DETROIT (Reuters) – Ford Motor Co on Wednesday offered a fourth-quarter earnings forecast that was below Wall Street’s expectations. Continue Reading Below The No. 2 U.S. automaker said it could see improvement in 2019 earnings and revenue as global industry sales remain flat, but it did not provide any figures. […]
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Airbnb says profitable for 2 straight years amid IPO talks
(Reuters) – Home-renting company Airbnb Inc said on Tuesday it was profitable on an adjusted basis for the second year in a row, ahead of a widely anticipated initial public offering this year. Continue Reading Below Airbnb’s expected listing in 2019 would be among a string of public debuts by […]
US producer prices fell more than expected in December
article (AP Photo/Eric Gay, File) (AP) U.S. producer prices fell more than expected in December, weighed by down by a plunge in the cost of energy products, pointing to moderate inflation pressures at the factory gate. Continue Reading Below The Labor Department said on Tuesday its producer price index for […]
UnitedHealth profit beats on strength in Optum, insurance units
article UnitedHealth Group Inc beat Wall Street estimates for fourth-quarter profit on Tuesday, helped by growth in services business as well as its mainstay health insurance plans. Continue Reading Below The largest U.S. health insurer kicked off earnings season for the sector, reporting $46.23 billion in sales in its insurance business, […]
US healthcare stocks seen maintaining momentum after strong 2018
NEW YORK, Jan 14 (Reuters) – One of the rare market bright spots last year, the U.S. healthcare sector remains a Wall Street darling despite a slow start to 2019. Continue Reading Below As 2019 begins, healthcare is the most favored of the 11 main S&P 500 sectors, according to […]
Oil slips on concerns about China showdown
Oil prices edged lower on Monday, pressured by data showing weakening imports and exports in China that raised new worries about a global economic slowdown hurting crude demand. Continue Reading Below Brent crude futures dipped 22 cents to $60.26 a barrel by 10:55 a.m. EST (1555 GMT), trading as low […]
Newmont to buy Goldcorp in $10 billion deal
Newmont Mining Corp said on Monday that it would buy smaller rival Goldcorp Inc in a deal valued at $10 billion, creating the world’s biggest gold producer by output. Continue Reading Below The deal is the second high-profile merger in the mining industry since Barrick Gold Corp agreed to buy Randgold Resources Ltd in September […]
China’s exports shrink most in 2 years, raising risks in global economy
China’s exports unexpectedly fell the most in two years in December, while imports also contracted, pointing to further weakness in the world’s second-largest economy in 2019 and deteriorating global demand. Continue Reading Below Adding to policymakers’ worries, data on Monday also showed China posted its biggest trade surplus with the United States […]
Oil set for weekly gain on trade talk optimism
Oil prices were on track for solid weekly gains on Friday after financial markets were lifted by hopes the United States and China may soon resolve their trade disputes, and as OPEC-led crude output cuts tightened supply. Continue Reading Below Despite this, markets were held in check by expectations of […]
Oil falls 1 pct on swelling US supply, concerns on trade talks
Did oil prices hit bottom? PRICE Futures Group senior analyst Phil Flynn on the outlook for oil prices and the impact on the U.S. soybean market from the tariff tensions with China. Oil prices fell by about 1 percent on Thursday on swelling U.S. supply and amid a cautious reaction […]