Trump widens Fed critique, calls it ‘my biggest threat’
U.S. President Donald Trump heaped more criticism on the Federal Reserve in an interview with Fox Business Network on Tuesday, extending his discontent beyond its chairman, Jerome Powell, whom he has frequently critiqued in public.
SoftBank ‘anxiously’ monitoring Saudi Arabia situation: executive
SoftBank Group Chief Operating Officer Marcelo Claure said on Tuesday it is “business at usual” at companies backed by its nearly $100 billion Vision Fund despite a tense situation with Saudi Arabia, which provided nearly half of the fund’s capital.
Wall St. rallies over 2 percent with earnings, data boost
U.S. stocks surged more than 2 percent on Tuesday after upbeat earnings reports from major companies including UnitedHealth and Goldman Sachs and solid economic data, as equities rebounded from a recent sharp sell-off.
IBM misses revenue estimates as server, software sales slow
International Business Machines Corp missed Wall Street estimates for third-quarter revenue as software sales slow down and a boost from the launch of new server products begins to dry up, driving its shares down 4 percent on Tuesday.
Global stocks rebound with earnings in focus; oil little changed
Stocks bounced back on Tuesday across the world, supported by strong earnings expectations, while oil prices were wobbly as evidence of higher U.S. production was overshadowed by a tighter global supply outlook as Iran prepares for U.S. sanctions.
Railroad operator CSX’s quarterly profit tops Wall Street target
CSX Corp on Tuesday reported quarterly profit that topped Wall Street’s view and raised its full-year revenue forecast, as the No. 3 U.S. railroad operator benefited from ongoing cost-cutting and higher prices for moving freight.
Railroad operator CSX’s quarterly profit tops Wall St. target
CSX Corp on Tuesday reported quarterly profit that topped Wall Street’s view, as the No. 3 U.S. railroad operator benefited from ongoing cost-cutting, broad-based volume growth and higher prices for moving freight.
Trump says ‘my biggest threat is the Fed’
U.S. President Donald Trump heaped more criticism on the Federal Reserve in an interview with Fox Business Network on Tuesday, extending his discontent beyond its chairman, Jerome Powell, who he has frequently critiqued in public.
Netflix subscriber growth beats estimates, shares surge
Netflix Inc added about 7 million streaming customers in the latest quarter, 1.8 million more than Wall Street expected, as it debuted a record amount of original programming, including new seasons of popular shows “Orange is the New Black” and “BoJack…
IBM misses revenue estimates as server sales slow
International Business Machines Corp missed Wall Street estimates for third-quarter revenue on Tuesday, weighed down by slowing demand for its mainframe servers.
