Wall Street gains on Walmart and Cisco earnings, trade optimism
U.S. stock indexes rose about 1 percent on Thursday, helped by upbeat earnings from Walmart and Cisco and easing trade worries after the United States and China said they would hold talks later this month.
Walmart posts biggest U.S. sales rise in a decade, shares soar
Walmart Inc posted its best quarterly U.S. sales growth in a decade and upped full-year sales and profit outlooks on Thursday, sending shares surging as a jump in online and grocery purchases showed it can hold its own against Amazon.com Inc .
Citi settles SEC charges over bad controls, supervision
Citigroup agreed to pay $10.5 million to settle two separate complaints, one relating to bad loans made by its Mexican subsidiary, Banamex, between 2008 and 2014, U.S. regulators said on Thursday.
J.C. Penney sinks 27 percent on forecast cut, fashion falls flat
J.C. Penney Co Inc shares sank below $2 for the first time on Thursday after it said it had alienated core middle-aged customers while chasing millennial buyers, and the venerable brand forecast an unexpectedly large loss.
Tesla on track to make 8,000 Model 3s per week, Evercore says
Tesla Inc is on its way to make 8,000 Model 3 cars per week even as it burns more cash, Evercore analysts wrote in a note on Thursday, following their visit to the electric-car maker’s California facility.
Wall St. gains on upbeat earnings, trade talk optimism
U.S. stock indexes rose on Thursday, helped by a string of robust earnings reports, a dip in the dollar and after China said it will hold talks with the United States later this month.
Citigroup settles U.S. charges of bad controls that led it to lose millions: SEC
Citigroup has agreed to pay $10.5 million to settle charges related to bad loans made by its Mexican subsidiary, Banamex, between 2008 and 2014, and to trader mismarking and unauthorized proprietary trading by Citigroup Global Markets Inc. from 2013 to…
Turkey’s Albayrak tells investors the country will emerge stronger
Turkish Finance Minister Berat Albayrak hosted a conference call with global investors on Thursday in a bid to reassure them that policymakers are able to tackle the worst currency crisis the country has suffered since 2001.
Walmart’s second quarter sales rise most in decade, shares soar
Walmart Inc reported quarterly earnings and sales that topped estimates on Thursday, driven by strong grocery sales and a revamped website that boosted online purchases, and the company’s shares soared over 10 percent in early trade.
Turkey will emerge stronger from lira crisis, finance minister tells investors
Finance Minister Berat Albayrak assured international investors on Thursday that Turkey would emerge stronger from its currency crisis, insisting that the country’s banks were healthy.
