Bhinneka News Online: Reuters Before the Bell: Futures bounce as U.S. eases restrictions on Huawei

Tuesday 21 May 2019

Reuters Before the Bell: Futures bounce as U.S. eases restrictions on Huawei

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Tuesday, May 21, 2019

Futures bounce as U.S. eases restrictions on Huawei

U.S. stock index futures rose on Tuesday after the United States temporarily eased restrictions on China's Huawei Technologies, allaying investor concerns over a further escalation in a bitter trade war between the two countries.

Global stocks gain as U.S. eases Huawei restrictions

Stock markets gained on Tuesday, with chipmakers and companies exposed to Asia among the best performers, after Washington temporarily eased trade restrictions imposed last week on China's Huawei.

Bayer hires law firm to probe Monsanto data collection

Bayer on Tuesday hired law firm Sidley Austin to investigate a Europe-wide data collection scheme run by its Monsanto unit, which targeted journalists, politicians and other stakeholders to influence the debate on pesticides.

J.C. Penney posts worse-than-expected drop in same-store sales, shares drop

J.C. Penney Co Inc reported a steeper-than-expected fall in quarterly comparable-store sales on Tuesday, taking a hit from not selling major appliances and in-store furniture, sending its shares down 10% in early trading.

Home Depot same-store sales misses on wet weather, lumber prices

Home Depot Inc reported its slowest growth in quarterly same-store sales in at least three years on Tuesday, missing Wall Street estimates, as the home improvement chain was hurt by wet weather in February and a steep fall in lumber prices.

Trump's Huawei ban raises hopes for Chinese chip suppliers

Washington's blacklisting of technology giant Huawei has taken a toll on U.S. semiconductor shares, but China-listed firms have rallied as investors bet they can gain from Beijing's stepped-up efforts to build a homegrown supply chain.

U.S. eases curbs on Huawei; founder says clampdown underestimates Chinese firm

The United States has temporarily eased trade restrictions on China's Huawei to minimize disruption for its customers, a move the founder of the world's largest telecoms equipment maker said meant little because it was already prepared for U.S. action.

Huawei accuses U.S. of bullying, says working with Google to counter ban

Chinese telecoms equipment maker Huawei called itself the victim of U.S. "bullying" on Tuesday and said it was working with Google to counter trade restrictions imposed by Washington last week, a senior Huawei executive said.

Tesla stock worth just $10 in worst case: Morgan Stanley

Further falls in Tesla Inc's share price increase its chances of being sold in the years ahead, Morgan Stanley analysts said on Tuesday, as they slashed their worse-case scenario for the electric car producer to just $10.

Kohl's cuts profit forecast after weak first quarter, shares fall 10%

Kohl's Corp slashed full-year profit forecast after the department store operator missed Wall Street estimates for quarterly same-store sales and profit on Tuesday, sending its shares down over 10% in early trading.