China April manufacturing growth slows faster than expected Growth in China's manufacturing sector slowed faster than expected in April, an official survey showed on Sunday, as producer price inflation cooled and policymakers' efforts to reduce financial risks in the economy weighed on demand. The National Bureau of Statistics' official Purchasing […]
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Off target in 2016, global elite regroup at Milken conference Titans of U.S. industry and Wall Street gather in Beverly Hills this week to discuss how to navigate – and profit from – hot topics such as U.S. tax reform, the upcoming French election and Chinese economic growth. U.S. President […]
Tesla says it will stop selling solar door-to-door Tesla Inc (TSLA.O) on Friday said that its subsidiary SolarCity will curtail door-to-door sales of rooftop solar installations over the next month as Tesla seeks to absorb the company into its high-end brand. The move comes at a time when growth in […]
Wall Street slips on weak GDP data, but indexes rise in April Stocks edged lower on Wall Street on Friday after data showing the U.S. economy grew at its weakest pace in three years in the first quarter gave traders a reason to cash recent gains. Major indexes closed up […]
In first 100 days, a reversal of fortune for Trump favorites on Wall Street A funny thing happened on Wall Street in Donald Trump's first 100 days in the White House: Shares of companies that got closest to the president lagged the market's march higher. Meanwhile, stocks from sectors that […]
U.S. first quarter growth weakest in three years as consumer spending falters The U.S. economy grew at its weakest pace in three years in the first quarter as consumer spending almost stalled, but a surge in business investment and wage growth suggested activity would regain momentum as the year progresses. […]
Tesla must complete brake fix to regain top safety rating: Consumer Reports Tesla Inc needs to complete fixing its Model S sedan emergency braking system to regain Consumer Reports' top safety rating, the magazine said on Friday, noting that a recent update by the luxury electric car maker was not […]
Amazon moves beyond retail get Wall Street thumbs up, for now Amazon.com Inc's ventures far beyond online retail, from cloud computing to movie making, are raising questions among corporate strategy experts about its focus. The Seattle-based company wowed Wall Street again this week with a 23 percent jump in sales, […]
Futures little changed ahead of first-qtr GDP data U.S. stock index futures were little changed on Friday as investors awaited the first-quarter report on gross domestic product, while assessing quarterly earnings. * The Nasdaq Composite is on track to post gains for the sixth straight month, after closing at a […]
Qualcomm says Apple to stop paying royalties, cuts profit forecast Qualcomm Inc said on Friday Apple Inc will not pay royalties to its contract manufacturers, that are owed to the chipmaker, for sales made in the first quarter of 2017. Qualcomm, the largest maker of chips used in smartphones, also […]
