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Reuters•8 minutes agoResults soothe nerves over scandal-hit Facebook
Before the results on Wednesday evening, the row over the improper sharing of data had knocked 13 percent, or more than $70 billion (50 billion pounds), off the market value of the world's biggest social network. The first quarter numbers showed Facebook's quarterly profit rose 63 percent, and
Reuters•8 minutes agoResults soothe nerves over scandal-hit Facebook
Before the results on Wednesday evening, the row over the improper sharing of data had knocked 13 percent, or more than $70 billion, off the market value of the world's biggest social network. The first quarter numbers showed Facebook's quarterly profit rose 63 percent, and revenue 49 percent
- Reuters•9 minutes ago
Euro rallies to day highs as Draghi shrugs aside slowdown, bond yields fall
The euro rebounded to the day's highs on Thursday after ECB President Mario Draghi presented a relatively confident outlook of the eurozone economy, contrary to some expectations that he would take a more cautious stance after recent weak data. After briefly falling to its lowest since mid-January
- Reuters•9 minutes ago
Highlights - Draghi comments at ECB press conference
FRANKFURT (Reuters) - The European Central Bank kept policy unchanged on Thursday and ECB chief Mario Draghi was expected to play down worries over recent softness in the euro zone economy, leaving the door open to ending lavish bond purchases by the close of the year.
Reuters•12 minutes agoEngland's FA in negotiations to sell Wembley Stadium to U.S. billionaire
England's Football Association is in negotiations to sell Wembley Stadium, the home of the national soccer team, to U.S. billionaire Shahid Khan, owner of the Jacksonville Jaguars American football team. A spokesman for the FA confirmed on Thursday it had received an offer to buy the stadium. British
Reuters•4 minutes agoMissile maker MBDA plans tie-ups not takeovers in U.S. push
European missile maker MBDA prefers to form cooperation agreements with U.S. companies instead of using takeovers to gain access to the large U.S. arms market, Chief Executive Antoine Bouvier told Reuters in an interview. MBDA is jointly owned by Airbus Group, Britain's BAE Systems and Italy'
Reuters•15 minutes agoEU piles pressure on social media over fake news
Tech giants such as Facebook and Google must step up efforts to tackle the spread of fake news online in the next few months or potentially face further EU regulation, as concerns mount over election interference. The European Commission said on Thursday it would draw up a Code of Practice on Disinformation
- Bloomberg Video•6 minutes ago
GM 1Q Earnings Are 'Solid' and 'on Plan' Says CFO Stevens
Apr.26 -- General Motors CFO Chuck Stevens discusses the automakers first-quarter earnings which saw revenue and profits drop. He speaks with David Westin on "Bloomberg Daybreak: Americas."
- CNBC•18 minutes ago
The race is on to make iPhone, Samsung Galaxy screen glass unbreakable
Suppliers for the Apple iPhone and Samsung Galaxy are in a race to create unbreakable glass that will solve the No. 1 cause of harm to consumer smartphones: drops resulting in cracked screens.
- CNBC•18 minutes ago
Stocks to win ‘tug-of-war’ with rising rates, but market bull cautions a 'regime shift' is here
Strategist Rich Bernstein says most investors aren't positioned correctly for rising rates.
- Motley Fool•20 minutes ago
Forget "FANG" Stocks, and Say Hello to "VISE"
Though FANG stocks still look reasonably cheap, another group of four stocks with the acronym of "VISE" looks far more promising over the next five to 10 years.
- Associated Press•21 minutes ago
Cullen/Frost: 1Q Earnings Snapshot
The bank, based in San Antonio, said it had earnings of $1.61 per share. The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for ...
- Associated Press•21 minutes ago
Avnet: Fiscal 3Q Earnings Snapshot
The Phoenix-based company said it had a loss of $2.68 per share. Earnings, adjusted for pretax expenses and asset impairment costs, came to $1.02 per share. The results beat Wall Street expectations. The ...
Reuters•22 minutes agoHilton's profit beats forecasts as room rates rise
The owner of the Hilton and Waldorf Astoria hotel chains said it now expected 2018 revenue per available room (RevPAR) - a performance metric for the hotel industry – to grow 2-4 percent versus a previous forecast of 1-3 percent growth. "(RevPAR) is up about 50 basis points more than we expected
Reuters•22 minutes agoCroatia government outlines plans to cut debt, improve investment environment
Croatia aims to reduce its public debt to 66 percent of economic output by the end of 2021, from 78 percent now, by cutting taxes and business costs, digitalising public services and merging courts, the government said on Thursday. The plans were outlined in an annual document on economic reforms that
- CCN•22 minutes ago
Crypto Exchange Binance is More Profitable than Germany’s Biggest Bank Deutsche
This year, in the first quarter of 2018, Deutsche Bank, Germany’s biggest bank and one of Europe’s leading financial institutions, recorded a profit of $146 million. Binance, the world’s biggest cryptocurrency exchange, recorded a profit of $200 million. Binance Vs. Deutsche Bank Binance surpassed Germany
Reuters•4 minutes agoNasdaq up 1 percent as tech earnings impress, yields pull back
(Reuters) - Wall Street stocks opened higher on Thursday as U.S. bond yields pulled back from the 3 percent level, and a 9 percent jump in Facebook's shares after strong results helped the Nasdaq rise more than 1 percent.
Reuters•24 minutes agoFormer chairman Wiese sues Steinhoff for $5 billion
JOHANNESBURG (Reuters) - South African businessman Christo Wiese has launched a $5 billion (3.6 billion pounds) lawsuit against crisis-hit Steinhoff , a retail company in which he was a board member and biggest shareholder until earlier this year, his company Titan Group said.
- Yahoo Finance•24 minutes ago
What to expect from Amazon earnings
Amazon is set to announce its first-quarter 2018 earnings on Thursday afternoon — a period in which the company saw its stock climb over 22%.
- Associated Press•25 minutes ago
Schneider National: 1Q Earnings Snapshot
The Green Bay, Wisconsin-based company said it had profit of 27 cents per share. The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research ...
Reuters•26 minutes agoHilton's profit beats forecasts as room rates rise
The owner of the Hilton and Waldorf Astoria hotel chains said it now expected 2018 revenue per available room (RevPAR) - a performance metric for the hotel industry – to grow 2-4 percent versus a previous forecast of 1-3 percent growth. "(RevPAR) is up about 50 basis points more than we expected
Reuters•26 minutes agoAxis Bank posts first ever loss in fourth quarter on higher provisions
(Reuters) - Axis Bank Ltd, India's third-biggest private sector lender by assets, reported a surprise fourth-quarter loss on Thursday, hit by a rise in provisions for bad loans.
- CNBC•26 minutes ago
AMD shares soar as Wall Street says chipmaker’s new products are a ‘reason to dream’
Advanced Micro Devices reported better than expected earnings results and gave strong sales guidance Wednesday.
- CNBC•27 minutes ago
Facebook soars at the open after earnings beat
It's an important benchmark and stock move for the social media giant.
- Motley Fool•27 minutes ago
These 3 Stocks Shot Up 50% in 2017 -- Are They Still Buys?
Our team of investing experts thinks these growth stocks are just getting warmed up.
