Tuesday 8 January 2019

Daily Investor Update: Prospect of U.S. profit drop rises for investors

Reuters.com Newsletter

Prospect of U.S. profit drop rises for investors

Investors are growing more fearful that U.S. companies' profits could shrink this year following Apple's warning of soft demand in China, coupled with mounting evidence of a drag from tariffs, a global slowdown and fading tailwinds from tax cuts.

Nissan's Ghosn claims innocence in first appearance since November arrest

Ousted Nissan Chairman Carlos Ghosn declared his innocence in his first public appearance since his November arrest, telling a Tokyo court on Tuesday that he had been wrongly accused of financial misconduct.

On brink of demise, Sears to reconsider billionaire chairman's bid

Sears Holdings Corp agreed on Tuesday to consider a revised takeover bid from billionaire Chairman Edward Lampert, temporarily staving off a liquidation that would have spelled the end of the 126-year-old U.S. department-store chain.

Boeing delivers record 806 aircraft in 2018, shares jump 4 percent

Boeing Co delivered a record 806 aircraft in 2018 as it overcame supplier woes, retaining the title of the world's biggest planemaker for the seventh straight year.

World stocks rise on U.S.-China trade talk hopes

An index of world stocks rose for the third straight session on Tuesday, with investors hopeful that the United States and China would strike a deal to end their months-long trade war that has hurt sentiment in financial markets.

Mercedes claims luxury car crown as analysts eye challenger Tesla

Mercedes-Benz sold 2.31 million passenger cars last year, likely enough to make it the top-selling premium automotive brand in 2018, although some analysts are questioning how much longer German manufacturers can dominate the luxury car industry.

Apple and Amazon propel Wall Street to three-week high

The S&P 500 ascended to a three-week high on Tuesday, led by Apple, Amazon and a rally in industrials on bets that the United States and China would strike a deal to end a trade war.

Verizon adds more phone subscribers than expected in fourth quarter

Verizon Communications Inc on Tuesday beat Wall Street estimates for net new phone subscribers who pay a monthly bill, adding 650,000 customers in the fourth quarter.

Airbus delivered 800 jets in 2018, pushing shares higher

Airbus delivered 800 aircraft last year, provisionally hitting a key industrial target that only weeks ago had seemed beyond its reach as its battles to overcome supply chain problems and factory snags to meet record demand for jetliners.

U.S. job openings drop, but still at lofty levels

U.S. job openings fell in November, pulled down by sharp declines in construction and other services, but did little to change views that the economy is facing a shortage of workers.

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