U.S. wants Western tech to be used instead of Huawei kit
The United States wants to steer people away from Huawei towards Western products because of its concerns over the security of the Chinese company’s technology, the U.S. envoy to the European Union said on Thursday.
Fed pause sets global stocks for best January on record, yields fall
Global equity markets mostly rose on Thursday, propelled by Facebook’s stellar earnings and the Federal Reserve’s pledge to be patient in raising borrowing costs further, while U.S. bond yields fell on indications of weaker than expected inflation.
Raytheon’s mixed quarter, modest forecast hurt shares
Tomahawk missile maker Raytheon Co disappointed investors on Thursday by forecasting conservative 2019 profit and revenue after reporting quarterly revenue below Wall Street expectations.
UPS network revamp bolsters profit in holiday quarter, shares jump
United Parcel Service Inc’s multi-billion-dollar effort to revamp its network helped it deliver better-than-expected profit in the crucial holiday fourth quarter, driving down costs as e-commerce deliveries surged to record levels.
Altria says Juul sales skyrocket to $1 billion in 2018
Marlboro maker Altria Group Inc said on Thursday e-cigarette maker Juul Labs Inc posted more than $1 billion in revenue in 2018, up from about $200 million a year earlier, the first official growth figures for the controversial vaping product.
S&P, Nasdaq boosted by Facebook results; eyes on trade talks
The S&P 500 and the Nasdaq extended a rally on Thursday, as strong earnings from Facebook Inc added to optimism after the Federal Reserve’s dovish remarks, with investors awaiting the outcome of the U.S.-China trade talks.
Chinese trade deal ‘unacceptable’ unless Beijing opens markets: Trump
U.S. President Donald Trump warned on Thursday that a trade deal with China would be unacceptable unless Beijing opened its markets to U.S. financial services, manufacturing, agriculture and other industries.
General Electric CEO sees 2019 industrial revenue rising, cash weak
General Electric Co expects industrial revenue to rise by low to mid-single-digit percent this year, as gains at renewable energy, aviation and healthcare offset a decline in the power unit, Chief Executive Officer Larry Culp said on Thursday.
Facebook lifts Nasdaq, S&P at open; downbeat earnings weigh on Dow
The S&P 500 and the Nasdaq opened higher on Thursday on upbeat results from Facebook Inc, extending a rally after the Federal Reserve’s pledge to be patient on further interest rate hikes, while the Dow was held lower by a spate of downbeat earnings reports.
OPEC oil output drops on Saudi cut, outages and sanctions
OPEC oil supply has fallen in January by the largest amount in two years, a Reuters survey found, as Saudi Arabia and its Gulf allies over-delivered on the group’s supply-cutting pact while Iran, Libya and Venezuela registered involuntary declines.
