stock articles

Huawei-Related Stocks Gain on License Extension From Trump Administration

Stocks of companies doing significant business with Huawei rose Monday after the Trump administration extended a key license for the the Chinese telecom giant. The Commerce Department said Huawei could continue to buy U.S. parts for another three months, providing something of an olive branch in the ongoing trade war between the U.S. and China.

US Treasury Labels China a Currency Manipulator; Dow Futures Resume Plunge

The U.S. Treasury Department declared China to be manipulating its currency to gain unfair advantage in international trade late Monday, a move that will trigger formal action from Washington that could accelerate tensions between the world’s two biggest economies. Treasury Secretary Steve Mnuchin will “engage with the International Monetary Fund” to eliminate what the department said was

Capital One

Capital One Reports Data Breach Hitting 100 Million Customers

Capital One Financial Corp. (COF) said late Monday that a hacker got access to the personal information of more than 100 million of its credit card customers and applicants. Also on Monday, the alleged hacker, identified as Paige A. Thompson, was arrested by federal agents in Seattle, according to a published report. The breach would

Nissan

Nissan Falls After Backing Report it Will See Operating Profit Plunge

Japanese automaker Nissan Motor  (NSANY)  ADRs fell more than 2.8%, to $13.92 Wednesday, as the company appeared to back a published report saying it will post a 90% drop in its latest quarterly operating profit. The company’s official financial numbers are expected Thursday. The Nikkei Shimbun reported Wednesday that the company is planning thousands of fresh layoffs

Facebook Beats Estimates and Guides Cautiously: 6 Key Takeaways

As Facebook’s (FB) tangles with regulators and politicians keep grabbing the spotlight, the company’s massive ad business is for now still growing at a very strong clip. On Wednesday afternoon, Mark Zuckerberg’s firm reported Q2 revenue of $16.89 billion, topping a consensus analyst estimate of $16.49 billion. Revenue rose 28% annually in dollars and 32% in

Asian markets rise after Wall Street gains, encouraging trade-talk news

Asian markets gained slightly in muted early trading Tuesday, after stocks closed higher on Wall Street to kick off a busy earnings week. Investors were also encouraged by trade developments, after the South China Morning Post reported U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin would travel to Beijing next week for

Streetcar Maker Aided By Buy-America Laws EU Firms Want Relaxed

Union Pacific Rallies 6.2% After Earnings Beat, But Freight Volumes Slide

Union Pacific (UNP)  posted stronger-than-expected second quarter earnings Thursday, even as freight revenue declined, easing investor concern over a trade-related slump in the U.S. transport sector. Union Pacific said earnings for the three months ending in June came in at $2.22 per share, up 12.1% from the same period last year and well ahead of

Disney

Disney Has What It Takes to Compete With Netflix

The streaming media and live TV worlds are colliding. That’s a key takeaway from State of OTT, a June 2019 ComScore presentation. The media analytics company set up measuring devices across 8,000 U.S. households to divine industry trends. What analysts found was shocking. It’s a wake-up call for investors. Netflix (NFLX) defined the rise of over-the-top

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