Visa quarterly revenue misses, expenses rise
Visa Inc missed analysts’ estimates for revenue and posted a 14% rise in operating expenses for the first quarter on Thursday, sending its shares down...
Stocks, oil tumble on fears virus to hurt China’s economy
Global equity markets tumbled on Thursday as the death toll from China’s coronavirus outbreak hit 170, pummeling oil prices and inverting a closely watched bond...
Skywest orders 20 old-generation Embraer jets as order for newer jets remains paused
Brazilian planemaker Embraer SA said on Thursday that U.S. regional carrier SkyBest Inc had signed a firm order for 20 E175 planes from the E1...
Amazon holiday sales jump as one-day shipping quadruples, stock up 13%
Amazon.com Inc on Thursday said its sales jumped during the holiday season and profit far exceeded expectations, as the world’s biggest online retailer shortened delivery...
Visa quarterly profit rises 10% on strong holiday season spending
Visa Inc reported a nearly 10% rise in quarterly profit on Thursday, as higher consumer spending during the holiday season boosted fees for the world’s...
Wall Street reverses course to end higher after WHO comments
U.S. stocks rebounded late to close higher on Thursday after the World Health Organization (WHO) declared the China coronavirus a global emergency, while earnings painted...
Levi’s shuts half its China stores on coronavirus outbreak, expects financial hit
Levi Strauss & Co has shut about half of its stores in China due to the outbreak of a new coronavirus and will take a...
U.S. farm bankruptcies hit an eight-year high: court data
U.S. farm bankruptcy rates jumped 20% in 2019 – to an eight-year high – as financial woes in the U.S. agricultural economy continued in spite...
Amazon beats holiday-quarter sales estimates, shares up 10%
Amazon.com Inc on Thursday beat analysts’ estimates for fourth-quarter revenue, as its efforts to speed up delivery helped attract more shoppers during the holiday season,...
Pompeo urges EU to exclude ‘high-risk suppliers’ from 5G networks
U.S. Secretary of State Mike Pompeo on Thursday urged the European Union to exclude “high-risk” suppliers from all parts of 5G networks....