PayPal quarterly profit beats estimates; forecast falls short
PayPal Holdings Inc on Wednesday reported a second-quarter profit that beat analysts’ estimates, but its forecast for third-quarter revenue came up short.
Mondelez profit tops on higher confectionary sales, cost controls
Mondelez International Inc on Wednesday reported a better-than-expected quarterly profit as it sold more Cadbury chocolates and Oreo cookies in Europe and North America, while keeping a lid on costs.
AMD second-quarter revenue, profit boosted by EPYC, Ryzen sales
Advanced Micro Devices Inc beat estimates for quarterly profit and revenue on Wednesday, as a rare surge in demand for personal computers boosted sales of its processors, graphic chips, sending its shares up 5 percent in extended trading.
Nasdaq futures drop as Facebook tumbles
Nasdaq futures dropped 0.85 percent late on Wednesday, suggesting the technology-heavy Nasdaq Composite index would fall when trading opens on Thursday morning.
German industry warns US auto tariffs not completely off table yet
A top German industry group gave a cautious welcome to solutions proposed by U.S. President Donald Trump and European Commission President Jean-Claude Juncker to avert a trade war, but warned that U.S. auto tariffs were not completely off the table yet…
Trump, EU leader pledge to cut trade barriers, hold off on further tariffs
U.S. President Donald Trump and the European Union’s chief executive, Jean-Claude Juncker, agreed on Wednesday to work toward eliminating trade barriers on industrial goods, as Trump appeared to give ground on his threat to impose car tariffs.
U.S. Commerce chief says EU trade talks to include all agricultural products
Trade on all agricultural products will be discussed as part of U.S.-European Union talks agreed by President Donald Trump and European Union’s chief executive, Jean-Claude Juncker, on Wednesday, U.S. Commerce Secretary Wilbur Ross said.
Mattel disappoints with second-quarter results, announces job cuts
Mattel Inc’s quarterly sales missed analysts’ estimates on Wednesday, weighed down by the absence of a big movie tie-in in the quarter, while the liquidation of key customer Toys ‘R’ Us continued to hurt the U.S. toy maker.
Facebook stock falls 24 percent on forecast for slowing growth, rising expenses
Facebook Inc’s stock fell as much as 24 percent after hours on Wednesday over concerns about the impact of privacy issues on the social media company’s business, with executives warning that revenue growth would slow and expenses would rise.
Facebook forecast for slowing growth, rising expenses sends stock down 22 percent
Facebook Inc on Wednesday warned revenue growth would slow in the second half of the year and said that expenses would grow faster than revenue next year, sending shares down as much as 22 percent over concerns about the impact of privacy issues on the…
