July 31, 2019

GE lifts forecast but warns Boeing grounding may cost $1.4 billion

General Electric Co raised its 2019 forecast on Wednesday, but disclosed more than $1 billion in potential costs from Boeing’s grounded 737 MAX jetliner, puncturing an […]
July 31, 2019

Fitbit cuts 2019 revenue view, Versa Lite sales lag; shares tank

Wearable device maker Fitbit Inc cut its 2019 revenue forecast on Wednesday, blaming disappointing sales of its newly launched cheapest smartwatch Versa Lite, sending its shares […]
July 31, 2019

Qualcomm shares fall 6% on dour current-quarter forecast

Qualcomm Inc missed quarterly revenue estimates and forecast current-quarter revenue and profit below analysts’ expectations on Wednesday, sending its shares down nearly 6% in extended trading. […]
July 31, 2019

Whiting Petroleum posts surprise quarterly loss, cuts 33% workforce

Whiting Petroleum said on Wednesday it has cut its workforce by 33% after reporting a second-quarter surprise loss, hit by a drop in crude and natural […]
July 31, 2019

Dollar rises after Fed cuts rates, signals move is one-off

The U.S. dollar rose to two-year highs on Wednesday after Federal Reserve Chair Jerome Powell, having made the first cut to interest rates since 2008, signaled […]
July 31, 2019

Fed cuts rates, signals it may not need to do more

The Federal Reserve cut interest rates on Wednesday to shore up the economy against risks including global weakness, but the head of the U.S. central bank […]
July 31, 2019

S&P 500 posts biggest drop since May after Fed cut, Powell comments

The Dow and S&P 500 suffered their biggest daily percentage drops since May 31 on Wednesday after the Federal Reserve cut interest rates for the first […]
July 31, 2019

Nordstrom family prepares proposal for major stake in retailer – WSJ

Shares of Nordstrom Inc rose 8% on Wednesday after the Wall Street Journal reported that members of the retailer’s founding family are in the early stages […]
July 31, 2019

Fitbit lowers 2019 revenue forecast, shares sink 16%

Wearable device maker Fitbit Inc forecast third-quarter revenue below analysts’ estimates and lowered its 2019 sales outlook as the company expects weak smartwatch sales and lower […]
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