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14 hours 26 minutes ago

Global stocks fall on trade, earnings caution; oil drops

A gauge of global shares declined for a third straight session on Thursday on worries over how the trade war between the United States and China could dent corporate earnings, while oil prices dropped on expectations of rising output.

14 hours 33 minutes ago

Southwest schedules without Boeing 737 MAX until Nov. 2, freezes pilot hiring

Southwest Airlines Co joined U.S. rivals on Thursday in cancelling more flights until early November due to the continued grounding of Boeing Co's 737 MAX, which has also prompted the low-cost carrier to freeze new pilot hiring.

14 hours 34 minutes ago

Morgan Stanley reports drop in profit, but wealth management gains

Morgan Stanley reported a drop in quarterly profit Thursday, hit by lower market activity amid global trade tensions and expectations for U.S. interest rate cuts.

14 hours 35 minutes ago

Wall St. slightly lower after mixed results; Netflix tumbles

Wall Street's main indexes edged lower on Thursday as investors digested a slew of mixed earnings, while Netflix reported a surprise fall in U.S. subscribers in a downbeat start to results from high-growth companies.

15 hours 1 minute ago

Union Pacific quarterly profit beats estimates on price gains

Union Pacific Corp on Thursday reported a quarterly profit that beat Wall Street estimates, as the U.S. railroad operator cut costs and raised prices to overcome the effects of severe flooding in the Midwest and ongoing U.S.-China trade tensions.

15 hours 3 minutes ago

UnitedHealth boosts earnings forecast, set to pass price discounts to patients

UnitedHealth Group Inc will stick with its decision to pass on drug maker discounts to patients to help them beat rising medicine prices despite the U.S. government having withdrawn a similar proposed policy in its health programs, its top executive said on Thursday.

15 hours 14 minutes ago

Oil falls as U.S. Gulf oil platforms return to service

Oil fell more than 1.5% a barrel on Thursday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the Gulf of Mexico following last week's hurricane in the region.

15 hours 25 minutes ago

Justice Department may sue to block Sprint, T-Mobile merger: CNBC

The U.S. Justice Department would sue to block the merger of T-Mobile US Inc and Sprint Corp if the parties do not settle next week, CNBC reported on Thursday, citing sources.

15 hours 36 minutes ago

Evercore set to lose out as Aramco reshuffles IPO roles: sources

Boutique investment bank Evercore Partners has lost the chance to retain a prime position as an independent advisor for Saudi Aramco's potential $100 billion share sale, as the oil giant revives its postponed listing, three sources said.

15 hours 39 minutes ago

Wall St. dips as trade worries weigh; Netflix tumbles

U.S. stock indexes edged lower on Thursday as investors awaited more developments around trade, while Netflix posted a surprise drop in U.S. subscribers, kicking off earnings for the FAANG group of stocks on a sour note.