Wall St. dips as trade worries weigh; Netflix tumbles
U.S. stock indexes edged lower on Thursday as investors awaited more developments around trade, while Netflix posted a surprise drop in U.S. subscribers, kicking off earnings for the FAANG group of stocks on a sour note.
Airbus closes in on Air France jetliner deal: sources
Airbus is close to a deal worth billions of dollars to sell dozens of A320neo-family and smaller A220 aircraft to Air France as the French network carries out a keenly awaited renewal of its medium-haul fleet, industry sources said.
Oil steadies, shrugging off Iran’s seizure of tanker in Gulf
Oil initially rose more than 1% on Thursday after Iran said it had seized a foreign tanker in the Gulf, but prices gradually lost their gains as it emerged that the vessel had only a small cargo and was detained on Sunday for fuel smuggling.
Wall Street opens lower as Netflix plunges
U.S. stocks opened lower on Thursday as shares of streaming pioneer Netflix tumbled, kicking off earnings for the FAANG group of stocks on a sour note.
Morgan Stanley profit beats on wealth management gains, lower expenses
Morgan Stanley reported a drop in quarterly profit but beat analysts’ expectations on gains in its wealth-management business and lower expenses.
Southwest removes Boeing 737 MAX from schedule until November 2, freezes pilot hiring
Southwest Airlines Co joined U.S. rivals on Thursday in cancelling more flights until early November due to the continued grounding of Boeing Co’s 737 MAX, which has also prompted the low-cost carrier to freeze new pilot hiring.
Netflix shares sink 11%, analysts still see growth
Wall Street brokerages stuck to a positive outlook on Netflix Inc on Thursday, betting that a strong content slate for the rest of 2019 would reverse shock losses in U.S. subscribers in the second quarter that sank its stock price.
Morgan Stanley profit beats on wealth management focus
Morgan Stanley reported a drop in quarterly profit but beat analysts’ expectations on slim gains in its wealth management business and lower expenses.
Oil rises after Iran says it seized foreign tanker in Gulf
Oil prices rose about 1% on Thursday after Iran said it had seized a foreign oil tanker in the Gulf amid rising tensions between Tehran and the West over the safety of shipping in the Strait of Hormuz, a vital gateway for energy exports.
Futures edge lower as Netflix tumbles
U.S. stock futures slipped on Thursday after streaming pioneer Netflix posted its first drop in U.S. subscribers since 2011, kicking off earnings for the so-called FANG group on a sour note.
