The Tokyo Stock Exchange on Thursday suspended trading in shares of Japan Display Inc after the Nikkei business daily reported that Ichigo Asset Management would inject about 100 billion yen ($900 million) into the company.
The outbreak of a new virus that originated in the central-Chinese city of Wuhan is likely to slow China’s economic growth at least in the near term and could hurt its trading partners around the world.
United Parcel Service Inc said on Wednesday it was ordering 10,000 electric delivery trucks from UK-based Arrival Ltd and teaming with self-driving startup Waymo as package carriers work to cut costs and tailpipe pollution.
Facebook Inc said on Wednesday that growth would continue to slow as its business matured and it reported a surge in quarterly expenses, disappointing Wall Street expectations that the costs of improving privacy would level off.
The Federal Reserve will keep injecting cash into the banking system and buying billions of dollars of Treasury bills for a few more months, but it aims to start dialing back on both in the second quarter, Chair Jerome Powell said Wednesday.
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The S&P 500 ended slightly lower on Wednesday, as an initial boost from the likes of Apple, Boeing and General Electric following their quarterly results faded in the wake of a policy announcement from the Federal Reserve.
The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with the head of the U.S. central bank pointing to continued moderate economic growth and a “strong” job market, and giving no sign of any imminent changes in borrowing costs.
Microsoft Corp on Wednesday reported fiscal second-quarter sales and profit that beat Wall Street expectations, driven by the first acceleration of Azure cloud computing revenue growth in eight quarters amid a pitched battle with Amazon.com Inc’s cloud unit.
Mondelez International Inc , the maker of Oreos and Chips Ahoy cookies, on Wednesday reported quarterly revenue that beat estimates, helped by higher demand for its snacks in developing markets, sending shares up 3%.
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United Parcel Service Inc said it aims to more than double weekend deliveries in 2020 as package carriers look for ways to satisfy the always-on demands of e-commerce customers, including rising rival Amazon.com Inc . The world’s biggest online retailer pioneered seven-day delivery in 2013, in partnership with the U.S. Postal Service (USPS), and is now spending billions of dollars to speed up its free shipping.
Microsoft Corp on Wednesday reported fiscal second-quarter revenue and profit that beat Wall Street expectations, a sign that its Azure cloud computing services continues to grow amid a pitched battle with Amazon.com Inc’s cloud unit.
Facebook Inc reported a decline in fourth-quarter operating margins on Wednesday, missing Wall Street’s expectations that it would level off spending to improve privacy and content across its apps, and revenue growth was the slowest ever.
Global airlines on Wednesday continued to suspend or scale back direct flights to China’s major cities amid an increase in travel warnings and decline in demand from passengers over the coronavirus.
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