• Results soothe nerves over scandal-hit Facebook
    Reuters8 minutes ago

    Results 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

  • Results soothe nerves over scandal-hit Facebook
    Reuters8 minutes ago

    Results 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

  • Reuters9 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

  • Reuters9 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.

  • England's FA in negotiations to sell Wembley Stadium to U.S. billionaire
    Reuters12 minutes ago

    England'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

  • Missile maker MBDA plans tie-ups not takeovers in U.S. push
    Reuters4 minutes ago

    Missile 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'

  • EU piles pressure on social media over fake news
    Reuters15 minutes ago

    EU 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

  • GM 1Q Earnings Are 'Solid' and 'on Plan' Says CFO Stevens
    Bloomberg Video6 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."

  • CNBC18 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.

  • CNBC18 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.

  • Forget "FANG" Stocks, and Say Hello to "VISE"
    Motley Fool20 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 Press21 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 Press21 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 ...

  • Hilton's profit beats forecasts as room rates rise
    Reuters22 minutes ago

    Hilton'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

  • Croatia government outlines plans to cut debt, improve investment environment
    Reuters22 minutes ago

    Croatia 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

  • Crypto Exchange Binance is More Profitable than Germany’s Biggest Bank Deutsche
    CCN22 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

  • Nasdaq up 1 percent as tech earnings impress, yields pull back
    Reuters4 minutes ago

    Nasdaq 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.

  • Former chairman Wiese sues Steinhoff for $5 billion
    Reuters24 minutes ago

    Former 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.

  • What to expect from Amazon earnings
    Yahoo Finance24 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 Press25 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 ...

  • Hilton's profit beats forecasts as room rates rise
    Reuters26 minutes ago

    Hilton'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

  • Axis Bank posts first ever loss in fourth quarter on higher provisions
    Reuters26 minutes ago

    Axis 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.

  • AMD shares soar as Wall Street says chipmaker’s new products are a ‘reason to dream’
    CNBC26 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.

  • Facebook soars at the open after earnings beat
    CNBC27 minutes ago

    Facebook soars at the open after earnings beat

    It's an important benchmark and stock move for the social media giant.

  • These 3 Stocks Shot Up 50% in 2017 -- Are They Still Buys?
    Motley Fool27 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.