Business & Finance News
SAN FRANCISCO (Reuters) – Tesla Inc stood by its production targets for its Model 3 on Wednesday, assuring investors that its key new vehicle was on track, and sought to downplay increased wariness over its finances, saying it expected to achieve net profit in both its third and fourth quarters.
(Reuters) – MetLife Inc reported an 8 percent rise in adjusted first-quarter profit on Wednesday, boosted by U.S. tax reforms, as well as volume growth in Asia and better results in auto and catastrophe businesses.
WASHINGTON (Reuters) – Three members of the Federal Trade Commission were sworn in on Wednesday, bringing the agency to full staffing at the top for the first time since mid-2015.
(Reuters) – The poorest U.S. consumers would lose most from the proposed tie-up of wireless carriers T-Mobile US Inc and Sprint Corp, according to consumer advocates who warned the combined company would hike fees for pre-paid and other low-cost mobile phone plans.
NEW YORK (Reuters) – U.S. stocks fell on Wednesday as potential U.S. restrictions on Chinese telecom companies reinforced investor concerns about worsening trade relations between the United States and China.
LONDON/BENGALURU (Reuters) – Music streaming leader Spotify Technology on Wednesday posted quarterly revenue just below Wall Street’s average estimate in its first report as a publicly traded company, sending its shares down 9 percent in after-hours trading.
(Reuters) – Tesla Inc on Wednesday posted its worst ever quarterly loss and said its Model 3 production target remains on track, expecting about 5,000 per week in about two months.
LONDON (Reuters) – Spotify Technology on Wednesday posted quarterly revenue in line with its recent outlook and sharply lower operating losses in the music streaming leader’s first financial report as a publicly traded company.
MONTREAL/PARIS (Reuters) – Bombardier Inc and Airbus SE named new leaders for the CSeries jetliner program on Wednesday, in a further step towards finalizing a deal for the European planemaker to take control of the Canadian project, according to memos seen by Reuters.
NEW YORK (Reuters) – U.S. stocks briefly rose but returned to negative territory on Wednesday after the Federal Reserve left interest rates unchanged in its policy announcement.
BEVERLY HILLS, Calif. (Reuters) – The titans of finance who flock to the annual Milken Institute Global Conference each spring say they believe their quest for profits can also make the world a better place.
(Reuters) – Cambridge Analytica, the data firm embroiled in a controversy over its handling of Facebook Inc user data, and its British parent firm SCL Elections Ltd are shutting down immediately, the company said on Wednesday.
NEW YORK (Reuters) – U.S. stocks edged higher on Wednesday after the Federal Reserve released its policy announcement, leaving interest rates unchanged.
(Reuters) – The Cambridge Analytica consultancy at the center of this year’s Facebook privacy row is closing, the Wall Street Journal on Wednesday reported the founder of the firm’s UK-based parent as saying.
WASHINGTON (Reuters) – The Federal Reserve held interest rates steady on Wednesday and expressed confidence that a recent rise in inflation to near the U.S. central bank’s target would be sustained, leaving it on track to raise borrowing costs in June.
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