Showing posts with the label What's News
What’s News Good Morning Here’s what we’re watching as the U.S. business day gets under way: Amazon revenue jumps, but growth continues to slow. The online retailer reported that its first-quarter profit more than doubled to $3.56 billion, well above analysts' consensus estimate. At the same time, revenue growth slowed for a fourth-straight period, in part because of weak international sales. The slip was not a blip , writes Heard on the Street's Dan Gallagher. Another big day in earnings ahead. Oil giants Exxon and Chevron will report numbers before the bell, as well as American Airlines. Deutsche Bank cuts revenue target a day after merger talks fail. The German bank cut its full-year revenue target to “essentially flat” from 2018 in quarterly results , a day after saying it ended merger talks with smaller rival Commerzbank. With the deal dead, Deutsche Bank urgently needs
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What’s News Good Morning Here’s what we’re watching as the U.S. business day gets under way: Facebook prepares for a large fine. The social-media giant set aside $3 billion for an expected fine from the FTC over privacy issues, cutting into the social-media giant’s profits even as its underlying business remained strong. Facebook posted $15.08 billion in revenue, up 26% from $11.97 billion in the same period last year. Tesla reports loss as Model 3 struggles. The electric-car maker reported one of its worst quarterly losses on record as its struggles with delivering the Model 3 compact car have raised questions about the rosy growth projections made by CEO Elon Musk. Boeing details financial hit from 737 MAX grounding. The aerospace giant said it has begun factoring in more than $1 billion in additional costs while the plane is grounded and production remains scaled back.
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What’s News Good Morning Here’s what we’re watching as the U.S. business day gets under way: S&P 500, Nasdaq climb to fresh records. Stocks have flourished this year—the S&P 500 is up 17% while the Nasdaq has gained 22%—as the Federal Reserve has held interest rates steady and amid renewed optimism about the U.S. economy. In Europe, the Stoxx Europe 600 was down 0.2%. That followed losses across most Asian markets. Twitter shares climb on stout earnings. The social-media company reported record daily users and rising profit, driving shares up as the results signaled recent product tweaks are stabilizing the business. Earnings season continues. Boeing, AT&T and Caterpillar will report before the bell. Facebook , Microsoft , Tesla , Visa and Chipotle will report after markets close. Sri Lanka says Easter attackers w