Wall Street treads water as Boeing, GM results keep tariffs in focus
Disappointing earnings reports from Boeing, General Motors and AT&T weighed on Wall Street’s main indexes on Wednesday, though a slight uptick in health and tech stocks helped keep the S&P 500 at one-month highs.
Coca-Cola results pop as consumers turn to Diet Coke, Zero Sugar
Coca-Cola Co topped Wall Street estimates for quarterly sales and profit on Wednesday, as more consumers bought its healthier soda options such as Zero Sugar and new flavors of Diet Coke, sending its shares up 2.7 percent.
Sinclair, Tribune shares jump after Trump knocks FCC in tweet
Sinclair Broadcast Group Inc and Tribune Media Co shares rose on Wednesday after U.S. President Donald Trump criticized regulators for deferring a decision on their proposed $3.9 billion tie-up and a federal appeals court upheld a change in broadcast…
Tributes paid to former Fiat Chrysler CEO Marchionne
Former Fiat Chrysler chief executive Sergio Marchionne, one of the auto industry’s most tenacious and respected auto chiefs, has died, succumbing to complications from surgery.
Tariffs cause GM, FCA to trim 2018 profit forecasts
Trade tariffs were partly to blame for lowered full-year forecasts by General Motors Co and Fiat Chrysler Automobiles NV (FCA) on Wednesday, pummeling the stocks of both automakers as investors feared worse is yet to come.
S&P flat as gains in technology offset weak earnings
The S&P 500 was flat on Wednesday as gains in technology shares offset weak earnings from Boeing, General Motors and AT&T, while investors eyed a meeting between President Donald Trump and head of the European Commission on trade.
Study warns of rising hacker threats to SAP, Oracle business software
At least a dozen companies and government agencies have been targeted and thousands more are exposed to data breaches by hackers exploiting old security flaws in management software, two cyber security firms said in a study published on Wednesday.
Boeing forecast for defense margins clouds profit beat, shares drop
Boeing Co reported better-than-expected profit and revenue on Wednesday, but cut the full-year forecast for its defense business margins, citing $426 million in higher costs on its long-delayed KC-46 aerial refueling tanker program.
Factbox: Impact of trade tariffs on European companies
Some European companies are rethinking their strategies to cushion the impact of trade tensions between the world’s two biggest economies, the United States and China.
Wall Street opens lower as Boeing drags on industrials
U.S. stocks opened lower on Wednesday, as disappointing results from Boeing weighed on industrial companies and as investors eyed trade talks between the United States and European Commission.
