Most Asian shares crept higher on Wednesday following a firm Wall Street finish, but gains were curbed by weak data in the region and intensifying fears over volatile Sino-U.S. trade relations.
The Trump administration plans to propose slapping a 25-percent tariff on $200 billion of imported Chinese goods after initially setting them at 10 percent, in a bid to pressure Beijing into making trade concessions, a source familiar with the plan said on Tuesday.
I’m sure many shareholders are questioning why Intel (NASDAQ:INTC) dropped so sharply. Intel stock fell 8.6% on Friday. That’s not quite a move on the level of Facebook (NASDAQ:FB) or Twitter (NYSE:TWTR), both of which plunged after their own earnings announcement. But for a company with a $240 billion market cap (still), an 8%+ move is big — and rare.7 Best Stocks to Buy to Upgrade Your AI Portfolio …read more […]
Manufacturing activity across Asia slowed in July, deepening concerns about the region’s economic outlook as an intensifying trade conflict between the United States and China sent shudders through their trading partners.
Apple is firing on all cylinders, with accelerating revenue growth and surging earnings-per-share growth. Here’s a close look at the quarter’s results. …read more […]
Chinese internet search giant Baidu Inc surpassed expectations for quarterly profit and revenue on the back of strong growth in its core online advertisement business.
Asian shares were higher on Wednesday, tracking the firmer Wall Street finish though reports that Washington plans to raise tariffs on $200 billion of Chinese goods have put the focus back on volatile Sino-U.S. trade relations.
The Trump administration plans to propose slapping a 25-percent tariff on $200 billion of imported Chinese goods after initially setting them at 10 percent, a source familiar with the plan said on Tuesday.
U.S. President Donald Trump defended his trade policies on Tuesday in a speech in Florida and said American farmers hurt by retaliatory tariffs from China were bearing up, in a sign he is feeling some political heat on the issue.
Asian shares rose on Wednesday, following gains on Wall Street, as a report of attempts to renew talks between the United States and China eased trade war fears, but investors will be keeping a close eye on data due today.
Billionaire Warren Buffett’s Berkshire Hathaway Inc is loaning up to $2 billion to the company that owns some of what used to be some of Sears Holdings Corp’s best real estate.
Baidu (NASDAQ:BIDU) reported its latest quarterly earnings results after the bell Tuesday, which were better than what analysts were calling for, sending shares rising late in the day. Baidu added that for the period, it amassed adjusted earnings of roughly $3.18 per share, which is stronger than the $2.44 per share that analysts polled by FactSet were calling for in their average estimate. Analysts were calling for Baidu to bring in revenue of $3.8 billion for the quarter. …read more […]
SL Green Realty Corp , a major New York landlord, said on Tuesday that The Carlyle Group LP signed a 15-year lease for three floors at One Vanderbilt, a marquee office tower that is part of a bevy of new buildings redefining the city’s skyline.
Dialog Semiconductor Plc said on Tuesday it has ended discussions with Synaptics Inc about a potential acquisition of the U.S. touch-pad technology company, without citing a reason.
U.S. oil producer Devon Energy Corp on Tuesday missed Wall Street estimates for quarterly profit as expenses rose and a misplaced bet on the direction of oil prices offset higher oil output.
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