Apple cuts revenue forecast on weak China sales
Apple Inc on Wednesday cut the revenue forecast for its latest quarter, citing fewer iPhone upgrades and weak sales in China, and its shares tumbled in after-hours trade.
Nordstrom heir Blake Nordstrom dies at 58
Nordstrom Inc said its co-president, Blake Nordstrom, passed away early Wednesday morning at the age of 58.
Tesla cuts U.S. prices on all vehicles, shares drop
Tesla Inc on Wednesday cut U.S. prices for all its vehicles to offset lower green tax credits, and fell short on quarterly deliveries of its mass-market Model 3 sedan, sending shares of the electric vehicle maker down nearly 7 percent on worries of fu…
Economic concerns boost bonds, yen; Wall Street recovers
Weak Chinese and European economic data weighed on stocks around the world and boosted safe-haven Treasuries and the Japanese yen on Wednesday, though Wall Street shares edged higher as investors took advantage of cheaper shares to ring in the new year…
Apple lowers quarterly revenue forecast
Apple Inc on Wednesday said its current quarter revenue will be lower than its original forecast, citing fewer iPhone upgrades and weakness in emerging markets.
Wall Street edges up; economic concerns cap gains
Wall Street edged nominally higher on Wednesday after stumbling out of the starting gate on the first trading day of the new year as bargain-hunting was offset by fears of a global economic slowdown.
Oil volatile, ends up 2 percent but demand concerns still weigh
Oil prices rose about 2 percent in choppy trading on Wednesday, supported by a slight recovery on Wall Street, even as concerns remained about weakening global economic growth which could hurt demand for oil.
Global growth worries, higher oil flatten yield curve
Yields on long-dated U.S. Treasury securities fell to their lowest in nearly a year on Wednesday on concerns about the health of the global economy, a worry exacerbated late in the day when Apple Inc cut its sales outlook and sent U.S. equity index fu…
Stocks pare losses but economic concerns linger
Stocks recovered much of their losses on Wednesday as investors took advantage of cheaper shares to ring in the new year, but lingering economic concerns from weak Chinese and European data boosted safe-haven assets including benchmark U.S. Treasury no…
Google wins U.S. approval for new radar-based motion sensor
Alphabet Inc’s Google unit won approval from U.S. regulators to deploy a radar-based motion sensing device known as Project Soli.
