August 2, 2019

JPMorgan set for historic majority stake in China funds JV: sources

JPMorgan was on Friday poised to become the first foreign company to hold a majority stake in a Chinese mutual fund business, two sources said, setting […]
August 2, 2019

U.S. tariff threat may compound Apple’s iPhone woes: BofA

Apple Inc could see a hit to its annual earnings from U.S. President Donald Trump’s newly proposed 10% tariff on Chinese imports from Sept. 1, analysts […]
August 2, 2019

Exxon Mobil profit sinks on weakness in chemicals, refining

Exxon Mobil Corp on Friday reported a 21% drop in quarterly profit, its third period in a row of weaker year-over-year results, as sharply higher oil […]
August 2, 2019

Levi’s slims down China supply chain exposure as trade war rages on

Levi Strauss & Co has been “deliberate and diligent” in moving production out of China because of uncertainty hanging over tariffs on goods imported from China, […]
August 2, 2019

Ferrari shares fall after it fails to upgrade guidance despite earnings rise

Shares in Ferrari went into reverse on Friday as the Italian luxury carmaker failed to lift its guidance for 2019 despite strong results in the first […]
August 2, 2019

Wall Street drops to one-month low on trade, growth fears

Wall Street’s main indexes sank to one-month lows on Friday after a sharp escalation in U.S.-China trade tensions and tepid job growth in July reinforced fears […]
August 2, 2019

Chevron profit surges 26% on higher output, termination fee

Chevron Corp reported a 26.3% jump in quarterly profit on Friday, as higher oil and gas production and a one-time breakup fee from its failed bid […]
August 2, 2019

Exxon Mobil profit drops on weaker gas prices, higher costs

Exxon Mobil Corp reported a 21% drop in quarterly profit on Friday, hit by weaker natural gas prices and higher maintenance costs. Powered by WPeMatico
August 2, 2019

Trump tariff salvo batters European stocks, sparks bond rally

European stocks posted their biggest drop of 2019 on Friday and German bond yields hit record lows after U.S. President Donald Trump fired his latest trade […]
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