Tariffs ding Detroit automakers’ profit forecasts, stocks hit
Detroit automakers General Motors Co , Ford Motor Co and Fiat Chrysler Automobiles NV (FCA) lowered their full-year profit forecasts on Wednesday due to escalating tariffs, hitting their stocks as investors bet that escalating trade disputes would hu…
Qualcomm walks away from NXP deal as China-U.S. trade tensions grow
Qualcomm Inc , the world’s biggest maker of chips for mobile phones, said on Wednesday it would drop its bid to buy Dutch chipmaker NXP Semiconductors after failing to secure regulatory approval from China against a backdrop of widening trade tensions…
Wall St. rises as Trump touts EU trade concessions
Wall Street rose on Wednesday as U.S. President Donald Trump secured concessions from the European Union on trade, while a disappointing quarterly report from Facebook after the bell slammed its stock and threatened to put the brakes on a tech rally.
Mondelez profit beats on higher chocolate sales, cost controls
Mondelez International Inc on Wednesday reported a better-than-expected quarterly profit as it sold more Cadbury chocolates and Oreo biscuits in Europe and North America, while keeping a lid on costs.
Chipmaker AMD’s second-quarter revenue, profit tops estimates
Advanced Micro Devices Inc beat analysts’ estimates for quarterly profit and revenue on Wednesday, as a rare surge in demand for personal computers boosted sales of its processors as well as graphics chips used in computers and data centers.
Ford cuts 2018 profit forecast; tariffs, China sales hurt second quarter
Ford Motor Co on Wednesday lowered its full-year earnings forecast due to slumping sales and trade tariffs in China and its struggling business in Europe, and said ongoing plans to revamp its business could lead to pre-tax charges of up to $11 billion…
PayPal quarterly profit beats estimates
PayPal Holdings Inc on Wednesday reported a second-quarter profit that beat analysts’ estimates, but its forecast for third-quarter revenue came up short.
Facebook’s disappointing report hits rest of FANG
FANG stocks taking a hit in after hours trade on Wednesday after Facebook’s Q2 report badly disappointed investors
U.S.-EU trade deal pushes stock rally to fourth day
Global stocks extended their rally into a fourth consecutive day on Wednesday after U.S. President Donald Trump and the European Union reached an agreement that investors hope will avert a trade war.
Mattel misses second-quarter sales estimates, announces job cuts
Mattel Inc’s quarterly sales missed analysts’ estimates on Wednesday, weighed down by the liquidation of key customer Toys ‘R’ Us and the absence of a big movie tie-in in the quarter, sending its shares down 7.6 percent after the bell.
