S&P futures little changed as trade woes offset Apple’s boost
S&P futures were little changed on Wednesday as Apple’s stellar results helped stem concerns over the future growth of the tech sector, but fears of an escalating tariff war between the United States and China capped gains.
Global stocks slip, dollar rises as trade war fears hound markets
World stocks fell and the dollar strengthened on Wednesday due to fears of an imminent escalation in the U.S.-China tariff war, although strong corporate earnings eased investor concerns about a recent sell-off in the tech sector.
Wells Fargo finds efficiency target elusive as revenue slips
With Wells Fargo & Co’s revenue slumping and no clear end in sight for sales scandal-related costs, analysts have pushed back predictions for when the bank’s closely watched efficiency ratio will return to pre-scandal levels.
Ferrari confirms guidance as new CEO takes the wheel
Ferrari reported a 7 percent rise in second-quarter adjusted core earnings and confirmed its outlook for the year as a new boss takes charge at the Italian supercar maker following the death of Sergio Marchionne.
Global factory growth slowing; China-U.S. trade war biting
Factory growth stuttered across the world in July, heightening concerns about the global economic outlook as an intensifying trade conflict between the United States and China sent shudders through trading partners.
Google plans censored version of search engine in China: The Intercept
Alphabet Inc’s Google is planning a censored version of its search engine for China that will block websites and certain search terms, The Intercept reported on Wednesday citing internal Google documents and people familiar with the plans.
Volkswagen mulls own production of battery cells in Europe
Volkswagen is eyeing producing its own solid state battery cells, with possible serial production from 2024 or 2025, its chief executive said on Wednesday.
Iran MPs summon Rouhani as U.S. pressure squeezes economy
Iranian lawmakers have given President Hassan Rouhani one month to appear before parliament to answer questions on his government’s handling of Iran’s economic struggles, state media reported on Wednesday.
Tesla plans to invest $5 billion building factory in China: Bloomberg
Tesla Inc is planning to invest $5 billion to build a factory in China, Bloomberg reported on Wednesday, citing a source.
World stocks slip, dollar rallies as trade war fears return
World stocks fell and the dollar strengthened on Wednesday on fears of an imminent escalation in the U.S.-China tariff war, although strong corporate earnings eased investor concerns about a recent sell-off in the tech sector.
