Facebook sends Nasdaq tumbling, but trade optimism boosts Dow
A plunge in Facebook Inc’s shares pushed the Nasdaq down more than 1 percent on Thursday, the index’s biggest one-day drop in a month, but industrial stocks rose after the United States and the European Union said they would negotiate on trade.
Global stocks fail to hold four-month peak as Facebook plunges
World stock markets failed to hold onto four-month highs on Thursday as a record sell-off in Facebook shares offset optimism that the European Union and the United States would settle their differences on trade.
Chipotle’s price hikes, queso cheese boost sales past estimates
Chipotle Mexican Grill Inc topped analysts’ estimates for comparable-restaurant sales on Thursday, boosted by higher menu prices and demand for its queso cheese dip in its first full quarter under Chief Executive Officer Brian Niccol.
U.S. touts EU trade truce, attention now turns to China
The United States signaled on Thursday it is set to push ahead on trade talks with Canada and Mexico after agreeing to suspend hostilities over tariffs with Europe in a fragile deal that may clear the way for renewed pressure on China.
Republican lawmakers remain skeptical after Trump’s EU deal
Numerous congressional Republicans worried about jobs for constituents back home remained skeptical of President Donald Trump’s trade policies on Thursday, a day after Trump struck a surprise deal with the EU to halt further tariffs and hold talks on o…
Game publisher EA’s first quarter revenue beats estimates
Electronic Arts Inc beat analyst estimates for quarterly revenue on Thursday, as more gamers thronged to its popular game franchises such as “FIFA” and “The Sims”.
Synchrony Financial’s credit card program with Walmart ends
Synchrony Financial said on Thursday that its store credit card program with Walmart Inc will not be renewed, ending a near two-decade long partnership.
Northrop CEO grilled by U.S. lawmakers over space telescope
Northrop Grumman Corp CEO Wes Bush faced tough questions from U.S. lawmakers about the delays and growing price tag for NASA’s James Webb Space Telescope and rebuffed the idea that the company, rather than taxpayers, should pay an $800 million cost ov…
Facebook weighs on Nasdaq and S&P, but trade optimism boosts Dow
Facebook’s slump set the Nasdaq on pace for its biggest drop in a month, but industrial stocks rose after the United States and the European Union said they would negotiate on trade.
Papa John’s founder sues pizza chain
John Schnatter, the founder and ousted former chairman of Papa John’s International Inc , on Thursday sued the pizzeria chain, complaining that the company had not provided adequate response to an earlier request for internal documents.
