Facebook’s CEO Mark Zuckerberg speaks during the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan | Getty Images Facebook CEO Mark Zuckerberg on Friday said the social media company is going to stand for principles it believes in whether or not people like it. “This is the new approach, […]
Tag: business news
Worst drop since October, coronavirus fears grow, airlines fall
This is a live blog. Check back for updates. 3:10 pm:Â Coronavirus names fall ahead of the close Stocks with a large amount of exposure to the coronavirus epidemic accelerated losses on Friday, dragging down the major averages. American Airlines, Delta and United all suspended flights to and from China, sending their stocks down 3.5%, 2.4% […]
One Medical IPO prices at $14 per share
One Medical parent 1Life Healthcare priced its initial public offering at $14 per share late Thursday, at the bottom of the expected range of $14-$16 per share. The health care services firm, which is not yet profitable, raised $245 million through JP Morgan and Morgan Stanley. The company had been valued at more than $1.5 […]
Caterpillar earnings come in at $2.63, vs $2.37 EPS expected
Shares of Caterpillar fell on Friday after reporting a revenue miss in the fourth quarter, citing “global economic uncertainty.” Industrial giant’s quarterly earnings came in at $2.63 per share adjusted, compared to an estimate of $2.37 per Refinitiv. However, its revenue fell 8% year-over year to $13.144 billion, below the estimate of $13.412 billion. CEO […]
Brexit is happening: What happens next
The U.K. will leave the EU on Friday evening after 47 years of membership, marking one of the biggest political and economic shifts in modern Europe. Brexit brings about the end of a tumultuous three-and-a-half year departure process that has caused turmoil in the U.K.’s political establishment, economic uncertainty and heightened tensions between the U.K. […]
Nintendo shares drop after third quarter earnings announcement
A figurine of the Nintendo Co. video-game series The Legend of Zelda character Link is displayed inside the Nintendo TOKYO store during a media tour in Tokyo, Japan, on Tuesday, Nov. 19, 2019. Kiyoshi Ota | Bloomberg via Getty Images Shares of Nintendo plummeted on Friday afternoon a day after the company reported operating profit […]
Weekly jobless claims fall
Job seekers wait in line to speak with representatives during a Choice Career Fair in Los Angeles. Patrick T. Fallon | Bloomberg | Getty Images The number of Americans filing for unemployment benefits fell last week, pointing to continued labor market strength, though applications for the prior week were much higher than initially estimated. Initial […]
Coronavirus could bring jobs, manufacturing back to the US
Wilbur Ross Mike Blake | Reuters The fast-spreading coronavirus has infected thousands of people in China and raised fears about a global pandemic — and that could have a positive impact on the U.S. economy, Secretary of Commerce Wilbur Ross said Thursday. Ross said in a Fox Business Network interview that the disease, which Chinese […]
Dow positive, coronavirus ‘buy’ signal?, record copper losing streak
The Facebook logo is displayed during the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan | Getty Images This is a live blog. Check back for updates. 3:05 pm: Dow turns positive as WHO calms coronavirus fears The Dow erased a 200-point drop and turned positive after the World Health […]
US GDP Q4 2019 first reading rose only 2.1%
A worker attaches a wiring harness to the chassis of an X model SUV at the BMW manufacturing facility in Greer, South Carolina, November 4, 2019. Charles Mostoller | Reuters WASHINGTON — The U.S. economy grew 2.1% in the fourth quarter, closing out a year in which gross domestic product decelerated to its slowest pace […]
