Tech stocks weigh on Wall Street after weak Intel results
U.S. stocks edged lower on Friday as technology shares were hit by Intel’s dour results, while investors assessed data that showed domestic growth was boosted by temporary factors in the first quarter.
Good news from China could boost materials shares
Even as the lift from optimism over prospects for U.S.-China trade detente shows signs of wearing off for the wider U.S. stock market, upbeat sentiment around China’s economy could bolster shares of materials companies.
‘Anemic’ traffic raises doubts over Starbucks sales gains
Initial optimism over first-quarter results from Starbucks Corp was waning fast on Wall Street on Friday, as analysts questioned the longer-term prospects of its new sales push given subdued overall customer traffic numbers especially in China.
Strong growth gives U.S. leverage in China trade talks: White House adviser
Strong U.S. economic growth and modest inflation are giving Washington leverage over Beijing in trade talks, the White House’s top economic adviser said on Friday as U.S. and Chinese negotiators prepared for a new round of meetings next week.
Deutsche Bank focused on solo destiny after Commerzbank deal demise
Within hours of the collapse of merger talks with Commerzbank, Christian Sewing scrambled to convince investors and employees that Deutsche Bank can stand on its own two feet.
Retailers slip on Amazon’s 1-day delivery plan
Shares of Walmart, Target and other U.S. retailers fell on Friday as Amazon.com Inc unveiled a one-day delivery plan for its Prime members in a move to further disrupt the fiercely competitive retail landscape.
With Asda deal dead, Sainsbury’s looks to revive sales
With Sainsbury’s dream of creating Britain’s biggest supermarket group in tatters, its chastened CEO Mike Coupe needs to reassure investors he has the plan to arrest a sales decline when he presents annual results next week.
Chevron profit falls 27 percent on lower oil prices, Anadarko deal in focus
Chevron Corp’s first-quarter profit fell 27 percent from a year earlier due to lower crude oil prices and weaker margins in its refining and chemicals businesses, but topped forecasts and signalled it is committed to buying smaller rival Anadarko Petro…
American to take $350 million hit from 737 MAX, sees ungrounding this summer
American Airlines Group Inc cut its 2019 profit forecast on Friday, blaming an estimated $350 million hit from the grounding of Boeing’s 737 MAX planes, but said it was confident that the jets would start flying again before mid-August.
Daimler hurt by production delays at Mercedes, China slowdown
Daimler’s first-quarter operating profit fell 16 percent on Friday as a 718 million euro ($800 million) one-off gain failed to offset raw material costs, technology investments and production delays at three Mercedes-Benz factories.
