Huawei CEO Ren Zhengfei said in an interview with CNBC the company's business is still strong in China.Technologyread more
The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
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Trump's remarks came a day before the Fed was set to announce its next decision on interest rates.Politicsread more
Sen. Josh Hawley, a well-known tech critic, introduced legislation on Wednesday that would remove the immunity big technology companies receive for user-posted content under...Technologyread more
Facebook's new cryptocurrency project, titled Libra and backed by the likes of Visa and Booking Holdings, is being widely embraced by market watchers.Trading Nationread more
Zuckerberg fell out of Glassdoor's top 20 CEO ranking for the first time, although his employee approval rate remains high.Technologyread more
The U.S. and China have imposed tariffs on billions of dollars' worth of one another's goods since the start of 2018.Traderead more
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Adobe expects fiscal third-quarter earnings and revenue that are below what analysts were looking for.Technologyread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
Shares of Groupon plunged more than 22 percent Thursday after the company said in its earnings press release it would buy rival LivingSocial.
Groupon said Wednesday it entered into an agreement to acquire all of the outstanding shares of LivingSocial. The American e-commerce website did not say what it paid for the competitor, adding the "acquisition consideration is not material."
The company said the deal is expected to close by early November, subject to "satisfaction of customary closing conditions."
Meanwhile, Groupon posted a loss of a penny a share, in line with expectations, on revenue of $720 million. Wall Street expected the company to post revenue of $710 million, according to Thomson Reuters estimates.
Even with Thursday's declines, the stock is up more than 33 percent this year to date.