Pricey Pickups Power GM Earnings in Q4
Strong sales of high-margin pickups and small SUVs fueled an earnings beat for GM despite weak demand in China.
Apple’s iPhone Sales Fall 15%, Wearables Up
After years of expansion and record-setting profits, Apple “appears to be entering a period of vulnerability.”
U.S. Charges Huawei CFO With Iran Fraud
Meng Wanzhou allegedly deceived banks into processing transactions for an "unofficial subsidiary" that did business in Iran.
Caterpillar Earnings Miss Amid China Downturn
The company's shares fell more than 9% as it forecast "roughly flat" construction sales growth in China this year.
Starbucks Same-Store Sales Pick Up Steam
The coffee chain posts a third straight quarter of accelerating sales growth, indicating its streamlining efforts are paying off.
World Bank: ‘The Ride Could Get Bumpier’
There's a low probability the U.S. will see a recession in 2019, but there's a lot of downside risk to the World Bank's estimate of moderately lower growth.
China, US Trade War a Duel of Brains and Brawn
You want to avert your eyes, but you can’t. China and America are the main event. The world’s two largest economies battling for supremacy.
Delta Shares Fall After Lower Guidance
Other airlines also saw their shares decline amid fears of a global slowdown.
Apple Lowers Q1 Guidance Amid China Woes
CEO Tim Cook says the revenue shortfall "is over 100 percent from iPhone and it's primarily in greater China."
Hong Kong Firm Fined $3M for Accounting Fraud
The SEC says Agria Corp. hid from investors a $17.5 million loss from the sale of its primary operating entity in China.
GoPro Shifting Manufacturing Out of China Amid Trade War Concerns
To avoid being hit with tariffs, GoPro is moving production of U.S.-bound cameras out of China.