Tech, healthcare stocks weigh on Wall Street

July 27, 2018@12:15 PM TFP Editor 0

U.S. stock indexes were lower on Friday as weak earnings reports from Intel and Twitter dragged on the technology sector and as healthcare stocks were pressured by a clutch of disappointing earnings. Read on Reuters

Amazon.com Inc: Q2 profit of €2.14 billion

July 27, 2018@10:08 AM TFP Editor 0

Amazon.com Inc reported a second-quarter profit of €2.14 billion ($2.5 billion) – its largest ever It’s thanks to the retailer’s younger, higher-earning businesses, including cloud computing and advertising. The Seatle based company says it expects an operating profit between €1.2 billion ($1.4 billion) and €2 billion ($2.4 billion). That’s up from €297 million ($347 million) made a year earlier. It was the first mover in the business of selling data storage and computing power in the cloud, a bet that continues to reap. rewards and [Read More]

Brics summit: importance of "open world economy"

July 27, 2018@9:29 AM TFP Editor 0

Brics summit: importance of “open world economy” Leaders of the BRICS bloc of emerging economies, signed a declaration supporting an open and inclusive multilateral trading system under World Trade Organisation rules. Brazil, Russia, India, China and South Africa agree to fight unilateralism and protectionism. Nhlanhla Nene, Minister of Finance, South Africa says, “The biggest message is that we should work together. And in working together to address issues of common interest amongst the five member countries, one of them being that of actually making sure [Read More]

Consumers, soybeans fuel U.S. second-quarter growth

July 27, 2018@7:43 AM TFP Editor 0

The U.S. economy grew at its fastest pace in nearly four years in the second quarter as consumers boosted spending and farmers rushed shipments of soybeans to China to beat retaliatory trade tariffs before they took effect in early July. Read on Reuters