Caterpillar earnings disappoint on weak China sales, higher costs
Caterpillar Inc’s earnings on Wednesday missed Wall Street’s estimates, hurt by a combination of weak sales in China and higher production and restructuring costs, sending its shares lower.
EBay to launch warehousing and shipping services next year
EBay Inc said on Wednesday it would launch a warehousing and shipping service for merchants selling through its site starting next year, a new strategy that is expected to attract more sellers to the e-commerce platform.
S&P 500 hovers near record levels on chip rally
The benchmark S&P 500 index hovered near record levels on Wednesday as semiconductor stocks rallied on reassuring comments from Texas Instruments on global chip demand and blunted the impact of weak earnings from bellwethers Boeing and Caterpillar.
Wall Street mixed as chip rally counters dismal Caterpillar, Boeing earnings
U.S. indexes were off their session lows on Wednesday as a rally in semiconductor stocks on reassuring comments from Texas Instruments on global chip demand blunted the impact of weak earnings from bellwethers Boeing and Caterpillar.
EBay to launch warehousing and shipping service next year
EBay Inc said on Wednesday it would launch warehousing and shipping service for merchants selling through its platform starting next year, a new strategy that is expected to attract more sellers to the e-commerce platform.
Hilton cuts forecast for key revenue measure amid slowing economic growth
Hilton Worldwide Holdings Inc cut its full-year outlook for a key revenue measure on Wednesday, citing a slowing global economy which was weighing on spending plans of businesses, sending the U.S. hotel operator’s shares down as much as 2.8%.
Downbeat U.S. earnings sour investor optimism; euro slides on soft data
U.S. stocks were mixed on Wednesday as a series of disappointing earnings reports damped investor optimism over the prospect of a new round of U.S.-China trade talks next week, while the euro dropped to a two-month low amid soft economic data.
UPS profit beats expectations as demand for next day service surges
United Parcel Service Inc said on Wednesday a jump in demand for its Next Day Air service drove better-than-expected profit in the second quarter as large retailers rushed packages to online shoppers.
MAX jetliner grounding crisis pushes Boeing to biggest-ever loss
Boeing Co posted its largest-ever quarterly loss on Wednesday, diving nearly $3 billion into the red as it wrestles with a longer-than-expected grounding of its best-selling 737 MAX.
Oil rises on U.S. stock decline, Mideast tensions
Oil prices rose 1% on Wednesday, supported by a sharp fall in U.S. crude stocks and tensions over Iran, but concern about global oil demand capped further gains.
