Apple shock sends investors to safe havens; ‘flash crash’ jolts currencies
Apple’s warning on revenue rocked financial markets on Thursday, as investors shunned equities and sought safety in bonds and less risky assets amid renewed concerns about slowing global economic growth and damage from the Sino-U.S. trade war.
U.S. private payrolls surge in December; weekly jobless claims rise
U.S. private payrolls increased by the most in nearly two years in December, suggesting sustained strength in the labor market despite ongoing financial market volatility.
Cargill sees 20 percent drop in second-quarter net earnings, falling revenues amid trade fight
Grains trader Cargill Inc on Thursday reported a 20 percent drop in its fiscal second-quarter 2019 net earnings, amid global trade tensions, challenges in the Chinese hog sector and a struggling U.S. dairy sector.
Qualcomm posts court ordered bonds to stop iPhone sales in Germany
Qualcomm Inc said on Thursday it posted security bonds of 1.34 billion euros ($1.52 billion) in order to be able to enforce a court order that will ban sales of some Apple Inc iPhones in Germany.
Airbus bags orders for Canadian jet in last-minute sales push
Airbus finalized orders for a total of 120 of the former Bombardier CSeries jetliner on Thursday, narrowing a gap in sales against Boeing thanks to the arrival in its portfolio of the smaller jets but leaving it trailing in core orders.
Nestle welcomes Indian court ruling in Maggi case
Food group Nestle said on Thursday a ruling by India’s Supreme Court marked a partial victory in its row with the government over Maggi noodles.
Oil prices rebound, helped by weak dollar, Saudi supply cuts
Oil prices rebounded on Thursday after an early slide, helped by dollar weakness and signs of output cuts by the world’s top crude exporter Saudi Arabia that eased concerns about a glut.
Apple shares slide after iPhone maker issues rare revenue warning
Apple Inc shares tumbled as much as 10 percent on Thursday after the iPhone maker blamed weak China demand for its revenue shortfall in the holiday quarter, a clear sign of the company’s struggles in the world’s largest smartphone market.
Bristol-Myers bulks up cancer portfolio with $74 billion Celgene deal
Bristol-Myers Squibb Co said on Thursday it would buy Celgene Corp for about $74 billion, creating a major pharma company with several blockbuster cancer drugs as competition in the immunotherapy space heats up.
GM U.S. new vehicle sales fall 2.7 percent in fourth quarter
General Motors Co on Thursday reported that U.S. new vehicle sales fell 2.7 percent in the fourth quarter, with declines across most of its brands as American auto sales appear set to weaken in 2019.
