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 […]
August 1, 2018

U.S. factory activity slows; private payrolls increase

U.S. manufacturing activity slowed in July amid signs that a robust economy and import tariffs were putting pressure on the supply chain, which could hurt production […]
August 1, 2018

NBA strikes sports betting deal with MGM as official partner

The National Basketball Association on Tuesday announced its first-ever official sports betting partner, MGM Resorts International , with the league agreeing to sell its official game […]
August 1, 2018

S&P futures little changed as trade woes offset Apple’s boost

S&P futures were little changed on Wednesday as Apple’s stellar results helped stem concerns over the future growth of the tech sector, but fears of an […]
August 1, 2018

Global stocks slip, dollar rises as trade war fears hound markets

World stocks fell and the dollar strengthened on Wednesday due to fears of an imminent escalation in the U.S.-China tariff war, although strong corporate earnings eased […]
August 1, 2018

Sprint profit falls 16 percent

U.S. wireless carrier Sprint Corp on Wednesday reported a 16 percent fall in first-quarter profit, as it ramped up spending to attract more subscribers. Powered by […]
August 1, 2018

Wells Fargo finds efficiency target elusive as revenue slips

With Wells Fargo & Co’s revenue slumping and no clear end in sight for sales scandal-related costs, analysts have pushed back predictions for when the bank’s […]
August 1, 2018

Ferrari confirms guidance as new CEO takes the wheel

Ferrari reported a 7 percent rise in second-quarter adjusted core earnings and confirmed its outlook for the year as a new boss takes charge at the […]
August 1, 2018

Global factory growth slowing; China-U.S. trade war biting

Factory growth stuttered across the world in July, heightening concerns about the global economic outlook as an intensifying trade conflict between the United States and China […]
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