General Mills sales hit by low demand for Nature Valley, Fiber One bars
General Mills Inc’s quarterly sales fell short of Wall Street estimates on Wednesday, hurt by lower demand for its Nature Valley and Fiber One snack bars, sending its shares down as much as 10%.
Dollar gains on lower rate cut expectations, stocks flat
The dollar edged higher and European shares fell on Wednesday as traders curbed expectations of an aggressive U.S. interest rate cut in July, while Wall Street traded little changed on mixed signals over China-U.S. trade talks at the G20 summit in Jap…
Oil prices rise 3% as U.S. crude, products stockpiles fall
Oil prices rose about 3% on Wednesday and hit their highest in about a month, buoyed by U.S. government data that showed a much larger-than-expected drawdown in U.S. crude inventories as exports hit a record high, and surprise drops in refined product …
Global chipmakers rally on Micron’s upbeat results, Huawei shipments
Shares of chipmakers rose on Wednesday after Micron Technology Inc forecast a recovery in chip demand in the second half of the year, easing concerns that rising trade tensions would exacerbate a slump in the sector.
Wall St. higher on tech boost, trade hopes
U.S. stocks rose on Wednesday after comments from Treasury Secretary Steven Mnuchin’s fueled optimism that the United States and China were close to striking a trade deal, while the tech sector was boosted by chipmaker Micron’s upbeat results.
U.S. Treasury Secretary says U.S., China were close to trade deal: CNBC
U.S. Treasury Secretary Steven Mnuchin said on Wednesday that the United States and China were close to a trade deal, CNBC reported.
Wall St. opens higher on tech boost, trade hopes
U.S. stocks opened higher on Wednesday, as chipmaker Micron Technology’s upbeat results lifted technology shares and Treasury Secretary Steven Mnuchin’s comments fueled optimism that the United States and China would strike a trade deal.
France’s Macron hopes Renault and Nissan will strengthen their alliance
French President Emmanuel Macron said on Wednesday he wanted Renault and Japan’s Nissan Motor to strengthen their alliance, with an eye on the fields of electric vehicles and automated driving.
U.S. Treasury Secretary says U.S., China were close to trade deal: CNBC
U.S. Treasury Secretary Steven Mnuchin said on Wednesday that the United States and China were close to a trade deal, CNBC reported.
General Mills quarterly sales hit by lower snacks demand, shares fall
Cheerios cereal maker General Mills Inc reported quarterly sales below Wall Street estimates on Wednesday, hit by lower snacks demand in North America, sending shares down 6% before the bell.
