Surging chip stocks propel S&P 500 and Nasdaq to records
The S&P 500 and Nasdaq hit record highs on Wednesday after reassuring comments from Texas Instruments about global chip demand blunted the impact of weak earnings reports from Boeing and Caterpillar.
S&P 500, Nasdaq hit record highs; euro drops on soft data
Tech companies led the S&P 500 and the Nasdaq to record closing highs on Wednesday but the Dow lost ground on downbeat earnings, while the euro dropped to a two-month low, pressured by soft economic data.
Cable firm Charter submitted plan to buy Sprint/T-Mobile assets: sources
Charter Communications submitted a proposal to the Justice Department to buy telecom assets being sold under the T-Mobile US Inc and Sprint Corp combination, but never heard back from the agency, three sources familiar with the matter said.
Facebook revenue beats estimates; discloses antitrust probe
Facebook Inc beat analysts’ estimates for revenue on Wednesday, even as the world’s largest social network agreed to pay a $5 billion fine over data privacy and announced a U.S. antitrust investigation.
Nasdaq short interest up 0.8% in early July
Short interest on the Nasdaq rose 0.8% in early July, the exchange said on Wednesday.
SoftBank to announce $40 billion investment in second Vision Fund: WSJ
SoftBank Group Corp is expected to announce a $40 billion investment in its new technology fund, the Wall Street Journal reported on Wednesday.
Oil falls 1% despite large U.S. stockpile decline
Oil prices fell 1% on Wednesday, failing to draw lasting support from a large decrease in U.S. crude stockpiles as investors worried about global oil demand.
Surging chip stocks send Nasdaq to record high
The Nasdaq hit a record high on Wednesday and the S&P 500 was close behind as reassuring comments from Texas Instruments about global chip demand blunted the impact of weak earnings reports from Boeing and Caterpillar.
Boeing posts biggest loss on 737 MAX, may have to halt production of jet
Boeing Co posted its largest-ever quarterly loss on Wednesday due to the spiraling cost of resolving issues with its 737 MAX, warning it may have to shut production of the grounded jet completely if it runs into new hurdles with global regulators gett…
Downbeat U.S. earnings cap investor enthusiasm; euro drops on soft data
U.S. stocks were mixed on Wednesday as a series of disappointing second-quarter results curbed investor optimism over a new round of U.S.-China trade talks next week, while the euro dropped to a two-month low, pressured by soft economic data.
