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China's Challenges Pile Up as Factories Slow Amid Trade Standoff China's manufacturing sector slowed more than expected and further signs of stress in the labor market appeared, adding to a weakening currency and financial nervousness on the list of problems faced by President Xi Jinping as the trade war worsens.
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Asia stocks mixed as Chinese economic data disappoints; automakers tumble Stocks in Asia traded mixed on Friday afternoon as China's manufacturing data fell below analysts' expectations. Japan's Nikkei 225 slipped 0.82% in afternoon trade, with the Topix index also trading down by 0.65%. Over in Australia, the ASX 200 traded ...
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Shares shaken, bonds surge as Trump stirs recession risk SYDNEY (Reuters) - U.S. stock futures slid and sovereign bonds surged on Friday as investors feared President Donald Trump's shock move to slap tariffs on Mexico risked tipping the United States, and maybe the whole world, into recession. FILE PHOTO: ...
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Australia's AGL Energy withdraws buyout offer for Vocus SYDNEY (Reuters) - AGL Energy said it made then quit a takeover play for Vocus as it could not agree on due diligence terms with the Australian telecoms company, which is looking at a separate $2.3 billion offer from Swedish private-equity firm EQT.
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Costco Stock Is Sliding Because Good Earnings Weren't Good Enough Costco Wholesale (COST) is drifting lower in after hours trading on Thursday, following the discounter's fiscal third-quarter earnings report,. The back story. Costco (COST) stock is up more than 18% in 2019, after rising nearly 22% in the trailing 12-month ...
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Uber Launches New Program to Get Drivers Who Can't Afford Cars to Drive Cars for Them Uber was once a modest company with modest goals: unleash the power of the free market in a heavily-regulated industry to provide on-demand, convenient rides while allowing folks with cars to make extra cash driving people around. It didn't take long for ...
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Juul mulls Houston e-cig store, raising public health concerns Juul Labs, the nation's largest e-cigarette maker, is looking to open its first U.S. shops in Houston and Dallas, renewing concerns among public health officials who have long waged campaigns against smoking. The San Francisco company has not made a ...
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Is Bringing Back New Coke On Netflix A Good Move For Coca-Cola? Every now and then a truly fascinating marketing move is made by one of the world's top companies. Coca-Cola's recent move to bring back New Coke in partnership with Netflix is one of those moves. As documented by Ad Age's excellent writer Jeanine ...
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Springer Family, KKR Eye Taking Bild Tabloid Publisher Private KKR & Co. and Axel Springer SE are in talks about a strategic investment by the private equity firm that could take the German publisher private. KKR may launch a tender offer to buy out the minority shareholders in Axel Springer, which owns the ...
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Greyhound Lines' UK owners are putting it up for sale, report says Americans aren't "going Greyhound" anymore and that's forced its parent company FirstGroup to offer it for sale. The Washington Post/Getty Images. It probably won't surprise you to hear that Greyhound Lines isn't doing so well -- that is unless of course, ...
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Alphabet Stock Is an 'Obvious Winner,' Despite Slowing Revenue Growth Is something wrong at Alphabet (ticker: GOOGL)?. In April, the Google parent reported a surprise slowdown in revenue growth. First-quarter revenue of $30.7 billion was up 15.3% from the year-ago quarter, slowing from 19.9% growth in the fourth quarter and ...
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Uber and Lyft drivers circle and honk around Seattle City Hall to demand fair pay Uber and Lyft drivers joined together on Thursday morning to protest what they believe is unfair treatment on the part of ride-share companies. Starting at 11:15 a.m. at the Masjid al-Taqwa mosque in the Central District, more than 20 cars -- decked with ...
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GM is investing $24 million to build more pickups in Indiana, the heart of Trump country General Motors announced on Thursday that it would invest $24 million in its Fort Wayne, Indiana, factory. The factory builds full-size Chevy and GMC pickups and has received a total investment of over $1.2 billion. Politics matter in the announcement.
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Uber Shares Rise as Company Loses Less Money Than Expected Shares of Uber (UBER) were volatile after the company reported better-than-expected earnings in its first quarter as a public company. The stock was recently rising almost 3% to $40.98 a share in after-hours trading on Thursday, after initially rising and then ...
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Shares up as new Eclipx boss changes gear Eclipx's novated vehicle-leasing business has just had its best monthly growth on record, says its new chief executive in a sign that a refocused company may emerge from the mess of a $120 million first-half loss. Julian Russell took the helm on May 13 and is ...
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Cypress Extends Rally as Morgan Stanley Upgrades Stock Amid Takeover Talk The Cypress Semiconductor rally continued on Thursday following a Bloomberg report that the company has hired advisors to weigh strategic alternatives after it was contacted by a potential buyer. Cypress has declined to comment. Morgan Stanley ...
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Instagram Is More Engaging Than Snapchat, Report Claims If there's one advantage Snap (NYSE:SNAP) has had over its bigger competitors like Instagram, it's that its users spend more time in the app everyday. Snap even highlighted its engagement in its first-quarter earnings report, noting average time spent per ...
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Rally's announces data breach affecting Lexington, Winchester restaurants LEXINGTON, Ky. (WKYT) - Dozens of Rally's and Checkers locations across the country are involved in a data breach, and some Kentucky locations are involved. The fast food restaurant chain said malware was installed on various point-of-sale systems at ...
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Dalio: China's Rare Earths Threat Would Be 'Major Escalation' of Trade War China's recent threat to restrict the production and export of rare-earth materials would be a "major escalation" of the trade war with the United States, according to Bridgewater Associates co-founder and hedge-fund billionaire Ray Dalio. He mentioned the ...
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