Asia Stocks Rise After Fed; Dollar Holds Advance: Markets Wrap

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Goldman Sachs posts better-than-expected earnings, but shares slip on rising litigation costs

Goldman Sachs posts better-than-expected earnings, but shares slip on rising litigation costs

Goldman Sachs said profit surged 40 percent to $2.57 billion, exceeding analysts’ estimates on better-than-expected revenue from investment management and investing & lending divisions. Earnings of $5.98 per share exceeding the $4.66 estimate of analysts surveyed by Thomson Reuters. Company-wide revenue rose 19 percent to $9.40 billion, beating the $8.74 billion estimate. The bank’s shares […]

S&P 500 Dips as Energy Shares Fall; Netflix Tumbles Late After Results

S&P 500 Dips as Energy Shares Fall; Netflix Tumbles Late After Results

NEW YORK — The S&P 500 ended slightly lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financials as Bank of America’s results reinforced expectations of a strong U.S. earnings season. Netflix shares ended the session up 1.2 percent but dropped more than 14 percent […]

Amazon 'Prime Day' is here!

Amazon 'Prime Day' is here!

Published: Jul 16th, 2018 – 1:43am (EDT) Updated: Jul 16th, 2018 – 3:51am (EDT) (NBC News) — Amazon Prime Day has become summer’s Black Friday. The 36-hour sale officially starts today at 3 p.m., offering deals on thousands of products. RetailMeNot.com‘s Sara Skirboll says Amazon’s marketing marvel has forced other retailers to stage big sales […]

It's starting to look like Tesla has turned a corner on its latest crisis

It's starting to look like Tesla has turned a corner on its latest crisis

Tesla builds all-electric automobiles, but it also manufactures two other things: stock-price volatility and business crisis. The company is 15 years old, but these patterns have never changed and aren’t likely to anytime soon. The original Roadster — Tesla’s first vehicle — was the product of a management crisis, back when then-investor Elon Musk took […]

The AT&T-Time Warner deal: Could Justice Dept. derail latest moves for WatchTV and prices?

The AT&T-Time Warner deal: Could Justice Dept. derail latest moves for WatchTV and prices?

Randall Stephenson, CEO of AT&T(Photo: Win McNamee) Could the U.S. government upset AT&T’s plans to give viewers Internet streaming bundles that leveraged its acquisition of Time Warner? Not a chance, the telecom giant’s CEO insisted Friday.  The morning after the Justice Department said it would appeal an anti-trust decision that led to AT&T’s acquisition last month of Time […]

Johnson & Johnson told to pay $4.7 billion in baby powder case

Johnson & Johnson told to pay $4.7 billion in baby powder case

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings. SUBSCRIBE A Missouri jury on Thursday ordered Johnson & Johnson to pay a record $4.69 billion to 22 women who alleged the company’s talc-based products, including its baby powder, contain asbestos and caused them to develop ovarian cancer. The […]

Hell for Elon Musk Is a Midsize Sedan

Hell for Elon Musk Is a Midsize Sedan

On July 1, Elon Musk went home to sleep. The chief executive of Tesla Inc. had been camping out at his electric car factory in Fremont, Calif., for much of the past week. He’d been sleeping on a couch, or under a desk, as part of a companywide push to get out of what he […]

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