Bristol-Myers beefs up cancer portfolio with $74 billion Celgene buy
Bristol-Myers Squibb Co said on Thursday it would buy Celgene Corp for about $74 billion, creating a pharma company with several blockbuster cancer drugs and making it one of the biggest mergers on record in the sector.
Stock futures rocked by Apple’s China warning as earnings loom
U.S. stock index futures tumbled on Thursday after Apple Inc stunned investors with a rare sales warning that inflamed fears that the Sino-U.S. trade war and a slowing China economy would eat into corporate profits more than expected.
Paying the price: China shoppers, stung by slowdown, take bite out of Apple
Shanghai student Xu Yechuyi wanted to buy a new iPhone last year but couldn’t afford one at Apple Inc’s flagship store, so she opted for a used, three-year-old iPhone 6S at less than a third of the sticker price.
Apple bombshell sends investors to safe havens; ‘flash crash’ jolts currencies
Apple’s rare warning on revenue rocked financial markets on Thursday, as investors sought safety in bonds and less risky assets amid renewed concerns about slowing global economic and corporate growth.
Apple warning shakes European shares as iPhone suppliers, luxury stocks tumble
Apple’s first sales warning in nearly 12 years sent European shares sliding on Thursday, with the tech sector particularly badly bruised as chipmakers that supply the iPhone maker fell sharply.
Apple bombshell rocks European, Asian shares; ‘flash crash’ jolts currencies
Apple’s rare warning on revenue rocked financial markets on Thursday, reigniting concerns about slowing global economic and corporate growth and potential damage from Washington’s protracted trade row with Beijing.
Oil prices decline on swelling oversupply, volatile markets
Oil prices fell slightly on Thursday amid volatile currency and stock markets, coupled with concerns that an economic slowdown in 2019 will curb fuel demand just as crude supplies are surging.
Apple warning shakes European shares as chipmakers tumble
Apple’s first revenue warning in nearly 12 years sent European shares sliding on Thursday with the tech sector particularly badly bruised as chipmakers which supply to the iPhone maker fell sharply.
Oil prices drop on swelling oversupply, volatile markets
Oil prices fell by 1 to 2 percent on Thursday amid volatile currency and stock markets, and on concerns that an economic slowdown in 2019 will cut into fuel demand just as crude supplies are surging.
Coffee startup Luckin plans to overtake Starbucks in China this year
Chinese coffee startup Luckin is aiming to open 2,500 new stores this year and overtake Starbucks Corp as the largest coffee chain by number of outlets in the world’s second-biggest economy, it said on Thursday.
