German Apple reseller Gravis says still selling iPhones 7, 8
German Apple retailer Gravis said it was still selling iPhone 7 and 8 models at its stores and online after Qualcomm posted security bonds to enforce a court order that will ban sales of some Apple iPhones in Germany.
Wall Street sinks 2 percent on weak factory data, Apple shock
Wall Street sank 2 percent on Thursday as weak U.S. factory data and the fallout of a rare sales warning from Apple Inc fanned fears of slowing growth and spurred the latest leg of a selloff that has sent indexes to their lowest since mid 2017.
Yen’s surge is a red flag for world markets
A gradual rise by the Japanese yen in recent weeks culminated in a dramatic overnight surge — firing a warning shot for world markets and the global economy in 2019.
Apple sales should pick up when U.S.-China strike trade deal: Trump adviser
A sharp drop in Chinese economic growth will hit the profits of U.S. firms but sales by Apple Inc and other American companies should recover once Washington strikes a trade deal with Beijing, a senior White House adviser said on Thursday.
Oil dips in volatile trade; Saudi output cuts limit losses
Oil prices edged lower in choppy trade on Thursday, pressured by concerns about slowing global economic growth that could dent demand for crude but drawing support from signs of output cuts by Saudi Arabia.
Automakers close out 2018 with drop in U.S. new vehicle sales
Major automakers on Thursday posted a weak finish to 2018 for U.S. new vehicle sales as the industry braced for what is widely expected to be a worse year for sales in 2019.
OPEC oil output posts biggest drop since 2017 on Saudi move
OPEC oil supply fell in December by the largest amount in almost two years, a Reuters survey found, as top exporter Saudi Arabia made an early start to a supply-limiting accord while Iran and Libya posted involuntary declines.
Cargill net drops 20 percent, revenues fall as trade fight bites
Grains trader Cargill Inc on Thursday reported a 20 percent drop in its fiscal second-quarter 2019 net earnings, as global trade tensions hit the bottom line along with challenges in the Chinese hog sector and a struggling U.S. dairy business.
Wall Street falls further after weak factory data
U.S. stocks added to losses on Thursday after data showed factory activity in the United States slowed more than expected in December.
Reuss, head of self-driving unit, to succeed Ammann as GM president
General Motors Co said on Thursday that Mark Reuss would succeed Dan Ammann as president, effective immediately, as part of the automaker’s ongoing shift to electric and self-driving vehicles in North America and China.
