May 1, 2019

Fitbit quarterly results beat Street as it sold more wearable devices

Wearable device maker Fitbit Inc reported better-than expected first-quarter results on Wednesday, benefiting from higher sales of its smartwatches and wearable devices that track daily activities. […]
May 1, 2019

Qualcomm current-quarter revenue forecast falls short, shares drop

Qualcomm Inc on Wednesday forecast current-quarter revenue largely below Wall Street targets, excluding a settlement payment from Apple Inc, sending its shares down 3 percent in […]
May 1, 2019

World stocks fall, dollar gains on Powell comments

Global equities lost ground on Wednesday, snapping a three-day winning streak after the U.S. Federal Reserve held rates steady as expected but comments from Fed Chairman […]
May 1, 2019

U.S. House panel aims for May 15 hearing on Boeing 737 MAX: sources

The U.S. House Transportation and Infrastructure Committee is tentatively planning a May 15 hearing on the now grounded Boeing 737 MAX and the Federal Aviation Administration’s […]
May 1, 2019

Starbucks recalls coffee presses because of laceration hazard

Starbucks Corp is recalling about 263,000 of its coffee presses, made in partnership with Bodum, after the world’s largest coffee chain received reports of the product […]
May 1, 2019

Wall Street drops after Fed chair dampens rate-cut hopes

U.S. stocks ended lower on Wednesday and the S&P 500 snapped a three-day streak of record high closes as comments from Federal Reserve Chairman Jerome Powell […]
May 1, 2019

Fed keeps interest rates steady as U.S. economy motors along

The Federal Reserve held interest rates steady on Wednesday as policymakers took heart in continued U.S. job gains and economic growth and held out hope that […]
May 1, 2019

UK’s May fires defense secretary over Huawei leak

British Prime Minister Theresa May fired her defense minister on Wednesday over a leak of discussions in the National Security Council about Chinese telecoms company Huawei, […]
May 1, 2019

UK’s May fires defence secretary over Huawei leak

British Prime Minister Theresa May fired her defence secretary, Gavin Williamson, on Wednesday, saying an investigation suggested he was to blame for leaking discussions about Chinese […]
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