SHENZHEN  – More than 70 percent of U.S. firms operating in southern China are considering delaying further investment there and moving some or all of their manufacturing to other countries as the trade war bites into profits, a business survey showed on Monday. U.S. companies operating in China believe they are suffering more from the […]

Shares of Amazon.com Inc (AMZN.O) dropped by the most in four years on Friday after its outlook for holiday season sales missed targets, fanning concerns that Wall Street’s tech darlings are finally starting to face stronger competition. The third-quarter results were the second time running that billionaire Jeff Bezos’ firm had fallen short of sales […]

Microsoft’s stock market value now stands at $823 billion, on track to close above Amazon’s for the first time since April. Microsoft overtook Amazon as second most valuable U.S. company on Friday after investors punished Jeff Bezos’ e-commerce behemoth for a disappointing quarterly earnings report, wiping $65 billion off the online retailer’s market capitalization. Apple […]

NEW YORK  – Twitter Inc (TWTR.N) shares jumped as much as 22 percent on Thursday, putting them on track for their biggest one-day gain, as the social media company easily beat Wall Street’s revenue and profit estimates by selling more ads even though it lost users after purging millions of fake accounts. The surge in […]

SAN FRANCISCO – When Tesla Inc posts third-quarter results on Wednesday, Chief Executive Elon Musk may show off a long-promised quarterly profit, as production of his Model 3 electric sedan takes off. But the real question is whether any such gains will be sustainable. Since May, Musk has promised that the company will post quarterly […]

Verizon’s media business suffered a 6.9 percent decline in revenue to $1.8 billion in the third quarter of 2018. Verizon’s effort to create an advertising business to rival Google and Facebook is struggling to keep up with another tech giant — Amazon. Verizon’s media business, which includes The Huffington Post, TechCrunch and Yahoo Sports, suffered […]

NEW YORK/MEXICO CITY – The new North American trade agreement ends key legal protections for many U.S. businesses operating in Mexico, leaving their operations exposed to a risk they had avoided under the old trade deal: Mexico’s court system. For thousands of U.S. firms, the change could add complications and uncertainty to doing business south […]

BRUSSELS/SAN FRANCISCO – Alphabet Inc’s (GOOGL.O) Google will charge hardware firms up to $40 per device to use its apps under a new licensing system to replace one that the European Union this year deemed anti-competitive, a person familiar with the matter said on Friday. The new fee goes into effect on Oct. 29 for […]

LONDON – OPEC is struggling to add barrels to the market after agreeing in June to increase output, an internal document seen by Reuters showed, as an increase in Saudi Arabia was offset by declines in Iran, Venezuela and Angola. The Organization of the Petroleum Exporting Countries and allies agreed in June to boost supply […]

NEW YORK – When Peggy and Marco Lachmann-Anke learned in January that hackers cracked a 40-character password and cleaned out their cryptocurrency wallet, they did not go to the police or alert the tokens’ issuer, the Berlin-based technology group IOTA. They bought more coins. The Cyprus-based German couple, who describe themselves as financial educators, figured […]