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GM gives strong 2019 earnings forecast, shares jump 8 percent General Motors Co on Friday gave a strong earnings forecast for 2019 powered by ... Bottom line, we believe management just reset the bar higher for earnings and cash flow despite increased macro concerns among investors, Buckingham Research Group analyst Joseph Amaturo wrote in a client note Our Standards:The Thomson Reuters Trust Principles
Analysis | The Daily 202: ‘The last election was a wake-up call.’ Why GOP leaders are turning on Steve King. The Iowa congressman faces possible censure as he walks back comments on white supremacy. THE BIG IDEA: The top three Republicans in House leadership each rebuked Rep Missing payments on debts could create delays in securing or renewing security clearances, and could even disqualify agents from continuing to serve in some cases.’ [FBIAA President Thomas] O’Connor said FBI investigations already are being affected
As world economy stumbles into 2019, eyes turn to China Ten years after China helped stave off the threat of a global depression with a ... Since then, the impact of U.S.-China trade tensions have become more apparent, OECD senior economist Margit Molnar said, suggesting the forecasts could be lowered again Higher borrowing by local governments in China suggested a pick-up in infrastructure spending was coming, she said, potentially helping to offset signs of fragile confidence among Chinese consumers Our Standards:The Thomson Reuters Trust Principles
Oil down but set for weekly gain amid caution over global economy Oil prices fell nearly 2 percent on Friday but were on track for weekly gains af... Three days of talks concluded this week with no concrete announcements, but higher-level talks may convene later this month However, markets remain concerned by mounting signs that China’s growth in 2018 and 2019 will be the lowest since 1990 Our Standards:The Thomson Reuters Trust Principles
Take Five: May Day, May Day! World markets themes for the week ahead Following are five big themes likely to dominate thinking of investors and trade... But earnings expectations remain low nevertheless: I/B/E/S Refinitive data indicates S&P 500 earnings will have grown 14.5 percent in the fourth quarter of 2018, the slowest since Q3 2017, sharply lower than the 28.4 percent rise in Q3 2018 and almost flat year-on-year
Poland arrests Huawei employee, Polish man on spying allegations Poland has arrested a Chinese employee of Huawei and a former Polish security of... Huawei said in a statement it was aware of the situation but had no immediate comment Huawei complies with all applicable laws and regulations in the countries where it operates, and we require every employee to abide by the laws and regulations in the countries where they are based, it said Our Standards:The Thomson Reuters Trust Principles
GM is defying naysayers with a bullish 2019 outlook, plans to take on Tesla with Cadillac At its Capital Markets Day in New York, GM predicted that auto sales in the US and China could hold up and that its profit outlook will improve. On the product front, GM said that it would begin rolling out new vehicles in China this year CEO Mary Barra added that a strong portfolio of SUVs and full-size pickups will drive the positive expectation for the bottom line On Friday, the stock was trading flat pre-market, at $35
U.S. shutdown sends grain traders, farmers hunting for data When the U.S. Department of Agriculture announced a slew of key farm reports wou... The Maryland-based company is making an additional pricing report available to users for free until the federal agency reopens Everybody still needs this information for creating contracts, new product lines, planting acres, Heilman said Our Standards:The Thomson Reuters Trust Principles
Huawei executive arrested in Poland on spying charges A Huawei executive has been arrested in Poland on charges of spying for China. Polish state media identified the suspect as Huawei's sales director in the country The Chinese company in a statement that it is aware of the situation, and we are looking into it If the Huawei executive is extradited to the United States, experts warn US businesses in China could face retaliation
Analysis | The Finance 202: Trump's trade war is far from over His bid to seize tariff power is the latest sign. Investors are about to get a read on the health of corporate America, as businesses begin releasing quarterly profit reports and laying out expectations for the coming year Shutdown forces FDA to sharply reduce food inspections Furloughed employees rally against shutdown: 'Stop playing politics with our lives'