October 24, 2018

Visa tops profit estimates as consumer spending grows

Visa Inc topped Wall Street estimates for quarterly profit on Wednesday, as the world’s largest payments network benefited from higher credit- and debit-card spending in a […]
October 24, 2018

China slump, commodity costs cause Ford profit drop

Ford Motor Co on Wednesday posted a lower quarterly profit as high commodity costs and a China sales slump partially offset strong demand for pickup trucks […]
October 24, 2018

Microsoft results beat estimates on strong cloud growth

Microsoft Corp beat Wall Street estimates for revenue and profit in its first quarter on Wednesday, as more businesses signed up for its Azure cloud computing […]
October 24, 2018

Nasdaq confirms correction; S&P, Dow erases year’s gains

U.S. stocks tumbled again on Wednesday, confirming a correction for the Nasdaq and erasing the Dow and S&P 500’s gains for the year, as disappointing forecasts […]
October 24, 2018

New York sues Exxon for misleading investors on climate change risk

New York’s attorney general sued Exxon Mobil Corp, alleging that the energy company misled investors about the risks of climate change regulations on its business. Powered […]
October 24, 2018

U.S. new home sales near two-year low as mortgages rates rise

Sales of new U.S. single-family homes fell to a near two-year low in September and data for the prior three months was revised lower, the latest […]
October 24, 2018

Tesla hits near bottom in Consumer Reports reliability survey

Tesla Inc’s high-end Model S sedan lost its “recommended” rating and the electric carmaker slid overall by six spots to almost the bottom in Consumer Reports […]
October 24, 2018

Tesla may post profit with Model 3 surge, investors look for more

Chief Executive Elon Musk may post a long-promised profit when Tesla Inc reports third-quarter results later on Wednesday, as production of the Model 3 electric sedan […]
October 24, 2018

Wall Street drops as chipmakers fan corporate growth fears

U.S. stocks slid on Wednesday, continuing a brutal month, as weak forecasts from chipmakers fanned concerns over the impact of tariffs and China’s slowdown on corporate […]
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