Downing Street met Wall Street
Downing Street met Wall Street late Monday as Theresa May landed in New York to consult with some of America’s largest firms over how her country should proceed with Brexit. The prime minister held two […]
News
China banks’ net forex sales fall to 1-year low in August
Foreign exchange transactions indicate that China is under less pressure from capital outflow than it was earlier in the year, the State Administration of Foreign Exchange said. Commercial banks sold 21.7 billion yuan worth of […]
Shares of Adobe Hit New Highs
The stock hit new 52-week and all-time highs, although its 4% after-hours gain will have to hold up until Wednesday’s session to officially count. Adobe (NASDAQ:ADBE) beat on earnings per share estimates and marginally topped […]
Google sets October 4th event to debut new phones
It’s a big season for hardware launches and Google (GOOG, GOOGL) won’t be left out, setting an Oct. 4 confab where it is seen rolling out new hardware, including new phones. The company could leave […]
GoPro unveiled its long-awaited drones
GoPro, whose leadership in action cameras has been challenged by lower-cost rivals, unveiled its long-awaited drone on Monday, as it tries to grab share in a new growth market. Its Karma drone focuses on portability […]
JP Morgan launches high-yield bond ETF
JP Morgan Chase has brought to Bats Global Markets an exchange-traded fund investing in high-yield bonds. The actively managed JP Morgan Disciplined High Yield ETF buys US dollar-denominated debt issued by US and foreign companies. […]
Rise in China home prices picks up
The rise in China’s home prices accelerated last month, according to data from the National Bureau of Statistics. Month-over-month, new-home prices rose in 64 out of 70 large and midsize cities in August, up from […]
Salesforce is embedding artificial intelligence into its software
Salesforce is embedding artificial intelligence into its software, making it the latest firm to enhance workplace tools with human-like abilities. Called Einstein, the new offering is a set of online AI services designed to automate […]
Airbus is preparing to launch a new restructuring and cost-cutting plan next month
Airbus is preparing to launch a new restructuring and cost-cutting plan next month to offset expensive delays to aircraft programs and minimize losses on the A380. The restructuring will tighten Airbus (OTCPK:EADSY) CEO Tom Enders’ […]