Asia stocks hit four-month high as Fed turns more cautious; dollar sags
Asia stocks rose to a four-month high on Thursday, tracking Wall Street, after the Federal Reserve pledged to be patient with further interest rate hikes, signaling a potential end to its tightening cycle amid signs of slowing global growth.
In a shift, Fed says will be ‘patient’ on future rate hikes
The Federal Reserve on Wednesday signaled its three-year-drive to tighten monetary policy may be at an end amid a suddenly cloudy outlook for the U.S. economy due to global headwinds and impasses over trade and government budget negotiations.
Tesla CFO leaves as automaker promises profits and cheaper cars
Tesla Inc’s chief financial officer will leave the company as the automaker on Wednesday promised cheaper Model 3 sedans, the launch of Chinese production this year and profits in every quarter in 2019.
Tesla sees profit in every 2019 quarter, but faces logistics risks
Tesla Inc warned on Wednesday it will need to begin building cars in China and lower the price of its Model 3 sedan to make money in every 2019 quarter, as it failed to meet Wall Street profit expectations at the end of 2018.
Currency hit to North American companies’ third quarter results most in 10 quarters: report
The negative effect of currency fluctuations on North American companies’ results in the third quarter of 2018 was the most in 10 quarters, according to a report on Wednesday from currency risk consulting firm FiREapps.
NY AG, governor probing Apple’s response to FaceTime bug
New York Governor Andrew Cuomo and new Attorney General Letitia James on Wednesday said the state was probing Apple Inc’s failure to warn consumers about a FaceTime bug that lets iPhones users see and hear others before they accept a video call.
Microsoft’s Azure revenue growth slows, shares fall
Microsoft Corp on Thursday met Wall Street’s targets for its quarterly results and forecast, though Azure cloud computing sales grew more slowly than a year earlier.
Fed could soon stop trimming $4.1 trillion portfolio, Powell says
The Federal Reserve may wind down its gradual asset-shedding operation sooner than thought, leaving the U.S. central bank with a bigger balance sheet than earlier anticipated, Fed Chairman Jerome Powell said Wednesday.
In a shift, U.S. Fed says will be ‘patient’ on future rate hikes
The Federal Reserve on Wednesday signaled its three-year-drive to tighten monetary policy may be at an end amid a suddenly cloudy outlook for the U.S. economy due to global headwinds and impasses over trade and government budget negotiations.
Tesla sees profit in every 2019 quarter, but lack of subsidy bites
Tesla Inc ended 2018 with a small quarterly profit and predicted on Wednesday it would make money every quarter this year, but acknowledged that the erosion of a U.S. tax credit in 2019 would cut into sales.
