Wall Street gains on Amazon boost, robust GDP data
U.S. stocks rose on Friday as bumper earnings from Amazon lifted consumer discretionary stocks and data showed that the U.S. economy grew at its fastest pace in nearly four years.
Fox shareholders approve Walt Disney’s $71 billion deal
Twenty-First Century Fox Inc said on Friday its shareholders voted to approve Walt Disney Co’s $71 billion purchase of its film and television assets.
Sanctions blamed as Silicon Valley firms won’t ship some kit to Russia
Two Silicon Valley firms have stopped shipping some electronic components to Russian customers even though they are not on the list of firms subject to U.S. sanctions, according to sources who work in the sector and a document seen by Reuters.
U.S. Senate quietly votes to cut tariffs on hundreds of Chinese goods
As trade tensions escalate between Washington and Beijing, the U.S. Senate quietly passed legislation on Thursday that would lower trade barriers on hundreds of items made in China.
Amazon shares hit record high as profit tops $2 billion for first time
Shares of Amazon.com Inc rose 4 percent to hit an all-time high after the online retailing giant’s quarterly profit topped $2 billion for the first time, powered by its best operating margin in 13 years.
Wall Street opens higher on Amazon boost, GDP data
U.S. stocks opened higher on Friday as Amazon’s upbeat earnings pushed consumer discretionary stocks higher and as data showed that the U.S. economy grew at its fastest pace in nearly four years.
Exxon Mobil, Chevron earnings miss expectations, shares fall
Exxon Mobil Corp and Chevron Corp, two of the world’s largest oil producers, posted quarterly results far short of Wall Street’s expectations on Friday, sending their shares dropping in morning trading.
Exxon quarterly profit misses due to refinery maintenance
Exxon Mobil Corp , the world’s largest publicly traded oil producer, posted a lower-than-expected quarterly profit on Friday as its production dropped and it spent heavily to upgrade several key refineries.
Consumers, soybeans lift U.S. economic growth to 4.1 percent
The U.S. economy grew at its fastest pace in nearly four years in the second quarter as consumers boosted spending and farmers rushed shipments of soybeans to China to beat retaliatory trade tariffs before they took effect in early July.
Trump to speak about economy after strong report
U.S. President Donald Trump was set to deliver remarks on the economy at the White House at 9:30 a.m. ET (1330 GMT) on Friday after the Commerce Department said the economy grew at its fastest pace in nearly four years during the second quarter.
