Britain’s Johnson faces cabinet revolt over no-deal Brexit

Britain’s Johnson faces cabinet revolt over no-deal Brexit

Heritage Foundation’s Luke Coffey on new British Prime Minister Boris Johnson’s impact on Brexit. British Prime Minister Boris Johnson is facing a fresh rebellion in his cabinet, with a group of ministers poised to resign due to concerns that he is leading the country towards a no-deal Brexit, The Times newspaper reported on Wednesday. Continue Reading Below Culture Secretary Nicky Morgan, British Minister for Northern Ireland Julian Smith, Justice Secretary Robert Buckland, Health Minister Matt…

Read More

JPMorgan close to winning lead advisory role for Saudi Aramco IPO

JPMorgan close to winning lead advisory role for Saudi Aramco IPO

Aramco IPO in doubt? PRICE Futures Group oil analyst Phil Flynn on the impact of U.S. trade tensions with China on oil prices and the future of the Aramco IPO. JPMorgan Chase & Co is close to winning the lead advisory role for Saudi Aramco’s initial public offering, a source familiar with the situation said on Sunday. Continue Reading Below Reuters reported last month that Aramco formally asked major banks to submit proposals for potential roles…

Read More

Protesters clash in Hong Kong as cycle of violence intensifies

Protesters clash in Hong Kong as cycle of violence intensifies

Protests over the past two months spearheaded by anti-government activists against a proposed bill that would allow people to be extradited from the city to stand trial in courts in mainland China have grown increasingly violent. Continue Reading Below A march on Saturday against an assault the previous weekend by suspected triad gang members ended in violent turmoil as riot police waded in to disperse crowds. On Sunday, a peaceful gathering in a park in…

Read More

U.S. home sales tumble as prices surge to record high

U.S. home sales tumble as prices surge to record high

U.S home sales fell more than expected in June as a persistent shortage of properties pushed prices to a record high, indicating the housing market was struggling to regain speed since hitting a soft patch last year. Continue Reading Below Housing and manufacturing are the main areas of weakness in the economy. They are offsetting strong consumer spending, resulting in a slowdown in economic activity that, together with trade tensions and tepid global growth, could…

Read More

UnitedHealth reports 12.7% rise in quarterly profit

UnitedHealth reports 12.7% rise in quarterly profit

UnitedHealth Group Inc reported a 12.7 percent rise in second-quarter profit on Thursday, as the company added more members to its health plans and revenue climbed in its Optum unit, which includes its pharmacy benefit management business. Continue Reading Below Net earnings attributable to shareholders rose to $3.29 billion, or $3.42 per share, in the quarter ended June 30, from $2.92 billion or $2.98 per share, a year earlier. Total revenue rose to $60.60 billion…

Read More

Johnson & Johnson beats profit estimates on pharma strength, raises sales outlook

Johnson & Johnson beats profit estimates on pharma strength, raises sales outlook

DOJ reportedly pursing probe into Johnson & Johnson Fox News medical correspondent Dr. Marc Siegel on reports the Department of Justice is pursuing a criminal investigation into Johnson & Johnson over allegations the company lied about the cancer risks of talc and the Trump administration dropping plans to curb drug rebates. Johnson & Johnson raised its full-year sales forecast as demand for its cancer drugs Darzalex and Imbruvica helped it exceed estimates for second-quarter profit on Tuesday. Continue…

Read More

PepsiCo results powered by demand for sodas, chips

PepsiCo results powered by demand for sodas, chips

PepsiCo beat analysts’ estimates for quarterly revenue and profit on Tuesday, as the company benefited from demand for its sodas and Lays chips, as well as its sparkling waters. Continue Reading Below Revenue in its snacking division, Frito-Lay North America, rose 4.5 percent, while it increased 2.5 percent in its beverage unit. MORE FROM FOXBUSINESS.COM PepsiCo launched berry, lime and mango flavored sodas in 12-ounce cans earlier this year and introduced Bubly sparkling water in…

Read More

Gold gains as Fed rate cut bets hold, growth concerns linger

Gold gains as Fed rate cut bets hold, growth concerns linger

Gold snaps 4-day win streak ahead of Fed meeting RBC Wealth Management managing director George Gero, The Price Futures Group’s Phil Flynn and T3 Trading Group’s Scott Redler on the recent decline in Gold and the Fed’s upcoming meeting. Gold firmed above $1,400 an ounce on Monday, helped by expectations the U.S. Federal Reserve would stay on course with an interest rate cut this month despite robust U.S. jobs data and as global growth concerns…

Read More

Halfway through 2019, tech leads Wall Street

Halfway through 2019, tech leads Wall Street

Amazon a top stock pick for investors? Jag Capital Management CEO Norm Conley and MarketWatch Technology Editor Jeremy Owens on the impact of the U.S.-China trade war on the tech sector, the tech stocks to watch and the Senate bill that would force tech companies to disclose the value of consumers’ data. Technology stocks are Wall Street’s top performers as 2019 hits half-way, with investors betting on lower interest rates, although Apple and chipmakers face…

Read More

General Mills misses sales estimates as snacks demand fall

General Mills misses sales estimates as snacks demand fall

General Mills Inc on Wednesday reported quarterly sales below Wall Street estimates, hurt by declines in its U.S. snacks business. Continue Reading Below The company has been struggling to drive sales of its sugary snacks and yogurt as consumers shift to healthier breakfast and snacking options. Organic net sales, excluding revenue from acquisitions, fell 2 percent in the fourth quarter in its North America retail segment, its biggest by sales. Net earnings attributable to the company rose…

Read More
1 2 3 89