Mexico touts progress in NAFTA talks with U.S., but toughest issues remain
Negotiators for Mexico and the United States have reached agreement on about 20 topics during talks to revamp NAFTA, Mexico’s economy minister said on Thursday, although he conceded that some of the thorniest issues remained unresolved.
Trade fight drags, but Apple’s $1trln milestone boosts U.S. indexes
An intensifying trade dispute between the United States and China weighed on global stocks and bond yields on Thursday, but a rise in Apple shares took its valuation above a record $1 trillion and helped major U.S. indexes close in positive territory.
Shake Shack’s delayed restaurant openings weigh on revenue growth
Shake Shack Inc said on Thursday that delays in new restaurant openings would slow revenue growth this year, disappointing Wall Street which was expecting the company to raise its guidance.
GM seeks to exclude China-made Buick SUV from tariff
General Motors Co is seeking an exemption to a 25 percent U.S. tariff on its Chinese-made Buick Envision sport utility, the automaker said on Thursday, in a move to prevent the key model in the brand’s U.S. lineup from becoming a victim of the U.S.-Ch…
Tesla shares spike, dealing short-sellers a $1.7 billion loss
Tesla Inc shares soared 16 percent on Thursday, a day after the electric car maker’s better-than-expected quarterly report, and financial analytics firm S3 Partners said short-sellers were slammed with $1.7 billion in paper losses on the day.
CBS beats Wall St. estimate, Moonves silent on allegations
CBS Corp’s quarterly results topped Wall Street targets and CEO Les Moonves delivered an upbeat message to investors about the media company’s future on Thursday, without addressing allegations of sexual misconduct against him reported last week.
FCC chairman Pai says Trump has not contacted him on Sinclair deal
U.S. President Donald Trump has not contacted the Federal Communications Commission about its lack of approval for Sinclair Broadcast Group’s deal to buy Tribune Media Co , which Trump has called “disgraceful” on Twitter, FCC Chairman Ajit Pai said on…
S&P 500, Nasdaq rise as Apple hits $1 trillion mark
Technology stocks pushed the S&P 500 and Nasdaq higher on Thursday, driven by Apple shares as the iPhone maker became the first publicly traded U.S. company worth a trillion dollars.
AIG quarterly profit falls 17 percent as general insurance business weighs
American International Group Inc on Thursday reported a 17 percent fall in quarterly profit as its general insurance business failed to show improvement, missing analysts’ expectations.
Shake Shack revenue forecast falls short of estimates, shares fall
Shake Shack Inc on Thursday reaffirmed its full-year revenue forecast, disappointing Wall Street which was expecting the company to raise its guidance on the back of rising popularity of its pricey burgers and milkshakes.
