Workers replace a roller that compresses steel at the A&T Stainless steel plant in Midland, Pennsylvania, March 2, 2020.Michael Rayne Swensen | Bloomberg via Getty ImagesCheck out the companies making headlines in premarket trading.U.S. Steel — Shares of the steel producer surged more than 26% premarket after it rejected a...
A factory at the mobile phone plant of Rising Stars Mobile India, a unit of Foxconn in Tamil Nadu, India, on July 12, 2019.Bloomberg | Bloomberg | Getty ImagesApple supplier Foxconn beat estimates for second-quarter earnings on Monday thanks to a booming artificial intelligence sector but retained a cautious...
An Alibaba Group sign is seen at the World Artificial Intelligence Conference in Shanghai, July 6, 2023.Aly Song | ReutersCheck out the companies making headlines in midday trading.News Corp — The media company's shares jumped nearly 7% after reporting an earnings beat in the fiscal fourth quarter. News Corp...
A measure of wholesale prices rose more than expected in July, countering recent trends showing that inflation pressures are easing.The producer price index, which gauges the costs that goods and services producers receive for their products as opposed to those that consumers pay, rose 0.3% for the month, the...
Jim O'Neill, former chief economist Goldman Sachs Group, in Italy in 2019.Alessia Pierdomenico | Bloomberg via Getty ImagesVeteran economist Jim O'Neill says central banks will need to keep interest rates up around 5% across major economies for longer than the market expects, even as inflation subsides.The U.S. Federal Reserve...
Huawei's production campus is pictured here on April 25, 2019, in Dongguan, near Shenzhen, China.Kevin Frayer | Getty Images News | Getty ImagesBEIJING — Chinese tech giant Huawei on Friday reported 2.2% year-on-year growth in its consumer business revenue for the first half of the year.The modest growth comes...
BEIJING, CHINA - DECEMBER 04: A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. (Photo by VCG/VCG via Getty Images)Vcg | Visual China Group | Getty ImagesSemiconductor Manufacturing International Corp. posted on Thursday a drop...
An Alibaba Group sign is seen at the World Artificial Intelligence Conference in Shanghai, July 6, 2023.Aly Song | ReutersChinese e-commerce giant Alibaba on Thursday said revenue grew by 14% year on year in the quarter ended June 30. That's the biggest annual increase in sales since the September...
Employees prepare a window display at a Kate Spade store in The Shoppes at Marina Bay Sands shopping mall in Singapore, June 19, 2020.Roslan Rahman | AFP | Getty ImagesCheck out the companies making headlines during midday trading Thursday.Disney — Shares of the media giant jumped 5.3%. Late Wednesday,...
Gas station signboards display prices in Bethesda, Maryland on August 6, 2023.Mandel Ngan | AFP | Getty ImagesThursday's consumer price index report likely will show that the pace of price increases is easing, but not enough to get the Federal Reserve to retreat on its inflation fight.If the Wall...