Halliburton profit beats as company cuts cost; shares surge
Halliburton Co on Monday beat analysts’ estimates for second-quarter profit as its Completions and Production unit outperformed expectations, pushing its shares up 6.8 percent in early trading.
Fitch cuts outlook for Boeing on 737 MAX issues
Fitch Ratings lowered its outlook for Boeing Co to “negative” from “stable” on Monday, citing regulatory uncertainty around the timing of its 737 MAX jets’ return to service.
Equifax to pay up to $700 million in U.S. data breach settlement
Credit-reporting company Equifax Inc will pay up to $700 million to settle U.S. federal and state probes into a massive 2017 data breach of personal information that affected around 147 million consumers, authorities said on Monday.
Microsoft to invest $1 billion in OpenAI
Microsoft Corp said on Monday it was investing $1 billion in San Francisco-based OpenAI and that the two had formed a multi-year partnership to develop artificial intelligence supercomputing technologies on Microsoft’s Azure cloud computing service.
Huawei secretly helped North Korea build, maintain wireless network: Washington Post
Huawei Technologies Co Ltd, the Chinese company put on a U.S. blacklist because of national security concerns, secretly helped North Korea build and maintain its commercial wireless network, the Washington Post reported on Monday, citing sources and in…
Wall St. set to open higher as earnings season gathers steam
Wall Street’s main indexes were set to open higher on Monday as investors eyed fresh trade developments between the United States and China during a busy week of corporate earnings, with results from marquee names including Facebook and Amazon on tap.
Oil prices rise more than 1% after Iran seizes British tanker
Oil prices rose more than 1% on Monday, as investors worried about possible supply disruptions in the energy-rich Middle East after Iran’s seizure of a British tanker last week.
Stocks struggle, oil jumps on Middle East tensions
European stocks lingered on Monday, hamstrung by dialled-down expectations for a larger U.S. rate cut this month, while escalating tensions in the Middle East boosted oil prices and rising fears for a no-deal Brexit haunted the pound.
Equifax to pay up to $650 million in data breach settlement
Credit-reporting company Equifax Inc will pay up to a record $650 million to settle U.S. federal and state probes into a massive 2017 data breach of personal information, authorities said on Monday.
Starbucks’ China rival Luckin Coffee plans first foray overseas
Starbucks’ Chinese challenger, Luckin Coffee , plans to open coffee shops in the Middle East and India, in its first move overseas.
