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Baker Hughes Shares Slide After General Electric Plans $3 Billion Share Sale
Baker Hughes shares traded lower Wednesday after the oilfield services group said majority owner General Electric GE would trim its holding to less than 50% as it moves to raise $3 billion and reduce its overall debt.
Apple iPhone Pricing Could Trim Margins, But 1.4 Billion Base Remains Compelling
Apple traded at a six-week Wednesday as analysts and investors reacted to the tech giant's much-anticipated product launch event that included three new iPhones but hinted at a focus on lower prices and narrower profit margins in the years ahead.
Dow Futures Higher, Global Stocks Gain as China Unveils US Tariff Exemptions
Global stocks extended gains Wednesday, lifting U.S. equity futures towards a sixth consecutive session gain, as investors reacted to news that China will allow some exemptions to tariffs on U.S. imports as the two side prepare to re-start trade talks between the world's two biggest economies.
Trump Calls Federal Reserve Officials 'Boneheads,' Demands Zero Interest Rates
President Donald Trump renewed his attack on the Federal Reserve Wednesday, calling the central bank's policymakers 'boneheads' as he called for U.S. interest rates to be cut to zero percent.
London Stock Exchange Hits Record High After $39 Billion Hong Kong Takeover Bid
London Stock Exchange Group shares surged to a fresh record high Wednesday after the London-based securities exchange received a $39 billion takeover from its Asian rival, the Hong Kong Exchanges and Clearing Limited.
Apple iPhone Launch: Five Things to Look for Ahead of Key Product Event
Apple will host its eleventh annual product launch event in California later Tuesday, with investors focused on service-focused additions, as well as new versions of the AppleWatch and AirPods, to compliment the expected suite of new iPhones.
Ford Shares Skid After Moody's Cuts Carmaker's Credit Rating to Junk Status
Ford shares slumped Tuesday after analysts at Moody's Investors Service cut its credit rating to junk status, citing "considerable operating and market challenges" amid the carmaker's multi-billion restructuring plans.
Margrethe Vestager, Scourge of US Tech, To Stay on a EU Competition Commissioner
Margrethe Vestager, the EU lawamker that has led multiple antitrust actions against big U.S. tech companies and been accused of "hating" America by President Donald Trump, will keep her role as Competition Commissioner in the executive's new cabinet.
Dow Futures Flat, Global Stocks Drift on Soft China Data; Bonds Extend Slump
Global stocks drifted lower Tuesday, putting Wall Street at risk of snapping a four-day winning streak, as investors reacted to weaker-than-expected industrial data from China while continuing to factor near-term support from the world's biggest central banks.
SoftBank Urges WeWork to Delay IPO Amid Valuation, Governance Concerns - Reports
Softbank Group is urging WeWork to postpone its plans to go public, multiple media reports indicated Tuesday, amid concerns over its weaken valuation complex corporate structure.