Wall Street drops as chipmakers fan corporate growth fears
U.S. stocks slid on Wednesday, continuing a brutal month, as weak forecasts from chipmakers fanned concerns over the impact of tariffs and China’s slowdown on corporate profit, even though Boeing hiked its outlook.
How bears are taking over world stock markets
For investors trying to call the end of the bull run for stocks, the headline performance of the world’s equity markets this year may not be telling the whole story.
CFPB chief dilutes penalty against payday lender: sources
Mick Mulvaney, the top cop for U.S. consumer finance, on Wednesday fined a payday lender $200,000 for wrongly hounding borrowers but the penalty fell short of the $3 million his predecessor was seeking, said three sources familiar with the move.
Senators question Google’s tardy disclosure of user data exposure
Two U.S. senators said Alphabet Inc’s disclosure of user data vulnerabilities at Google+ raised “serious questions” over whether it violated a 2011 consent decree with the Federal Trade Commission, potentially exposing Google to penalties.
Fears over corporate, economic growth keep stocks under pressure
Stock markets around the world edged lower on Wednesday while U.S. treasuries prices rose as investors favored safer investments amid a range of uncertainties, while the U.S. dollar surged and oil prices steadied after the previous day’s session.
UPS profit gain overshadowed by trade war worries, shares fall
United Parcel Service Inc reported a 20 percent rise in quarterly profit on Wednesday, but shares dropped 3.5 percent after it said the U.S. trade war with China contributed to disappointing international results.
Chipmakers lead Wall Street lower as concerns over China impact grow
U.S. stocks dropped on Wednesday as weak results from AT&T and sour outlook from chipmakers ahead of key earnings added to growing worries about corporate profit growth and overshadowed optimism from Boeing’s raised forecast.
Saudi crown prince expects economic growth of 2.5 percent in 2018
Saudi Crown Prince Mohammed bin Salman said on Wednesday the kingdom will continue with reforms and spending on infrastructure, predicting the economy will grow by 2.5 percent this year.
BlackRock talks on Intesa asset management tie-up cool but not off: sources
Talks between BlackRock and Intesa Sanpaolo over an asset management tie-up have slowed due to political uncertainty, but the deal is not yet off, two sources familiar with the matter said on Wednesday.
AT&T satellite TV numbers disappoint, shares fall
AT&T Inc’s quarterly profit for the latest quarter rose less than expected, held back by its declining satellite TV business, sending the company’s shares down more than 6 percent.
