When the U.S. Secretary of State flies into Southeast Asia this week with a new investment pitch for the region, the response could be: thanks a million, but please stop threatening a trade war with China that will make us lose billions of dollars.
Asian stocks dropped on Thursday as the latest escalation in the Sino-U.S. trade war hit Chinese shares, while global bond markets were rattled by increased borrowing by Washington and Japan’s new tolerance for higher yields.
Starbucks Corp is partnering with Alibaba to deliver its coffee in Chinese cities, betting the move will revive sales growth in its second-largest market that is witnessing aggressive competition from local coffee start-ups.
CBS Corp said https://bit.ly/2v98mvN on Wednesday law firms Covington & Burling and Debevoise & Plimpton will conduct a full investigation into the allegations about Chairman and Chief Executive Leslie Moonves, CBS News and cultural issues in the company.
Starbucks Corp launched on Thursday a partnership with Alibaba Group’s Chinese food delivery platform Ele.me, in a move to shore up sales in its second-largest market and to battle aggressive competition from local coffee start-ups.
Asian stocks were little changed on Thursday, with sentiment fragile after the latest escalation in Sino-U.S. trade war while global bond markets were rattled by Washington’s increased borrowing and Japan’s new tolerance for higher yields.
WYNN earnings call for the period ending June 30, 2018. …read more […]
Two very different defense contractors with surprisingly similar stock charts over the past three years. Who’s the better buy today? …read more […]
Walmart Inc was sued on Wednesday by a Silicon Valley company that accused the largest U.S. retailer of stealing its technology to prolong the shelf life of produce and reduce spoilage.
JPMorgan Chase & Co said on Wednesday it is among banks and securities dealers being investigated by the U.S. Securities and Exchange Commission for their handling of so-called “pre-released” American Depositary Receipts (ADR) between 2011 and 2015.
Tesla said it would produce its new Model 3 sedan at a profit after several recent weeks in which output stabilized, buoying hopes that the electric vehicle maker led by Elon Musk will stanch its financial losses in the second half of the year.
The United States and Mexico are nearing a deal on the key issue of autos content rules at talks to renew the North American Free Trade Agreement, Mexican and Canadian officials said on Wednesday.
Tesla Inc said on Wednesday that it would raise capital from Asian debt markets to fund the construction of its third “Gigafactory,” which will be located in Shanghai and cost an approximate $2 billion.
T-Mobile US Inc on Wednesday said it added far more wireless subscribers than Wall Street had expected, as the third-largest U.S. wireless carrier invests in its network while awaiting regulatory approval to buy rival Sprint Corp .
Prudential Financial Inc on Wednesday missed Wall Street estimates for quarterly profit, hurt by weaker results at its annuities business. Prudential, the second largest U.S. life insurer, said adjusted operating income at its individual annuities unit fell 17 percent to $507 million in the second quarter ended June 30. Annuities are long term investments an individual makes with an insurance company specifically for retirement purposes. …read more […]
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