabet second-quarter revenue beats estimates; shares soar
Alphabet Inc reported quarterly revenue and earnings that beat expectations on Thursday, easing concerns about the short-term growth challenges facing Google, YouTube and the company’s other advertising businesses even as it faces antitrust investigati…
Equities fall, bond yields rise on Draghi remarks, mixed earnings
U.S. stocks backed off record highs and government bond yields ticked up on Thursday following mixed earnings reports and rosier-than-expected economic sentiment from the European Central Bank.
Apple pays $1 billion for Intel unit in push for chip independence
Apple Inc took a major step toward supplying its own smartphone chips by purchasing the majority of Intel Corp’s modem business in a deal valued at $1 billion, the companies said on Thursday.
U.S. attorney general, eight state AGs meet over big tech ‘stifling competition’: statement
Eight state attorneys general met on Thursday with U.S. Attorney General William Barr to discuss concerns about big tech companies, according to a statement from the Texas attorney general’s office.
T-Mobile beats estimates for phone subscribers
T-Mobile US Inc on Thursday beat analysts’ estimates for second-quarter net new phone subscribers who pay a monthly bill, boosted by the U.S. mobile carrier’s competitive wireless plans aimed at fending off its bigger rivals.
T-Mobile reschedules analyst call without giving reason
T-Mobile US Inc has rescheduled a call with analysts that was to be held on Thursday following its earnings release, the company said on its website.
