January 3, 2019

Major automakers bullish on U.S. market despite rising interest rates

Major automakers on Thursday shrugged off declines in U.S. new vehicle sales in December and said they were bullish about 2019 even as economists warned that […]
January 3, 2019

UAW sues GM over use of temporary workers at Indiana plant

The United Auto Workers union sued General Motors Co in federal court on Thursday, claiming the automaker’s use of temporary workers at a plant in Indiana […]
January 3, 2019

Google shifted $23 billion to tax haven Bermuda in 2017: filing

Google moved 19.9 billion euros ($22.7 billion) through a Dutch shell company to Bermuda in 2017, as part of an arrangement that allows it to reduce […]
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 […]
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