Description
Added on the 30/07/2019 09:51:56 - Copyright : AFPTV - First images
On Wednesday, US stocks climbed as investors woke up to a disorderly presidential debate. The debate revived concerns of a disputed election result. Premarket futures traded negative until Treasury Secretary Steven Mnuchin told CNBC that he expected to reach a stimulus deal with House Speaker Nancy Pelosi. Business Insider reports that all three major US indexes opened in positive territory. Still, the S&P 500 is on track for its first monthly loss since March. US private firms added 749,000 payrolls last month, handily beating the median economist estimate of 649,000 payrolls.
Chinese telecoms giant Huawei plans to sell 5G smartphones at half the price of its competitors. Peter Zhou, chief marketing officer of wireless marketing at the company, said that Huawei plans to bring 5G phones to market for $600 this year. Zhou said he is expecting this price to drop further in 2020, Business Insider reports. "Next year, some people say we may see [5G] smartphones at $300 and I think that's very much possible," he said. This price point will enable Huawei to undercut its rivals, whose own versions of the 5G phone are rumored to cost double that price.
Opening more stores and strong growth in its online business boosted sales at the handbag retailer. Kors will buy back $1 billion of its shares. Fred Katayama reports.
Apple earnings came in better-than-expected on Monday. Sales of iPhones continue to surge at the most valuable publicly traded U.S. company. Bobbi Rebell reports.
Half of Western military aid to Kyiv is delivered late, says Ukrainian Defence Minister Rustem Umerov, as the country struggles with an ammunition shortage. SOUNDBITE
|
Support : Technical 
- Content 
- Editors 
