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Stocks Drift Lower as Trade War Jitters Offset Earnings Season Optimism
Global stocks traded modestly lower Thursday, with investors reluctant to add to risk positions amid increasing concerns over the pace of economic growth thanks to ongoing trade disputes with Washington.
Danaher Shares Surge After Dental Spinoff Plan, Solid Q2 Earnings
Danaher shares surged in pre-market trading Thursday after the medical equipment maker said it would spin off its dental business into a separate, publicly-listed company.
SAP Boosts Forecasts as Cloud Sales Impress; Microsoft Earnings In Focus
SAP lifted its full year and near term cloud sales forecasts following a surge in growth for what is becoming a key business sector for tech giants all over the world.
IBM Shares Jump After 'Strategic Imperatives' Drive Q2 Earnings Beat
IBM shares jumped higher in pre-market trading Thursday after the computer industry icon posted better-than-expected second quarter earnings thanks to solid growth in its cloud services business.
Alcoa Warns Trump Tariffs Will Hit Profits as it Lowers Full Year Forecast
Alcoa shares pared some after-hours declines Thursday even as the aluminium producer said Trump tariffs, which have already cost $15 million, will eat into its full year earnings.
TSMC Trims Full Year Sales Forecast as Crypto Mining, Smartphone Demand Wanes
TSMC cuts its 2018 sales forecast for the second time this year amid slowing demand for its crypto currency mining chips and the ongoing slump in global smartphone sales.
Google Fined Record $5 Billion by EU Following Android App Probe
Google was fined a record $5 billion by European antitrust authorities Wednesday following a lengthy investigation into contracts that tie makers of android-operated smartphones to the exclusive sale of its apps.
Global Stocks March Higher as Upbeat Powell, Robust Earnings Ignite the Bulls
An upbeat assessment of the U.S. economy from Fed Chairman Jerome Powell, as well as a robust start to the corporate earnings season, has global stocks on the march Wednesday, although trade war jitters continue to blunt gains in China.
European Tech Earnings Provide Solid Case for Global Sector Outlook
European Tech stocks were leading broader markets gains Wednesday as a series of solid second quarter earnings, and bullish forecasts, steadied some investor concern over the pace of growth the sector may experience in the second half of the year.
U.K. Inflation Slows, Pound Slides as Bank of England Rate Hike Bets Fade
U.K. inflation slowed notably in June, sending the pound sharply lower against the dollar as bets on a near-term rate hike from the Bank of England fade and investors sift through the brewing political chaos surrounding the country's exit from the European Union.