Fed up with Facebook, U.S. fund managers look for alternatives

Concerns about the social media giant’s declining profit margins and battered reputation have prompted 93 U.S. mutual funds to completely […]

Oil’s sharp price drop fuels questions for stock market

U.S. stock investors are wary that a 30 percent slump in oil prices will pressure corporate profits while also presenting […]

Caught in Russia-Ukraine storm: a cargo ship and tonnes of grain

When the Island Bay cargo ship arrived from Beirut at the Kerch Strait, gateway to the Azov Sea, it sailed […]

Microsoft’s stock market value pulls ahead of Apple’s

Microsoft Corp’s stock market value surpassed Apple Inc’s, pulling ahead by as much as $3 billion on Wednesday as the […]

Berkshire invests in JPMorgan, Oracle as Buffett puts cash to work

Warren Buffett’s Berkshire Hathaway Inc deepened its commitment to the U.S. financial industry, announcing a $4.02 billion stake in JPMorgan […]

Sterling overnight volatility jumps to highest since 2017 UK general election

Sterling/dollar GBPONO= implied overnight volatility jumped to 23 percent on Wednesday, its highest since Britain’s general election in June 2017, […]

Michael Kors misses revenue estimates as European sales take hit

Michael Kors (KORS.N) missed Wall Street’s quarterly revenue estimates for the first time in almost two years, as the luxury […]

Alphabet misses Wall Street revenue estimates; shares fall

Google parent Alphabet Inc on Thursday missed analysts’ quarterly revenue estimates for the first time in at least two years […]

Microsoft leads Wall Street fightback from Wednesday’s rout

U.S. stocks rose on Thursday, as strong earnings from Microsoft helped Nasdaq-listed companies stage a rebound from the tech-heavy index’s […]

Twitter ad sales surge in third quarter, shares jump

Twitter Inc posted revenue and profit ahead of Wall Street estimates on Thursday, as higher advertising sales offset a drop […]