AIG profit beats on strong underwriting, investment income
Insurer American International Group Inc beat Wall Street estimates for quarterly profit on Wednesday, boosted by improved underwriting in general insurance business and higher investment...
Hedge fund Hoplite Capital plans to shut down: letter
Hedge fund Hoplite Capital is returning money to outside clients after a period of sluggish returns, the firm’s founder, John Lykouretzos, told investors in a...
Lithium producer Albemarle raises 2019 adjusted profit forecast
Albemarle Corp raised its 2019 adjusted profit forecast after posting a 10% jump in the second quarter on Wednesday, as the world’s largest lithium producer...
Fox Corp beats profit estimates on higher affiliate fees
Media company Fox Corp beat Wall Street estimates for quarterly profit on Wednesday, boosted by higher fees collected from cable and satellite operators and online...
Fox Corp reports 5% rise in quarterly revenue
Media company Fox Corp reported an about 5% rise in quarterly revenue on Wednesday, boosted by higher fees collected from cable and satellite operators and...
Samsung’s new Note takes on Huawei in selfie beauty pageant
Samsung unveiled a new version of the Galaxy Note smartphone on Wednesday with fast 5G network connection and improved camera features, hoping the premium model...
S&P 500 ends slightly higher after rebounding with bond yields
The S&P 500 recovered from steep early losses to end slightly higher on Wednesday as investors snapped up oversold shares and bond yields rebounded from...
Lyft adds more riders, quarterly revenue beats estimates
Ride-hailing company Lyft Inc on Wednesday beat Wall Street estimates for second-quarter revenue and said loss for 2019 would be less than its prior forecast...
U.S. money market assets rise to highest since 2009 – iMoneyNet
U.S. money market fund assets jumped to their highest level since 2009 as investors unnerved by the rapid deterioration in trade talks between China and...
Rush into U.S. bonds curbs global stock markets; gold touches six-year high
Investors rushed into the safety of U.S. government bonds on Wednesday, muting a broad stocks rally as fears of a global recession grew....