Asia stumbles again despite Wall St. bounce amid growth, earnings fears
Asian shares slipped again on Friday morning, deepening this week’s markets rout, after disappointing results from Alphabet Inc and Amazon.com heightened concerns over the outlook for U.S. corporate earnings, global trade and economic growth.
Asian shares struggle to shake off rout despite Wall St. bounce
Asian shares wobbled in early Friday trade, struggling to shake off the previous day’s global markets rout, after weak results from tech giants Alphabet Inc and Amazon.com heightened concerns over world trade and economic growth.
Wells Fargo says aware about issues with ATM and credit card transactions
Wells Fargo & Co on Thursday said it was aware of issues with its debit and credit card transactions.
Amazon’s holiday season sales outlook misses views; shares sink
Amazon.com Inc forecast holiday season sales and profit that missed Wall Street targets on Thursday, projecting revenue growth that would be the slowest in years, sending shares of the world’s largest online retailer down 8 percent in after-hours trad…
Oil settles higher as stock markets gain, Saudi signals intervention
Oil prices rose 1 percent on Thursday, following the U.S. stock market higher a day after Wall Street’s biggest drop since 2011 and as Saudi Arabia’s energy minister signaled major producers may have to intervene in crude markets to support prices.
Republican senator decries USDA aid for Smithfield unit of China’s WH Group
A prominent Republican on the U.S. Senate Agriculture Committee complained on Thursday about Chinese-owned Smithfield Foods Inc receiving aid from the U.S. Department of Agriculture meant to help American farmers hurt by China’s trade tariffs.
Tech stocks battered after disappointing Amazon and Alphabet results
So-called FANG stocks and other tech shares sank in extended trade on Thursday following disappointing quarterly reports from Amazon.com Inc and Alphabet Inc .
Snap expects to lose more users, shares plunge
Snap Inc lost more users than Wall Street expected in the third quarter as it continued to grapple with an unpopular redesign of its Snapchat photo-messaging app and fierce competition from Facebook Inc’s Instagram.
Alphabet misses Wall Street revenue estimates; shares fall
Google parent Alphabet Inc on Thursday missed analysts’ quarterly revenue estimates for the first time in at least two years and reported continuing erosion of its operating margin, sending shares down almost 7 percent after hours.
Google’s Sundar Pichai says 48 employees were fired for sexual harassment
Google Inc Chief Executive Sundar Pichai said on Thursday the company had fired 48 employees for sexual harassment over the past two years.
