Top News & Analysis Atlanta

  • Tech stocks, headed up by Apple Inc, led all three major U.S. indexes into the black following the announcement, which calmed fears over the U.S.- China trade war and growing signs of imminent recession. Trade Representative Robert Lighthizer said the United States would hold off on imposing additional 10% tariffs on key Chinese goods, including laptops and...

  • Aug 6- Sprint Corp said on Tuesday it would launch a 5 G smartphone made by OnePlus, becoming the second U.S. wireless carrier after T-Mobile to offer a cellphone made by the Chinese company. Sprint, whose 5 G service is priced at $80 per month, is already offering 5 G smartphones from Taiwan's HTC and South Korean mobile makers, Samsung Electronics Co Ltd and LG...

  • Shares of the Dow component were up 1.3% at $56.00 at midday after the company said it added a net 245,000 phone subscribers during the quarter. "Verizon made history this quarter by becoming the first carrier in the world to launch 5 G mobility," said Verizon Chairman and CEO Hans Vestberg. Earlier this week, Verizon started servicing parts of Washington, Atlanta,...

  • "What I want to tell you is that the development we're doing on the 5 G technology is actually extremely fast compared to what I saw in 4 G," Verizon Chief Executive Officer Hans Vestberg said on a post-earnings call with analysts. Earlier this week, Verizon started servicing parts of Washington, Atlanta, Detroit and Indianapolis with 5 G. The earnings announcement...

  • Investors are looking beyond the 25- basis-point cut and questioning whether this might be an insurance cut or a shift in monetary policy, said Art Hogan, chief market strategist at National Securities in New York. "There are a lot of risks on the horizon and the Fed in their shift in policy may now be willing to be more proactive than reactive," said Justin Boller...

  • NEW YORK, July 31- Shares of smaller U.S. companies have gotten cheap over the past year, significantly lagging their large-cap counterparts, and could be poised for a turnaround following a highly anticipated interest-rate cut from the Federal Reserve. Worries about a slowdown in economic growth have soured investor sentiment toward small-cap companies,...

  • *Trump fires new trade warning at China. NEW YORK, July 30- Wall Street lost ground on Tuesday after a warning from President Donald Trump to China amid ongoing trade negotiations pressured technology shares, while investors looked to an expected Federal Reserve interest rate cut at the conclusion of its monetary policy meeting. "Techs are weaker today, as Trump...

  • *Trump fires new trade warning at China. NEW YORK, July 30- U.S. stocks slipped on Tuesday after a warning from President Donald Trump to China pressured technology shares, while investors looked to an expected interest rate cut at the conclusion of the Federal Reserve's monetary policy meeting. "Trade and iPhone demand in China are going to be part of the issue," said...

  • July 26- Robust earnings from Alphabet and Starbucks pushed the S&P 500 and Nasdaq indexes to record highs on Friday, with support from data showing U.S. economic growth slowed less than expected in the second quarter. The U.S. Commerce Department said GDP increased at an annualized rate of 2.1% in the second quarter, higher than a 1.8% rate that economists polled...

  • LOS ANGELES, July 23- United Parcel Service Inc, the world's largest package delivery firm, on Tuesday unveiled its drone delivery subsidiary and said it has applied for the Federal Aviation Administration certifications needed to expand the business. UPS said Flight Forward could receive FAA certification for multiple drones and pilots as early as this...

  • LOS ANGELES, July 23- United Parcel Service Inc, the world's largest package delivery firm, on Tuesday unveiled its drone delivery subsidiary and said it has applied for the Federal Aviation Administration certifications needed to expand the business. UPS said Flight Forward could receive FAA certification for multiple drones and pilots as early as this...

  • Shares in the Atlanta- based company rose nearly 6% in morning trading to hit $54.1, a record high. "Our performance was largely driven by consumer demand for no sugar versions of some of our best-known sparkling soft drink brands as well as for the a smaller packages for less sugar," Chief Executive Officer James Quincey told analysts. As part of his plan to create a "...

  • As a part of Chief Executive Officer James Quincey's plan to create a "total beverage company", the company bought Britain- based Costa Coffee for $5 billion in a deal announced in 2018 and finalized this year. It recently rolled out ready-to-drink coffee in cans in the UK and a coffee based soda in several markets. Shares in the Atlanta- based company, a Dow Jones...

  • Coca-Cola bought Britain- based Costa Coffee for $5.1 billion and recently rolled out ready-to-drink coffee in cans in the UK and a coffee based soda in several markets. Net income attributable to the Atlanta, Georgia- based company rose to $2.61 billion, or 61 cents per share, from $2.32 billion, or 54 cents per share from a year ago. Excluding one-time items, the...

  • "Markets are trading sideways because there are not a lot of earnings out today, with the exception of Halliburton, but it is going to be a very big earnings week," said Tom Martin, senior portfolio manager at GlobAlt Investments in Atlanta. "We are anticipating the European Central Bank meeting and we have to wait next week for the Federal Reserve, and it seems as...

  • NEW YORK, July 18- A gauge of global stocks advanced on Thursday, erasing declines on a late rally after comments from a U.S. In a speech read as a strong argument in favor of quick and aggressive action by the Fed to cut rates this month, New York Fed President John Williams said policymakers need to add stimulus early to deal with too-low inflation when rates are near...

  • *Cuts 2019 profit expectations to 30- 35 mln stg. LONDON, July 18- British online fashion retailer ASOS warned on profits for the third time since December, saying problems ramping up warehouses in the United States and Germany had restricted product availability, hitting sales and raising costs. The group is working through a major overhaul of its warehouse and...

  • NEW ORLEANS, July 13- Hurricane Barry weakened to a tropical storm as it made landfall in Louisiana on Saturday, after a westward shift that appeared to spare low-lying New Orleans from the massive flooding feared earlier this week. The threat of major flooding from the historically high Mississippi River overtopping levees appeared to have passed, but the...

  • NEW ORLEANS, July 13- Hurricane Barry made landfall in Louisiana on Saturday and weakened to a tropical storm, after a westward shift that appeared to spare low-lying New Orleans from the massive flooding feared earlier this week. The National Hurricane Center, which hours earlier said Barry had become the first Atlantic hurricane of 2019, said the storm...

  • NEW ORLEANS, July 13- Tropical Storm Barry, poised to make landfall as the first Atlantic hurricane of 2019, churned ever closer to Louisiana's shore on Saturday morning as most New Orleans residents huddled at home, or in bars, bracing for the threat of severe flooding. It was on track to reach hurricane strength shortly before crossing the Louisiana coastline...