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Wall Street jumps as tech bounces back at end of blistering month

October 31, 2018 by  
Filed under News

U.S. stocks rebounded for a second day on Wednesday, as investors snapped up beaten-down technology and internet favorites and strong company results lifted spirits after equities had been spooked this month.


Source: Reuters Business News

Birthday blues for bitcoin as investors face year-on-year loss

October 31, 2018 by  
Filed under News

Bitcoin was heading toward a year-on-year loss on Wednesday, its 10th birthday, the first loss since last year’s bull market, when the original and biggest digital coin muscled its way to worldwide attention with months of frenzied buying.


Source: Reuters Business News

Hyundai, Kia Motors to develop new solar charging tech for vehicles

October 31, 2018 by  
Filed under News

Hyundai Motor Co and its affiliate Kia Motors Corp are planning to launch a solar charging technology for some Hyundai vehicles to meet global emission regulation targets, the South Korean automakers said on Wednesday.


Source: Reuters Business News

Countering global protectionism, Pacific trade pact nears takeoff

October 31, 2018 by  
Filed under News

A landmark 11-country deal that will slash tariffs across much of the Asia-Pacific region will come into force at the end of December, New Zealand said on Wednesday, a rare bright spot for global commerce as the U.S.-China trade war intensifies.


Source: Reuters Business News

Robust earnings boost equity markets after brutal month

October 31, 2018 by  
Filed under News

Robust corporate results helped world stock markets surge on Wednesday, bringing some relief to jittery investors after a brutal October sank equities with one of their worst drops since the financial crisis 10 years ago.


Source: Reuters Business News

U.S. leads equities higher on hopes of U.S.-China trade deal

October 30, 2018 by  
Filed under News

Broad gains in the U.S. equity market turned global stocks higher on Tuesday after President Donald Trump said a “great deal” could be struck with China that would relieve fears of a growing trade war between the world’s two largest economies.


Source: Reuters Business News

Fiat Chrysler's lower cash forecast overshadows special dividend pledge

October 30, 2018 by  
Filed under News

Fiat Chrysler (FCA) reported better-than-expected third-quarter earnings and promised to pay 2 billion euros ($2.3 billion) in special dividends, but a lower net cash forecast and its over-reliance on the North American market weighed on its shares.


Source: Reuters Business News

Pfizer revenue worse than expected as generic competition weighs

October 30, 2018 by  
Filed under News

Pfizer Inc on Tuesday reported worse-than-expected third quarter revenue and lowered the top end of its full-year sales forecast as generic competition and drug pricing pressure in the United States hurt its older drugs business.


Source: Reuters Business News

Mastercard shares slide as quality of revenue growth disappoints

October 30, 2018 by  
Filed under News

Mastercard’s shares reversed course to fall sharply in afternoon trading on Tuesday as investors worried the company’s third-quarter revenue growth was largely being driven by rebates and incentives and not by transaction volumes.


Source: Reuters Business News

General Electric reveals deeper regulatory probe, restructuring

October 30, 2018 by  
Filed under News

General Electric Co slashed its quarterly dividend to a penny a share, promised to restructure its power unit and said it faced a deeper accounting probe as new Chief Executive Larry Culp took his first steps to revive the struggling conglomerate.


Source: Reuters Business News

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