Earnings Previews: Intel, Roku, US Steel

Between the time markets closed on Tuesday and before they opened again on Wednesday, more than 600 U.S.-listed firms reported quarterly results. Here is a roundup of the stocks that reported quarterly results Wednesday morning. Boeing missed analysts’ consensus estimates on both the top and bottom lines. The shares traded down about 9% shortly after Wednesday’s opening bell. General Dynamics […]

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Earnings Previews: AbbVie, AstraZeneca, Bristol-Meyers Squibb

Between the time markets closed on Tuesday and before they opened again on Wednesday, more than 600 U.S.-listed firms reported quarterly results. We have included quick takes on some of these stocks in earlier reports. After markets close Wednesday, seven firms we have covered in our previews will report results: Ford, Meta Platforms, PayPal and Qualcomm, as well as Altria, […]

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Congo starts Ebola vaccinations to stem outbreak in northwest, WHO says

DAKAR (Reuters) -The Democratic Republic of Congo has kicked off Ebola vaccinations to stem an outbreak in the northwest city of Mbandaka, the World Health Organization (WHO) said on Wednesday.FILE PHOTO: A health worker fills a syringe with Ebola vaccine before injecting it to a patient, in Goma, Democratic Republic of Congo, August 5, 2019. REUTERS/Baz RatnerTwo people are known […]

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Bitcoin price around $38,000 after 5% decline

China lockdown affecting cryptocurrency markets Forkast Editor in Chief and Founder Angie Lau on how the China lockdowns have impacted cryptocurrency markets and the supply chain. Bitcoin was attempting a comeback Wednesday morning after dropping around 5% on Tuesday. The cryptocurrency was down for four of the past six days. GET FOX BUSINESS ON THE GO BY CLICKING HERE Month-to-date, […]

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Woman graduate student behind suicide attack at Pakistani university

KARACHI (Reuters) – A woman suicide bomber who killed three Chinese teachers in Pakistan was a teacher who had enrolled for a master’s degree months before her attack, carried out on behalf of separatist insurgents, a Pakistani official said on Wednesday.Slideshow ( 3 images )The blast detonated by the 30-year-old woman on Tuesday blew up a minivan outside Karachi University’s […]

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Tectonic shifts: Macquarie CEO warns coal industry will ‘run off’

Macquarie Group chief executive Wikramanayake has declared the profitability of coal will not last and affected communities must be reskilled but warned the transition to renewable energy cannot happen overnight. The comments come as the Coalition government faces internal division over its climate policy after Nationals Senator Matt Canavan declared the net zero emissions target was “dead” which prompted rebukes […]

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Myanmar's Suu Kyi handed 5 year jail term for corruption

FILE PHOTO: Myanmar’s State Counsellor Aung San Suu Kyi attends Invest Myanmar in Naypyitaw, Myanmar, January 28, 2019. REUTERS/Ann Wang(Reuters) – A court in military-ruled Myanmar sentenced deposed leader Aung San Suu Kyi to five years in jail on Wednesday after finding her guilty in the first of 11 corruption cases against her, according to a source with knowledge of […]

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See how CNN covered Twitter's early days

New York (CNN Business)Even the world’s richest person needs financial advice. That’s great news for Morgan Stanley, the investment bank of choice for Elon Musk. Morgan Stanley (MS) advised the Tesla (TSLA) CEO on his $44 billion acquisition of Twitter (TWTR). The bank also helped secure $25.5 billion in funding for the deal, including $12.5 billion in loans that use […]

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Indonesia may widen palm export ban to combat shortages

JAKARTA (Reuters) – Indonesia is prepared to widen its ban on exports of refined palm olein if it faces domestic shortages of derivatives used in the production of cooking oil, according to details presented at a meeting between government and industry officials.Sunarno, 49-year-old worker, unloads fresh fruit bunches during harvest at a palm oil plantation in Kampar regency, as Indonesia […]

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