Walmart could buy controlling stake in Flipkart as early as next week: sources Walmart Inc (WMT.N) could seal a deal to buy a more than 51 percent stake in Indian online marketplace Flipkart as early as next week, two sources familiar with the matter said on Friday. The U.S. retail […]
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U.S. banks push mortgage apps as home lending slows Big U.S. banks are racing to launch websites and mobile apps to make getting a mortgage faster and easier, investments that may have modest near-term payoffs as home lending activity slows. Lenders have been spending on digital tools to cut costs, […]
Tech tumbles ahead of crucial week for quarterly results U.S. technology stocks tumbled on Friday ahead of a crucial week of quarterly reports from Alphabet, Facebook and other heavyweights as investors worried that the high-performance sector may be running out of fuel. Google-parent Alphabet and Microsoft both lost more than […]
P&G earnings beat as struggling retailers, costs eat into margins The world’s largest consumer goods maker Procter & Gamble Co (PG.N) narrowly beat quarterly earnings expectations on Thursday, saying shrinking retailer inventories and higher commodities and transportation costs squeezed margins. Shares in P&G were down 2.4 percent in premarket trading, […]
Wall Street falls on investor nerves about interest rates, tech Wall Street’s three major indexes declined on Friday as investors worried about a jump in U.S. bond yields, with technology stocks leading the decline on nerves about upcoming earnings reports and iPhone demand. The technology index .SPLRCT was the biggest […]
U.S. yield hits four year high; stocks fall on tech sector A U.S. bond sell-off continued for a second day on Friday, pushing the 10-year Treasury yield to its highest level in more than four years and steepening the yield curve after two weeks of flattening. World stock markets dipped […]
Futures inch higher after strong GE, Honeywell results U.S. stock index futures nudged higher on Friday following strong earnings from industrial heavyweights General Electric and Honeywell. GE (GE.N) shares rose more than 5 percent in premarket trading after its quarterly profit from continuing operations more than tripled, helped by strength […]
JPMorgan, National Bank of Canada, others test debt issuance on blockchain JPMorgan Chase & Co (JPM.N) has tested a new blockchain platform for issuing financial instruments with the National Bank of Canada and other large firms, they said on Friday, seeking to streamline origination, settlement, interest rate payments and other […]
China’s ZTE slams U.S. ban, says company’s survival at risk China’s ZTE Corp (0763.HK) (000063.SZ) said on Friday that a U.S. ban on the sale of parts and software to the company was unfair and threatens its survival, and vowed to safeguard its interests through all legal means. The United […]
Oil set for weekly gain on supply cuts, strong demand Oil prices were set for a second consecutive week of gains on Friday, buoyed by tightening supplies and continued support from OPEC and its allies on supply cuts. Brent crude oil futures LCOc1 were at $74 per barrel at 0958 […]
