U.S. factory activity slows; private payrolls increase
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.
Sprint beats profit estimates, says higher prices could affect growth
Sprint Corp on Wednesday topped analysts’ estimates for quarterly profit and new wireless subscribers, but said the higher prices for its revamped phone plans could affect future growth.
GM taps former Trump aide to head lobbying efforts
General Motors Co said on Wednesday it has tapped a former Trump administration economic and trade adviser to head its public policy efforts.
Tesla plans to raise funds for its China factory: Bloomberg
Tesla Inc is looking to raise a portion of the $5 billion it needs to build its factory in Shanghai from local Chinese partners, Bloomberg reported on Wednesday, citing a source familiar with the matter.
Apple shares hit record as bright forecast highlights future demand
Shares of Apple Inc hit a record high on Wednesday and neared a $1 trillion valuation, after the company forecast blowout current-quarter sales and analysts said a September launch of new iPhones set the stage for sustained growth.
CEO to take break from running Germany’s Uniper for cancer treatment
The chief executive of Germany’s Uniper , Klaus Schaefer, will take a break from running the company while he is being treated for cancer, the utility said.
Apple’s strong earnings lift Wall Street, ease trade worries
U.S. stocks rose on Wednesday as Apple’s robust earnings report boosted shares of technology companies and eased worries over an escalating trade war between the United States and China.
GM to tap former Trump aide to head lobbying efforts: source
General Motors Co plans to announce on Wednesday that it has tapped a former Trump administration economic and trade adviser to head its public policy efforts, a person briefed on the matter said.
Wall Street opens higher as Apple lifts tech stocks
U.S. stocks opened higher on Wednesday after Apple’s strong earnings boosted technology companies and helped ease concerns over future growth of the tech sector.
Volkswagen says WLTP could cause burden of more than 1 billion euros
Resolving bottlenecks caused by tougher emissions rules could cost Volkswagen more than 1 billion euros, Chief Financial Officer Frank Witter said on Wednesday.
