Global stocks tumble on souring sentiment; oil falls
Stocks fell sharply on Thursday while the Japanese yen rose in a move toward safety assets, with traders citing the Sino-U.S. trade war, Italy’s budget concerns and a widening gap between the United States and Saudi Arabia.
Campbell, Third Point battle heats up, no concessions on the table
Activist investor Daniel Loeb and Campbell Soup Co hardened their positions in the battle over the soup maker’s future on Thursday as the hedge fund manager tried to woo retail shareholders and the company’s interim chief executive told Reuters that L…
AmEx tops profit estimates on higher consumer spending
American Express Co topped Wall Street estimates for third-quarter profit on Thursday and lifted its yearly earnings forecast, as a strengthening U.S. economy powered higher credit card spending.
Wall St. slides as Saudi Arabia, Italy add to economic concerns
U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy’s budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia, further denting investors’…
Mexico’s Walmex reports third quarter net profit of 8.7 billion pesos
Mexican retailer Walmart de Mexico reported third-quarter net profit on Thursday of 8.7 billion pesos ($464 million), modestly beating analysts’ expectations.
Internet provider groups sue Vermont over net neutrality law
Five industry groups representing major internet providers and cable companies filed suit on Thursday seeking to block a Vermont law barring companies that do not abide by net neutrality rules from receiving state contracts.
De Beers eyes tech markets for synthetic diamonds future
Anglo American unit De Beers is going after lucrative, but elusive high-tech markets in quantum computing, as it aims to expand its lab-grown diamond business beyond drilling and cutting.
American Express third-quarter profit jumps 22 percent
American Express Co’s third-quarter profit rose 21.7 percent, as a strengthening U.S. economy powered higher credit-card spending.
Goldman Sachs sees five more Fed rate hikes through end of 2019
Goldman Sachs economists on Thursday said the firm remained “comfortable” with its call for five more interest rate hikes — two more than priced in financial markets — through the end of 2019.
Wall St. drops on Italy, Saudi Arabia worry
U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy’s budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia, denting investors’ appetit…
