 | | | | American International Group Inc on Thursday reported a 17 percent fall in quarterly profit due to ongoing issues in its general insurance business, missing analysts' expectations. | | | | | | Shares of Tesla Inc jumped more than 12 percent on Thursday, after the company convinced investors that it was able to yield positive cash flow and turn a profit, and Chief Executive Officer Elon Musk apologized for past incendiary remarks. | | | | | | Tesla Inc shares soared as much as 15 percent on Thursday, a day after the company reported results, and financial analytics firm S3 Partners said short-sellers were slammed with more than $1.1 billion in paper losses on the day. | | | | | | Allergan Plc on Thursday sued Pfizer Inc to force its rival to cover any damages Allergan is forced to pay as a result of hundreds of lawsuits claiming it deceptively marketed an opioid it acquired from a company Pfizer bought. | | | | | | CBS Corp , which has hired two law firms to investigate sexual misconduct allegations against its Chief Executive Leslie Moonves, on Thursday topped quarterly revenue estimates, helped by higher ad sales. | | | | | | Apple Inc became the first $1 trillion publicly listed U.S. company on Thursday, crowning a decade-long rise fueled by its ubiquitous iPhone that transformed it from a niche player in personal computers into a global powerhouse spanning entertainment and communications. | | | | | | Cisco Systems Inc said on Thursday it would buy Duo Security, a venture capital-backed cyber security company, for $2.35 billion in cash, as part of its push to expand into a faster growing area of software than its core business. | | | | | | Technology stocks pushed the S&P 500 and Nasdaq higher on Thursday, driven by Apple shares as the iPhone maker became the first publicly traded U.S. company worth a trillion dollars. | | | | | | A deepening trade dispute between the United States and China weighed on global stocks and bond yields on Thursday, but a rise in Apple shares took its valuation above a record $1 trillion and helped lift major U.S. indexes into positive territory. | | | | | | China vowed on Thursday to retaliate if the United States acted on a threat to raise tariffs on the Asian nation's exports, fueling fears in financial markets that the trade war between the world's two biggest economies would escalate. | | | | | | New tariffs that the United States is threatening to impose on nearly half the goods imported from China would have a small impact on the Asian nation's economy and not lead to disaster, Commerce Secretary Wilbur Ross said on Thursday, as U.S. financial markets were set to open lower on the trade standoff. | | | | | |
