U.S. corporate earnings trend stokes concern about 2019 outlook
U.S. companies are beating analysts’ expectations this earnings season, but to a smaller degree than normal, and S&P 500 companies are now barely expected to eke out an increase in profits for the first quarter of 2019.
Stock rally flags after strong U.S. data, bond yields rise
Bond yields rose and stock markets mostly edged higher on Friday after U.S. employment and manufacturing data underscored a strong economy with little wage inflation, but a gloomy outlook from Amazon.com gave investors pause.
Toyota, Fiat report fall in U.S. auto sales in January
Toyota Motor Corp on Friday reported a 6.6 percent fall in U.S. vehicle sales for January, hurt by lower demand for its Camry and Prius cars.
Exclusive: Delta trying to unload East Coast refinery – sources
Delta Air Lines wants to sell its oil refinery in Trainer, Pennsylvania, after attempts to offer a partial stake in the plant late last year failed, according to two people familiar with the matter.
GM meets with lawmakers over racism allegations at Ohio plant
Senior General Motors Co executives met this week with Ohio’s two senators and other lawmakers on Capitol Hill after African American employees sued the automaker accusing it of allowing a racially hostile work atmosphere.
Foxconn vows to build Wisconsin plant after talk with Trump
Foxconn Technology said on Friday it will build a factory in Wisconsin after the company’s chairman spoke to U.S. President Donald Trump, following a Reuters report earlier this week that the Taiwanese company was reconsidering its plans.
Exclusive: Delta Air is trying to sell East Coast refinery – sources
Delta Air Lines Inc is redoubling efforts to sell an oil refinery in Trainer, Pennsylvania, after attempts to divest a stake in the plant late last year failed, according to two people familiar with the matter.
Potential Fed pick Cain says deflation bigger worry: Fox Business
Former pizza chain executive Herman Cain, who is under consideration for a seat on the Federal Reserve’s board of governors, said on Friday the U.S. central bank should be more concerned about deflation than inflation.
Exclusive: China buys U.S. soybeans a day after trade talks – traders
Chinese state-owned firms bought at least 1 million tonnes of U.S. soybeans on Friday, a day after high-level bilateral talks yielded progress toward a trade deal and a Chinese commitment to buy more U.S. soybeans.
Foxconn says it will build plant in Wisconsin after talk with Trump
Foxconn Technology said Friday it will build a factory in Wisconsin after the company’s chairman spoke to U.S. President Donald Trump.
