8:00 - 19:00

Working hours MON. - FRI.

 

News

Planemaker Airbus maintains forecasts as core profit rises By Reuters

PARIS (Reuters) -Airbus posted higher first-quarter core earnings on Thursday but kept forecasts unchanged as its chief executive warned of uncertainty while the COVID-19 pandemic lingers. The world's largest commercial jetmaker said adjusted operating profit rose 147% to 694 million euros ($841.6 million), led by its commercial jet and helicopter activities, as revenue slipped 2% to 10.46 billion euros. The figures were slightly ahead of a company-compiled consensus of analyst predictions and reflect higher aircraft deliveries, as well as an ongoing restructuring project triggered by the heavy impact of the pandemic on air travel. "The first...

Continue reading

Biden’s EU trade dilemma: more pain for Harley, distillers or back off metals tariffs? By Reuters

By David Lawder and Rajesh Kumar Singh WASHINGTON/CHICAGO (Reuters) - The Biden administration faces a major dilemma in its dispute with the European Union over Trump-era steel and aluminum tariffs: back down to avoid acute pain for Harley-Davidson Inc (NYSE:HOG) and whiskey distillers or stick with the duties even though they are now exacerbating acute shortages for U.S. manufacturers. The EU has threatened to double the tariffs on Harley-Davidson motorcycles, American-made whiskey and power boats to 50% on June 1, cutting off any residual hope of exports to the continent. President Joe Biden has...

Continue reading

Exclusive: Huawei deepens dive into EVs, seeks control of small automaker – sources By Reuters

By Julie Zhu HONG KONG (Reuters) - China's Huawei Technologies is in talks to take control of a small domestic automaker's electric vehicle unit, two people with direct knowledge of the matter said, in what is seen as a strategic shift for the world's largest telecom equipment maker. Huawei, which has been battered by U.S. sanctions, is in talks with Chongqing Sokon to acquire a controlling stake in the latter's Chongqing Jinkang New Energy Automobile, said the sources. The move will allow Huawei to make intelligent cars bearing its own nameplate, they added. Jinkang counts...

Continue reading

Exclusive: China readies Tencent penalty in antitrust crackdown- sources By Reuters

By Pei Li and Julie Zhu (Reuters) - China is preparing a substantial fine for Tencent Holdings (HK:0700) as part of its sweeping antitrust clampdown on the country's internet giants, but it is likely to be less than the record $2.75 billion penalty imposed on Alibaba (NYSE:BABA) earlier this month, two people with direct knowledge of the matter said. Tencent should expect a penalty of at least 10 billion yuan ($1.54 billion), significant enough for the State Administration of Market Regulation (SAMR) to make an example of it, both people said. Tencent faces penalties...

Continue reading

Asia shares rise on supportive Fed as Biden unveils new stimulus By Reuters

By Kane Wu HONG KONG (Reuters) - Asian shares rose in early trade on Thursday after the U.S. Federal Reserve said it was too early to consider rolling back emergency support for the economy, and as U.S. President Joe Biden unveiled plans for a $1.8 trillion stimulus package. Fed Chair Jerome Powell said on Wednesday that "it is not time yet" to begin discussing any change in policy after the U.S. central bank left interest rates and its bond-buying programme unchanged, despite taking a more optimistic view of the country's economic recovery. Powell's comments came before...

Continue reading

FANG Profits, Amazon Next, Economic Output: 3 Things to Watch By Investing.com

By Liz Moyer Investing.com -- Investors paused at the Federal Reserve’s latest policy statement on Wednesday looking for any sign from Chairman Jerome Powell that the central bank will budge from its current stance.  There were no surprises in the announcement. The S&P 500continued to flirt with a new high after hitting several successive record highs in recent trading sessions. Though the economy is reopening after Covid lockdowns, unemployment is still elevated. The Fed has said it will let inflation run above 2% and wait for the unemployment picture to improve before it moves on rates,...

Continue reading

Align Earnings, Revenue beat in Q1 By Investing.com

Align (NASDAQ:ALGN) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. Align announced earnings per share of $2.49 on revenue of $894.8M. Analysts polled by Investing.com anticipated EPS of $2.02 on revenue of $816.95M. Align shares are up 14.71% from the beginning of the year and are trading at $613.00 , down-from-52-week-high.They are outperforming the S&P 500 which is up 11.41% from the start of the year. Align follows other major Healthcare sector earnings this month Align's report follows an earnings beat by J&J on April...

Continue reading

Qualcomm Earnings, Revenue beat in Q2 By Investing.com

Qualcomm (NASDAQ:QCOM) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations. Qualcomm announced earnings per share of $1.9 on revenue of $7.93B. Analysts polled by Investing.com anticipated EPS of $1.67 on revenue of $7.6B. Qualcomm shares are down 10% from the beginning of the year and are trading at $145.30 , down-from-52-week-high.They are under-performing the S&P 500 which is up 11.41% from the start of the year. Qualcomm shares gained 6.39% in after-hours trade the report. Qualcomm follows other major Technology sector earnings this month Qualcomm's report...

Continue reading

Powell Waves Inflation Worries Away as Fed Holds Rates Near Zero By Bloomberg

(Bloomberg) -- Jerome Powell had a ready answer to counter criticism that the Federal Reserve is running risks with inflation, as he signaled it will maintain aggressive support as the U.S. recovery gathers speed. “The economy is beginning to move ahead with real momentum,” the Fed chair told reporters Wednesday after the central bank held interest rates near zero and kept bond purchases at $120 billion a month. That’s likely to push up prices amid surging demand, but “an episode of one-time price increases as the economy re-opens is not the same thing as, and is...

Continue reading

S&P 500 Slips Into Close as Fed Stays the Course on Monetary Policy  By Investing.com

By Yasin Ebrahim Investing.com – The S&P 500 slipped into the red Wednesday after hitting record intraday highs as the Federal Reserve left rates steady and signaled ongoing support for the recovery.  The S&P 500 closed 0.05% lower after hitting a intraday record of 4,201.85. The Dow Jones Industrial Average fell 0.48%, or 164 points, and the Nasdaq Composite was down 0.3%. The Fed left its benchmark rate unchanged, and said that while the pace of recovery has improved, there was still a long way to go until the economy achieves its inflation and labor market...

Continue reading
en_GBEnglish