U.S. home improvement chain Lowe’s beat Wall Street earnings forecasts on Wednesday, and predicted that more Americans would renovate their houses this year rather than buy a home in a market where prices are rising.
Global stock indexes fell on Wednesday after U.S. Trade Representative Robert Lighthizer said it was too early to predict an outcome in U.S.-China trade talks, while oil prices rallied after inventory data.
Shares in Air France-KLM fell sharply on Wednesday after the Dutch government said it would take a 14 percent stake in the airline, highlighting tensions between France and the Netherlands over control of the company.
Qatar Airways said on Wednesday it is suspending some planned new destinations, especially in West and Central Africa, due to the Gulf boycott, the company said in a Twitter post.
U.S. issues with China are “too serious” to be resolved with promises from Beijing to purchase more U.S. goods and any deal between the two countries must include a way to ensure commitments are met, U.S. Trade Representative Robert Lighthizer said in testimony at a Congressional hearing on Wednesday.
German drugs and lab supplies maker Merck KGaA has offered $5.9 billion, including debt, for Versum Materials, in a cash deal that tops an offer from U.S. group Entegris, as both seek to boost their electrochemicals operations.
Best Buy Co Inc shares surged 16 percent on Wednesday after it gave an upbeat profit forecast for the year and reported better-than-expected holiday-quarter sales.
The U.S. goods trade deficit widened sharply in December as slowing global demand and a strong dollar weighed on exports, another sign that economic growth slowed in the fourth quarter.
U.S. issues with China are “too serious” to be resolved with promises from Beijing to purchase more U.S. goods and any deal between the two countries must be include a way to ensure commitments are met, U.S. Trade Representative Robert Lighthizer said in testimony at a Congressional hearing on Wednesday.
U.S. stocks added to losses on Wednesday after U.S. Trade Representative Robert Lighthizer said U.S. issues with China are “too serious” to be resolved by promises of more purchases of U.S. goods by Beijing.
Mylan NV shares slid 10 percent on Wednesday after the generic drug maker predicted poor 2019 earnings that led some Wall Street analysts to wonder if its finances would worsen further.
The U.S. goods trade deficit widened sharply in December as slowing global demand and a strong dollar weighed on exports, another sign that economic growth slowed in the fourth quarter.
U.S. stocks opened slightly lower on Wednesday, as the second U.S.-North Korean nuclear summit kicked off and tensions flared up between nuclear-armed neighbors India and Pakistan.
Ford Motor Co’s joint venture with China Changan Automobile Group has decided not to renew its contract with some agencies supplying it with workers, as carmakers struggle to cope with slumping sales in China.
Best Buy Co Inc gave an upbeat profit forecast for the year while reporting better-than-expected holiday-quarter sales on Wednesday, as it benefited from higher demand for wearable devices, gaming consoles and appliances.
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