European share declines limited after another Wall Street sell-off European shares posted limited losses on Friday morning after a fresh sell-off on Wall Street, which has now entered a correction with the benchmark S&P 500 and Dow industrials falling more than 10 percent from their Jan. 26 record highs. Europe’s […]
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Senate Democrats: Tax cuts benefit shareholders over workers U.S. Senate Democrats on Wednesday said corporations are funneling savings from December’s sweeping Republican tax overhaul into nearly $100 billion in share buyback programs that promise little benefit to American workers. In a report unveiled weeks after President Donald Trump enacted the […]
U.S. Senate leaders reach $300 billion federal spending deal The U.S. Senate, in a rare display of bipartisanship, on Wednesday reached a two-year budget deal to raise federal spending by almost $300 billion, in an attempt to end the kind of squabbling over fiscal issues that has plagued Washington for […]
Snapchat overhaul convinces investors it can fight Instagram Snapchat owner Snap Inc on Tuesday reported surging growth in users and revenue in its latest quarter, reviving hopes that it can survive competition with Facebook Inc’s Instagram and sending its shares up more than 20 percent. Investor enthusiasm for the instant […]
U.S. regulators may ask Congress for virtual currency legislation U.S. regulators may ask Congress to pass legislation to improve oversight of virtual currencies like bitcoin amid concerns about the risks posed by the emerging asset class, the head of the Securities and Exchange Commission said on Tuesday. The comments by […]
Strategists still see year-end gains in U.S. stocks despite selloff The 4.5 percent drop in the benchmark S&P 500 over the last five days has not dented strategists’ expectations for mild to moderate gains in the U.S. stock market by the end of the year, with corporate earnings and interest […]
Treasury’s Mnuchin says he wants answers on Equifax breach U.S. Treasury Secretary Steven Mnuchin on Tuesday said he wants to know how the Consumer Financial Protection Bureau is handling a probe into a hack of credit bureau Equifax Inc (EFX.N) after a report that the agency’s chief has pulled back […]
Amazon stock market value on verge of eclipsing Microsoft Amazon.com Inc’s shares surged on Friday, pushing its stock market value above $700 billion and threatening to eclipse Microsoft Corp, a day after the online retailing behemoth reported blockbuster results. Amazon’s stock was up 3.7 percent at $1,441 per share in […]
Amazon posts largest profit in its history on sales, tax boost (Reuters) – Amazon.com Inc on Thursday reported a profit near $2 billion, the largest in its history, as the online retailer drew millions of new customers to its Prime fast-shipping club for the holiday season and as changes to […]
