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Market News
MARKET SNAPSHOT: Stocks Notch Back-to-back Losses And Dow Transports Shed 3.6%
Top / Flop
Wednesday, 17 July
Qualcomm set to face second EU antitrust fine shortly: sources
4h ago - BRUSSELS (Reuters) - Qualcomm, the world's no.1 chipmaker, could be hit with a second EU antitrust fine as soon as Thursday for blocking a rival from the market more than a decade ago, people familiar with the matter said.
Bank of America trims net interest income guidance
2h ago - (Reuters) - Bank of America Co lowered its annual net interest income guidance on Wednesday to reflect a weakened interest rate environment as the second-largest U.S. lender reported higher-than expected earnings fueled by strong consumer trends.
Netflix shares plunge as global growth falls short, U.S. customers shrink
29m ago - (Reuters) - Netflix Inc said on Wednesday it lost U.S. streaming customers for the first time in eight years and missed targets for new subscribers overseas, an announcement that jarred investors ahead of looming competition.
EBay beats estimates as more shoppers flock to site, shares rise
2h ago - (Reuters) - EBay Inc beat Wall Street estimates for quarterly revenue and profit on Wednesday, as efforts to make its platforms easier to navigate attracted more customers, coupled with growth in its advertising and payments businesses.
Wall St. falls as CSX results signal damage from trade tensions
3h ago - NEW YORK (Reuters) - U.S. stock indexes fell on Wednesday as weak results from CSX Corp stoked concerns that the protracted trade war between the United States and China could hurt corporate earnings.
GLOBAL MARKETS LIVE: BHP Group, Netflix, Amazon, LVMH…
10h ago - The arrival of corporate results overshadows other corporate news. Today’s session includes new figures and forecasts for 2019, with some sector-specific barometers in Europe, such as Swatch in luxury, ASML in semiconductors and Ericsson in networks, but also in the United States with the first tech companies, IBM and Netflix. US stock-index futures are edging up amid mixed global equities.
THE DAILY MACRO BRIEF: New US taxes, Google betrayal, Powell's speech, Safe Haven Currency, Sovereign Rating...
12h ago - Trump is putting fuel back on the fire by threatening China with new customs duties. Google is accused of espionage and finds itself at the heart of an investigation for treason. Powell delivered a speech yesterday on the occasion of the 75th anniversary of the Bretton Woods Agreement. The German Ursula Von Der Leyen has been appointed head of the European Commission. The euro plunges and safe-haven stocks rise.
Lockmaker Assa Abloy wary on some markets as savings lift second quarter profit
11h ago - STOCKHOLM (Reuters) - Assa Abloy, the world's biggest lock maker, reported a 28% jump in quarterly profit as savings and price hikes offset higher raw material costs but said uncertainty had increased in some markets such as Brazil, Mexico and Britain.
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