Wall Street queries Google ad changes after rare revenue miss
Wall Street punished Google on Tuesday for managers’ refusal to give details of changes made to its ad platform in first-quarter results, following a rare miss of expectations for revenue due to a cleanup of YouTube content.
Wall Street set for mixed open, Alphabet to weigh on Nasdaq
Wall Street’s main indexes were on course for a mixed open on Tuesday as investors assessed a barrage of earnings reports, while a slump in shares of Google-parent Alphabet was set to weigh on the Nasdaq.
How to train your machine: JPMorgan FX algos learn to trade better
JPMorgan Chase, a top player in the $5.1 trillion-a-day global currency market has started applying a new technology that enables machine-trading programs to learn from previous trades and search for the most profitable way to execute them.
Siemens pips GE in race for $14 billion Iraq electricity infrastructure rebuild
Siemens is well placed to win the bulk of orders flowing from a $14 billion scheme to rebuild Iraq’s electricity infrastructure following years of war, the country’s Prime Minister Adel Abdul Mahdi said in Berlin on Tuesday.
Equities slip on China data; euro zone growth buoys single currency
European shares edged down on Tuesday after weak Chinese business surveys doused appetite for risk, while the single currency climbed after euro zone growth beat expectations.
U.S. labor costs increase moderately in first quarter
U.S. labor costs increased steadily in the first quarter as a jump in transportation and manufacturing wages was offset by small gains elsewhere, pointing to moderate inflation pressures even as the labor market tightens.
U.S. Upper Midwest factory growth rebounds in April
A gauge of manufacturing activity in the U.S. Upper Midwest rose in April, bolstered by increases in stronger production and hiring activities, according to a private-sector survey released on Tuesday.
Bacon-loaded menu drives McDonald’s sales jump, shares rise
McDonald’s Corp reported a better-than-expected rise in quarterly sales at established U.S. restaurants on Tuesday, boosted by the burger chain’s latest promotions and menu additions, sending its shares up about 4 percent.
Supervisors ignored Russian warnings over money laundering at Danske: document
Russia’s Central Bank sent warnings in 2007 and 2013 to Estonian and Danish financial supervisors over suspect transactions worth billion of dollars at the Estonian branch of Danske Bank but they were largely ignored, a confidential EU document shows.
Trade war and sagging prices push U.S. family farmers to leave the field
Shuffling across his frozen fields, farmer Jim Taphorn hunched his shoulders against the wind and squinted at the auctioneer standing next to his tractors.After a fifth harvest with low grain prices, made worse last fall by the U.S.-China trade war, th…
