Downbeat U.S. earnings cap investor enthusiasm; euro drops on soft data
U.S. stocks were mixed on Wednesday as a series of disappointing second-quarter results curbed investor optimism over a new round of U.S.-China trade talks next...
EBay to launch warehousing and shipping services next year
EBay Inc said on Wednesday it would launch a warehousing and shipping service for merchants selling through its site starting next year, a new strategy...
Caterpillar earnings miss estimates on weak China sales, higher costs
Caterpillar Inc’s earnings on Wednesday missed Wall Street’s estimates, hurt by a combination of weak sales in China and higher production and restructuring costs, sending...
Investors wade into U.S. stock funds as S&P 500 touches records
Investors edged into the U.S. stock market last week, as the benchmark S&P 500 index hovered near record highs, by adding $1.1 billion into mutual...
UPS profit beats expectations as demand for next day service surges
United Parcel Service Inc said on Wednesday a jump in demand for its Next Day Air service drove better-than-expected profit in the second quarter as...
GM Cruise to delay commercial launch of self-driving cars to beyond 2019
General Motors Co’s self-driving unit, Cruise, said on Wednesday it was delaying the commercial deployment of cars past its target of 2019 as more testing...
Wall Street slips after dismal Caterpillar, Boeing results
U.S. stocks fell on Wednesday after bleak earnings from industrial bellwethers Caterpillar and Boeing exacerbated concerns of a slowing global economy that have roiled financial...
MAX jetliner grounding crisis pushes Boeing to biggest-ever loss
Boeing Co posted its largest-ever quarterly loss on Wednesday, diving nearly $3 billion into the red as it wrestles with a longer-than-expected grounding of its...
GSK raises 2019 earnings expectations after standout quarter for Shingrix
GlaxoSmithKline beat second quarter profit expectations with the help of strong demand for its shingles vaccine, prompting the British drugmaker to forecast a smaller fall...
UPS profit rises as e-commerce shipping speeds up
United Parcel Service Inc on Wednesday said demand for its Next Day Air and Ground services drove better-than-expected quarterly profit as large retailers rushed packages...