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Tech leads Wall Street higher as tariff delay sparks rally

6 days ago DieselGasoil Comments Off on Tech leads Wall Street higher as tariff delay sparks rally
NEW YORK (Reuters) – U.S. stocks closed higher on Tuesday after an announced delay of planned tariffs on some Chinese imports brought buyers back to the equities market in a broad-based rally. Tech stocks, headed up by Apple Inc (AAPL.O), led all three major U.S. indexes into the black following the announcement, which calmed fears Read More

Trade jitters running high at U.S. companies ahead of new U.S.-China talks

3 weeks ago DieselGasoil Comments Off on Trade jitters running high at U.S. companies ahead of new U.S.-China talks
(Reuters) – Worries about the U.S.-China trade war are running high during the current U.S. quarterly reporting season, with companies as diverse as Juniper Networks and O’Reilly Automotive bemoaning the consequences but saying they are finding ways to weather the storm. FILE PHOTO: Flags of U.S. and China are displayed at American International Chamber of Read More

‘Toy Story 4’, Barbie star in Mattel’s surprise revenue rise

4 weeks ago DieselGasoil Comments Off on ‘Toy Story 4’, Barbie star in Mattel’s surprise revenue rise
(Reuters) – Mattel Inc (MAT.O) saw a big boost in demand for its action figures after the worldwide success of the latest “Toy Story” movie while a Barbie makeover lifted sales of the iconic doll, helping it report a surprise rise in quarterly revenue. FILE PHOTO: The Mattel company logo is seen at the 114th Read More

Toymaker Hasbro profit draws power from ‘Avengers’, ‘Magic’ card game

4 weeks ago DieselGasoil Comments Off on Toymaker Hasbro profit draws power from ‘Avengers’, ‘Magic’ card game
(Reuters) – Hasbro Inc (HAS.O) on Tuesday beat Wall Street estimates for quarterly profit, powered by higher demand for action toys of blockbuster “Avengers: Endgame” and collectible card game Magic: The Gathering, sending its shares to a record high. A Monopoly board game by Hasbro Gaming is seen in this illustration photo August 13, 2017. Read More