Tesla second-quarter report could be an $850 million boon or bane for short-sellers
Tesla Inc – the most heavily shorted U.S. company – is set to report quarterly results on Wednesday, and short-sellers could be dealt a nearly $850 million loss or gain, depending on the direction of the post-earnings stock move.
More drugmakers build Brexit stockpiles as EU agency faces exodus
Sanofi and Novartis said on Wednesday they planned to increase stockpiles of medicines in Britain in preparation for potential disruption if the UK crashes out of the European Union without a deal.
S&P dips ahead of Fed decision; Apple keeps Nasdaq higher
The benchmark S&P 500 index dipped on Wednesday, ahead of the Federal Reserve’s decision on interest rates, but Apple’s robust earnings lifted the technology sector and the Nasdaq.
Trade tensions, labor shortages loom over U.S. factories
U.S. manufacturing activity slowed in July amid signs that a robust economy and import tariffs were putting pressure on the supply chain, which could hurt production in the long term.
WhatsApp to start charging business users
Facebook Inc’s WhatsApp messenger service will start charging businesses for sending marketing and customer service messages, it said on Wednesday, as the social network company’s flagship brand faces slowing usage and revenue growth.
Global stocks mixed as techs get boost but trade war fears hound markets
World stocks were mixed on Wednesday, with fears of an imminent escalation in the tariff war between the U.S. and China holding back gains, though robust results form technology giant Apple Inc boosted a key index on Wall Street.
VW CEO says anti-pollution rules may hit profits, car sales
Volkswagen Group’s Chief Executive Herbert Diess warned that new anti-pollution tests pose a risk to the carmaker’s profit targets.
Wall Street gains on Apple boost, easing trade worries
U.S. stocks rose on Wednesday as Apple’s robust earnings lifted the high-growth technology sector and eased worries of an escalating trade war between the United States and China.
Apple nears $1 trillion as bright forecast highlights future demand
Shares of Apple Inc touched the $200 mark for the first time and neared a $1 trillion valuation on Wednesday, after the company forecast blowout current-quarter sales and analysts said a September launch of new iPhones set the stage for sustained grow…
Major automakers report drop in U.S. vehicle sales for July
Major automakers on Wednesday reported lower U.S. new vehicle sales for July amid steep declines in passenger cars, except Fiat Chrysler Automobiles NV (FCA) , which said its sales climbed 6 percent.
