Dow futures hit by 3M results; upbeat tech results support Nasdaq
Dow and S&P futures were pressured by a steep fall in industrial company 3M’s shares on Thursday, while upbeat results from high-flying companies Facebook and Microsoft supported Nasdaq futures.
UPS profit misses estimates on severe U.S. winter
United Parcel Service Inc on Thursday blamed harsh winter weather in the United States as it reported a lower-than-expected first-quarter profit, sending the world’s biggest package delivery company’s shares down 1.2 percent before the bell.
Fed done raising rates; cut by end-2020 growing more likely: Reuters poll
The U.S. Federal Reserve is done raising interest rates until at least the end of next year, while about a third of economists polled by Reuters who had a view that far out predicted at least one rate cut by then.
‘Don’t shoot yourself in the foot’: Inside Mexico’s campaign to save NAFTA
In April 2017, a group of Mexican executives filed into the Texas governor’s mansion in Austin for a meeting they hoped would help save a trillion-dollar trade deal.
3M to cut 2,000 jobs globally, lowers 2019 profit outlook
U.S. manufacturing conglomerate 3M Co on Thursday said it would lay off 2,000 workers globally as it reported a widely lower-than-expected quarterly profit and cut its 2019 earnings forecast due to worsening performance in key markets.
UK minister: Huawei leaks ‘unacceptable’, criminal investigation possible
British culture minister Jeremy Wright said on Thursday he could not rule out a criminal investigation over the “unacceptable” disclosure of confidential discussions on the role of China’s Huawei Technologies in 5G network supply chains.
Comcast first quarter profit beats Wall Street, misses on revenue
Comcast Corp reported first-quarter profit on Thursday that beat Wall Street estimates, boosted by strong additions of high-speed internet customers in a quarter that painted another mixed picture for the biggest U.S. cable provider.
Bristol-Myers profit slightly tops Wall Street view on blood thinner sales
U.S drugmaker Bristol-Myers Squibb Co, which is set to buy biotechnology company Celgene Corp for $74 billion, posted slightly better-than-expected first-quarter earnings on Thursday on strong sales of its blockbuster blood thinner Eliquis.
German bank merger crumbles as Deutsche Bank tie-up talks with Commerzbank end
Deutsche Bank and Commerzbank abandoned their merger talks on Thursday, with the risks of doing a deal, restructuring costs and capital demands dashing efforts to forge a German mega-bank.
Peru to sign MoU to join China’s Belt and Road club in coming days: Chinese ambassador
Peru will sign a memorandum of understanding to join China’s Belt and Road infrastructure initiative in coming days, China’s ambassador said on Wednesday, despite recent warnings from the United States about the Beijing’s rise in Latin America.
