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American Airlines Lowers Outlook on Rising Fuel Costs

American Airlines Lowers Outlook on Rising Fuel Costs

American Airlines lowered its 2018 profit outlook, pressured by runaway fuel costs and flight delays in one of its subsidiaries.

Published 2 months ago

Comcast Earnings Rise on Broadband Growth

Comcast Earnings Rise on Broadband Growth

Comcast reported higher revenue and earnings for the second quarter, as growth in its broadband business helped mitigate the continued loss of cable-television subscribers.

Published 2 months ago

Spotify Reports Increase in Subscribers Amid Promotions

Spotify Reports Increase in Subscribers Amid Promotions

Spotify’s subscriptions surged 40% thanks to promotions during the most recent quarter, though the company tempered the high end of its guidance for the year as it posted a wider loss.

Published 2 months ago

Facebook tumbles 20% after warning on sales growth

Facebook tumbles 20% after warning on sales growth

Fall wipes $120bn off the market cap of one of Wall Street’s biggest companies

Published 1 second ago

China’s suffocation of Qualcomm-NXP merger signals new era

China’s suffocation of Qualcomm-NXP merger signals new era

US company’s rebuff seen as collateral damage of trade tension

Published 1 second ago

Qualcomm Deal Collapse Forces NXP to Forge a New Path

Qualcomm Deal Collapse Forces NXP to Forge a New Path

Qualcomm’s decision to abandon the takeover of NXP produced a cash windfall for the Dutch chip maker, but left it scrambling to spell out what its future may hold.

Published 2 months ago

The Conference Call That Shook Investor Faith in Facebook

The Conference Call That Shook Investor Faith in Facebook

Comments about revenue growth, monetizing Instagram Stories and the impact of new privacy laws during the earnings conference call hit Facebook’s shares.

Published 2 months ago

Former Cricket Star Imran Khan Claims Victory in Pakistan Election

Former Cricket Star Imran Khan Claims Victory in Pakistan Election

Former sports star Imran Khan claimed victory in a sharply disputed election in Pakistan, upending the political landscape in a fragile democracy that has struggled between long stretches of military rule.

Published 2 months ago

AB InBev’s Bud Headache Shows No Sign of Shifting

AB InBev’s Bud Headache Shows No Sign of Shifting

Anheuser-Busch InBev reported a rise in second-quarter profit but its quest to woo increasingly fickle American drinkers is proving a headache it’s struggling to shake.

Published 2 months ago

Gang Databases Are the Latest Controversial Policing Tool

Gang Databases Are the Latest Controversial Policing Tool

Politicians and advocates in major cities are scrutinizing police departments for the way they label and track suspected gang members, saying the methods lack oversight and unfairly expose minorities to the criminal justice system.

Published 2 months ago

ECB keeps interest rate and QE policy on hold

ECB keeps interest rate and QE policy on hold

Central bank reiterated plans to stop bond purchases in December

Published 1 second ago

Imran Khan declares victory in Pakistan election

Imran Khan declares victory in Pakistan election

Imran Khan has declared victory in Pakistan’s general election, promising a “new” Pakistan with less inequality and a stronger state.

Published 1 second ago

The Conference Call That Shook Investor Faith in Facebook

The Conference Call That Shook Investor Faith in Facebook

Comments about revenue growth, monetizing Instagram Stories and the impact of new privacy laws during the earnings conference call hit Facebook’s shares.

Published 2 months ago

Nomura profits tumble 91% on fixed income, equities slump

Nomura profits tumble 91% on fixed income, equities slump

Trade war spooks Japanese retail investors

Published 1 second ago