October 5, 2018

Rising U.S. bond yields hit global markets, Asian stocks fragile

Asian shares were fragile on Friday after benchmark U.S. Treasury yields surged to a seven-year high and strong economic data fanned concerns about inflation and the […]
October 5, 2018

Wells Fargo planning its first post-crisis mortgage bond: Bloomberg

Wells Fargo & Co is planning its first post-crisis offering of bonds tied to U.S. home loans without government backing, Bloomberg reported on Thursday citing people […]
October 4, 2018

Samsung Electronics says third-quarter operating profit likely climbed by a fifth to record

Samsung Electronics Co Ltd on Friday said its third-quarter operating profit likely jumped by a fifth to a record high, in line with market expectations, on […]
October 4, 2018

Snap CEO Spiegel sets profitability goal for 2019: Cheddar

Parent of Snapchat messaging Snap Inc’s Chief Executive Evan Spiegel has set a goal to achieve full-year profitability in 2019 and outlined a new set of […]
October 4, 2018

Costco barely beats sales estimates, gross margins weigh

Costco Wholesale Corp’s quarterly sales barely beat analysts’ estimates on Thursday as growth in online business decelerated to its slowest in the year amid intense competition, […]
October 4, 2018

Tronc renames itself back to Tribune Publishing

Newspaper publisher Tronc Inc said on Thursday it will rename itself as Tribune Publishing Co, effective Oct. 9. Powered by WPeMatico
October 4, 2018

Tesla’s Musk mocks SEC as judge demands they justify fraud settlement

Tesla Inc’s Elon Musk on Thursday mocked the U.S. Securities and Exchange Commission, just hours after a federal judge ordered him and the regulator to justify […]
October 4, 2018

DoubleLine’s Gundlach: 30-year U.S. Treasury signals higher bond yields

Jeffrey Gundlach, chief executive of Doubleline Capital, on Thursday said the 30-year U.S. Treasury bond yield has broken above a multiyear base, which should lead to […]
October 4, 2018

Costco quarterly sales narrowly beat estimates

Warehouse club operator Costco Wholesale Corp’s quarterly sales narrowly beat estimates on Thursday, with online sales losing steam in the face of intense competition from Amazon […]
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