Asian markets rebound on bargain-hunting, shrug off trade war threats
SHANGHAI (Reuters) – Stocks in Asia rebounded from recent losses on Wednesday as investors sought bargains, a day after the specter of a U.S.-China trade war drove down bond yields, and share and commodity prices.
General Electric loses place in elite Dow Jones Industrial Average
(Reuters) – General Electric Co has lost its spot in the Dow Jones Industrial Average after over a century in the blue chip stock index, a new blow to a company that once towered over the American business landscape but is now struggling to retain its …
FedEx profit tops Wall Street estimates amid trade war worries
LOS ANGELES/NEW YORK (Reuters) – FedEx Corp reported fourth-quarter profit that beat Wall Street estimates on Tuesday, as revenues and operating margins increased in each of the company’s operating units.
Starbucks closing cafes; CEO calls performance ‘not acceptable’
(Reuters) – Starbucks Corp forecast on Tuesday slower sales growth than Wall Street expected this quarter and plans to close about 150 U.S. cafes next fiscal year to boost performance, sending its shares down 2 percent after hours.
Goldman Sachs to invest $500 mln in women-run companies
(Reuters) – Goldman Sachs Group Inc will pump $500 million into companies led, founded or owned by women, as it steps up efforts to close the gender investing gap, the Wall Street bank said on Tuesday.
Oracle’s forecast miss overshadows cloud growth, shares fall
(Reuters) – Oracle Corp’s forecast for current-quarter profit missed analysts’ expectations on Tuesday, hurt by a strengthening U.S. dollar, dampening its fourth-quarter earnings beat that was powered by growth in its cloud business.
General Electric to be removed from Dow Jones Industrial Average
(Reuters) – The Dow Jones Industrial Average is losing General Electric Co , the lone original component of the venerable blue-chip index that debuted in 1896.
Starbucks to close 150 U.S. cafes to combat slowing growth
(Reuters) – Starbucks Corp on Tuesday said it would close 150 cafes in some saturated U.S. markets and warned comparable sales globally this quarter would miss Wall Street expectations, sending shares down 3 percent after hours.
White House piles pressure on China after Trump tariff threat
WASHINGTON/BEIJING (Reuters) – China has underestimated U.S. President Donald Trump’s resolve to impose more tariffs unless it changes its “predatory” trade practices, a White House trade adviser said on Tuesday, as Trump greatly expanded the amount of…
Walt Disney names creative heads of animation studios
(Reuters) – Walt Disney Co on Tuesday split the role of its outgoing creative head John Lasseter and appointed two Academy award winners to spearhead its two animation studios.
