Thursday 26 September 2019

U.S. stocks, bond yields slip on report against Trump

U.S. stocks, bond yields slip on report against Trump

U.S. stocks and government debt yields fell on Thursday after the release of a whistleblower complaint that accused President Donald Trump of pressing Ukraine to investigate one of his main political rivals in next year's U.S. presidential election.

Tesla shares jump on leaked deliveries email, entertainment software update

Tesla Inc shares closed up 6% on Thursday on a report that Chief Executive Officer Elon Musk saw "a shot" at delivering 100,000 cars this quarter and the company said it will roll out a software update for watching movies and playing games in cars.

Wall Street dips as whistleblower report adds to investor caution

U.S. stocks slipped on Thursday as the release of a whistleblower report tied to the Democrats' impeachment move against President Donald Trump kept uncertainty high, while trade comments from China's top diplomat helped to limit losses.

Fitness startup Peloton's shares fall 7% in market debut

Shares of Peloton Interactive Inc, the fitness startup known for on-demand workout programs on its exercise bikes, slid as much as 7% in their market debut on Thursday, indicating that investors are becoming increasingly skeptical of money-losing startups.

China's top diplomat says Beijing willing to buy more U.S. products

China's top diplomat said on Thursday that China was willing to buy more U.S. products and said trade talks would yield results if both sides "take more enthusiastic measures" to show goodwill and reduce "pessimistic language" in the trade dispute.

Internet sector contributes $2.1 trillion to U.S. economy: industry group

The rapidly growing internet sector accounted for $2.1 trillion of the U.S. economy in 2018, or about 10% of the nation's gross domestic product (GDP), an industry group said on Thursday.

Exclusive: Texas signs ex-Microsoft lawyer, others to aid in Google antitrust probe

The Texas attorney general's office has hired three consultants for a multi-state probe it is leading into Alphabet Inc's Google, including an economist who worked with some of the firm's major rivals and a lawyer who is a Microsoft veteran.

Explainer: Advertising execs point to five ways Google stifles business

U.S. authorities investigating Alphabet Inc's Google for anticompetitive behavior have recently begun probing the company's $116 billion-a-year advertising business.

Scottish council approves $185 million Trump housing plan

A Scottish council has approved a 150 million pound ($185 million) plan by U.S. President Donald Trump's family business to build 550 houses at his golf resort north of Aberdeen, despite some local opposition.

Boeing did not adequately consider pilot reactions in 737 MAX: NTSB

Boeing Co failed to adequately consider how pilots respond to cockpit emergencies in its 737 MAX safety assessment and may need to make changes to flight deck alerts, pilot procedures and training, the National Transportation Safety Board said.

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