EU News Digest Latest News & Updates
Apart from politics, Americans plan to spend with some abandon this holiday season and use a bit more debt to achieve their holiday goals. Average holiday spending plans rose above $1,100 — the first time the holiday survey has seen an average number above $1,000. The prior record was last …
Read More »NYC council members grill Amazon executives HQ2 tax incentives
Andrew Harrer | Bloomberg | Getty Images Jeff Bezos, founder and chief executive officer of Amazon.com Inc., listens during an Economic Club of Washington discussion in Washington, D.C., U.S., on Thursday, Sept. 13, 2018. Amazon executives and the head of New York City’s Economic Development Corporation were grilled over the …
Read More »Apple stock is up 43,000% since its IPO 38 years ago
Apple’s stock — at one point the most valuable in the world — is up more than 43,000 percent since its IPO exactly 38 years ago Wednesday. The company first listed its shares on public exchanges on Dec. 12, 1980 at $22 a share. Several stock splits and over a …
Read More »Under Armour shares fall as investor day kicks off
Patrick T. Fallon | Bloomberg | Getty Images Kevin Plank, founder and chief executive officer of Under Armour. Under Armour’s stock fell in premarket trading Wednesday, as the retailer kicked off its annual investor day. Its shares were last down nearly 4 percent. The stock as of Tuesday had rallied …
Read More »Canada grants bail for arrested Huawei CFO who faces US extradition
Jason Redmond | AFP | Getty Images Robert Long (L) and Ada Yu hold signs in favor of Huawei Technologies Chief Financial Officer Meng Wanzhou outside her bail hearing at British Columbia Superior Courts in Vancouver, British Columbia on December 11, 2018. A Vancouver judge set a $10 million CAD …
Read More »GE shares fall to $6.66 a share, lowest close during financial crisis
General Electric shares fell as low as $6.66 share in trading Tuesday, a level which marked the lowest close for the stock during the financial crisis a decade ago. GE made its painful dividend cut official last week, with the company’s board of directors authorizing the payout to be cut …
Read More »China auto sales keep falling and falling
Fred Dufour | AFP | Getty Images Vehicles at a Hongqi car dealer in Beijing. – Car sales are falling in China this year but one brand is speeding ahead: The national ‘Red Flag’ sedan is flying high, powered by purchases from the government, state companies and patriotic citizens. Auto …
Read More »Delta bans support animals from long flights — and no puppies
Richard Atrero | Anadolu Agency | Getty Images A dog is seen on the lap of its owner in a plane in Chiba, Japan on January 27, 2017. Delta Air Lines plans to ban emotional-support animals from flights longer than eight hours and will bar all service and support animals …
Read More »Buy AT&T stock as the telecom giant turns things around
Patrick T. Fallon | Bloomberg | Getty Images Randall Stephenson, CEO, AT&T Citi upgraded AT&T shares to buy from neutral on Tuesday, saying the company is beginning to turn things around after a downtrodden year. “The recent share price underperformance provides a better risk reward scenario,” Citi analysts said in …
Read More »GM, Ford shares jump on report China is moving toward auto tariff cut Trump hinted at
Jonathan Ernst | Reuters President Donald Trump talks with auto industry leaders, including General Motors CEO Mary Barra (L) and United Auto Workers (UAW) President Dennis Williams (R) at the American Center for Mobility in Ypsilanti Township, Michigan, U.S. March 15, 2017. Shares of General Motors and Ford jumped on …
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