October 30, 2019

The Federal Reserve is waiting for a U.S.-China ‘Phase One’ trade deal too

U.S. trade policy and its impact on business investment, manufacturing and exports were a key factor in the Federal Reserve’s decision to cut rates, chair Jerome […]
October 30, 2019

Consumers support U.S. economy as business spending slumps

U.S. economic growth slowed less than expected in the third quarter as a further contraction in business investment was offset by resilient consumer spending, further allaying […]
October 30, 2019

MetLife profit falls short on U.S., Latam weakness

U.S. insurer MetLife Inc fell short of Wall Street estimates for quarterly profit on Wednesday, hit by a fall in adjusted earnings in its U.S. and […]
October 30, 2019

Apple tunes out trade war as new AirPods, services lift holiday outlook

Apple Inc on Wednesday forecast sales for the crucial holiday shopping quarter ahead of Wall Street expectations, with Chief Executive Tim Cook seeing strong sales of […]
October 30, 2019

Diamond Eagle in talks to buy fantasy sports provider DraftKings: Bloomberg

Diamond Eagle Acquisition Corp , a special purpose acquisition company, is in advanced talks to buy fantasy sports provider DraftKings Inc, Bloomberg reported on Wednesday. Powered […]
October 30, 2019

U.S. handling of tariffs raises appearance of ‘improper influence’: watchdog

Lack of transparency in the Commerce Department’s handling of steel and aluminum tariffs raised the appearance that certain companies may have had “improper influence” in the […]
October 30, 2019

Lyft sees ‘path to profitability’ as riders, revenues increase

Ride-hailing company Lyft Inc on Wednesday said higher-than-expected third-quarter revenues and an improved outlook showed it was well on its way to profitability by the end […]
October 30, 2019

GE still sees $1.4 billion cash cost from Boeing 737 MAX grounding in 2019

General Electric Co still expects the grounding of Boeing Co’s 737 MAX jetliner to reduce its cash flow by $1.4 billion in 2019, provided the aircraft […]
October 30, 2019

Two plead guilty in conspiracy involving Uber, LinkedIn, others: U.S. Justice Dept

Two hackers pleaded guilty in federal court on Wednesday for a conspiracy to extract bounties from Uber Technologies Inc , LinkedIn and other corporations in exchange […]
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