January 3, 2019

U.S. factory activity hits two-year low as orders plunge

U.S. manufacturing activity slowed sharply to a two-year low in December amid a plunge in new orders and hiring at factories, which could further stoke concerns […]
January 3, 2019

Apple shares slide after iPhone maker issues rare revenue warning

Apple Inc shares tumbled as much as 10 percent on Thursday after the iPhone maker blamed weak China demand for its revenue shortfall in the holiday […]
January 3, 2019

Apple sales should pick up when U.S.-China strike trade deal: Trump adviser

A sharp drop in Chinese economic growth will hit the profits of U.S. firms but sales by Apple Inc and other American companies should recover once […]
January 3, 2019

Wall Street sinks 2 percent on weak factory data, Apple shock

Wall Street sank 2 percent on Thursday as weak U.S. factory data and the fallout of a rare sales warning from Apple Inc fanned fears of […]
January 3, 2019

Apple’s warning a bad omen for Wall Street bulls

Apple’s warning on Wednesday about weak iPhone demand in the holiday quarter is a gloomy omen for Wall Street bulls hoping for an early gift in […]
January 3, 2019

U.S. private payrolls surge in December; weekly jobless claims rise

U.S. private payrolls increased by the most in nearly two years in December, suggesting sustained strength in the labor market despite ongoing financial market volatility. Powered […]
January 3, 2019

Cargill sees 20 percent drop in second-quarter net earnings, falling revenues amid trade fight

Grains trader Cargill Inc on Thursday reported a 20 percent drop in its fiscal second-quarter 2019 net earnings, amid global trade tensions, challenges in the Chinese […]
January 3, 2019

Qualcomm posts court ordered bonds to stop iPhone sales in Germany

Qualcomm Inc said on Thursday it posted security bonds of 1.34 billion euros ($1.52 billion) in order to be able to enforce a court order that […]
January 3, 2019

Wall Street opens lower as Apple sales warning drags tech

U.S. stocks opened lower on Thursday, weighed by a drop in the technology sector after Apple Inc’s rare sales warning inflamed fears that the Sino-U.S. trade […]
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