August 1, 2018

S&P, Dow edge down after Fed decision; tech boosts Nasdaq

The S&P 500 and Dow slipped on Wednesday as gains in Apple shares were offset by a drop in energy and industrial companies, while the U.S. […]
August 1, 2018

Trump administration confirms plan to raise China import tariff to 25 percent

U.S. President Donald Trump’s administration is proposing a tariff rate increase on $200 billion worth of Chinese goods to 25 percent from 10 percent as the […]
August 1, 2018

Tesla expects to hit more than 6000/week Model 3 production rate

Tesla Inc said on Wednesday it expects to increase Model 3 production to 6,000 per week by late August, buoying expectations that the Elon Musk-led electric […]
August 1, 2018

T-Mobile beats quarterly estimates for new wireless subscribers

T-Mobile US Inc on Wednesday said it added more wireless subscribers than Wall Street had expected, as the third-largest U.S. wireless carrier gained customers, helped by […]
August 1, 2018

Exclusive: Insurtech firm wefox in talks with suitors including Softbank – sources

Wefox, one of Europe’s fastest-growing insurance technology firms, is close to settling on a new “triple-digit million” euro funding round, with Softbank’s Vision Fund among the […]
August 1, 2018

Icahn, with sizable stake in Cigna, to oppose Express Scripts acquisition: WSJ

Billionaire investor Carl Icahn has a sizable stake in health insurer Cigna and plans to vote against its planned $52 billion acquisition of pharmacy benefits manager […]
August 1, 2018

Stocks sink amid trade war fears but Apple results cap losses

Stocks fell worldwide on Wednesday amid fears of an escalation of the trade war between the United States and China although robust results from Apple Inc […]
August 1, 2018

Scolding from Chinese state media dampens Apple’s earnings cheer

Apple Inc may have just notched up its fourth straight quarter of double-digit revenue growth in China, but among some Chinese consumers the glow was overshadowed […]
August 1, 2018

Tesla plans to raise funds for its China factory: Bloomberg

Tesla Inc is looking to raise a portion of the $5 billion it needs to build its factory in Shanghai from local Chinese partners, Bloomberg reported […]
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