Wall Street mixed as weak earnings offset strong economic data
NEW YORK (Reuters) – U.S. stocks were mixed on Thursday, seesawing between positive and negative territory during the session as strong economic data offset disappointing earnings reports from several companies.
Musk’s conduct, Tesla stock slide make $700 million profit for short-sellers
NEW YORK (Reuters) – Short-sellers who had targeted Tesla Inc logged a $700 million paper profit on Thursday after the stock fell nearly 9 percent a day after Chief Executive Elon Musk stunned analysts by dodging “boring” questions about the electric …
Tesla shares, bonds drop as CEO Musk bites hand of Wall Street
(Reuters) – Tesla Inc chief Elon Musk’s refusal to answer “boring” Wall Street questions about finances sent the electric vehicle maker’s shares down as much as 7 percent on Thursday, jarring investors and raising concerns about its ability to raise m…
Investors not convinced by AIG strategy; shares drop 6 percent
(Reuters) – American International Group Inc executives on Thursday defended their strategy for transforming the company, saying some key improvements would take hold by year-end, but failed to convince investors as shares slid more than 6 percent.
Wall Street dips on trade woes, weak earnings
(Reuters) – U.S. stock indexes were down on Thursday, but off their session lows on what some traders said was due to technical buying amid worries of the outcome of U.S.-China trade talks, rising interest rates and disappointing earnings reports.
Trump praises China’s Xi as trade talks begin in Beijing
BEIJING (Reuters) – U.S. President Donald Trump on Thursday praised his relationship with Chinese President Xi Jinping as officials from the world’s two largest economies began trade talks in Beijing, while state media said China would stand up to U.S….
AIG shares slide 8 percent as execs fail to boost investor confidence over profit plunge
(Reuters) – American International Group Inc executives on Thursday defended their strategy for transforming the company, saying some key improvements would take hold by year-end, but failed to convince investors as shares slid more than 8 percent.
U.S. trade deficit narrows on exports; jobs market tightening
WASHINGTON (Reuters) – The U.S. trade deficit narrowed sharply in March as exports increased to a record high amid a surge in deliveries of commercial aircraft and soybeans, bolstering the economy’s outlook heading into the second quarter.
Bank of America to shift 125 British jobs to Ireland ahead of Brexit
LONDON (Reuters) – Bank of America will relocate up to 125 jobs from Britain mostly to Ireland as it prepares for Britain’s exit from the European Union, according to a corporate filing.
Canadian coffee chain Tim Hortons’ U.S. franchisees to sue parent
TORONTO (Reuters) – A group of Canadian coffee chain Tim Horton’s U.S. franchisees said on Thursday it is suing parent company Restaurant Brands International , escalating growing tensions between the company and owners of its U.S. and Canadian coffee …
