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Wall Street braces for tariff fallout as S&P 500 companies report

SAN FRANCISCO Tariffs are starting to bite big manufacturers and Wall Street could get another bout of caution and uncertainty from major industrial companies when a swath of reports comes in over the next week.

Recent Business News

Microsoft shares at all-time high after bumper results

Microsoft Corp shares rose about 5 percent to an all-time high on Friday, after investors cheered another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services. | Video

Jul 20 2018

GlaxoSmithKline considers splitting up the group: FT

GlaxoSmithKline Plc is considering a break-up of the group after investors pressed the company's board to spin off its consumer division, the Financial Times reported on Friday.

Jul 20 2018

U.S. carmakers expected to warn of tariff pain when releasing results

DETROIT When Detroit's automakers report earnings on Wednesday, they are likely to highlight escalating tariffs and use the opportunity to warn investors of far greater pain ahead should U.S. President Donald Trump impose broader tariffs on the industry's vehicles and parts, consultants and analysts said.

Jul 20 2018

AT&T reveals three more cities for 5G launch by end of year

AT&T Inc on Friday named Oklahoma City, Charlotte and Raleigh, North Carolina, as three more cities where it plans launch its next-generation wireless network, or 5G, by the end of the year.

Tech, U.S. Jul 20 2018

Fiat, Ferrari boards to meet on Marchionne succession: report

MILAN The boards of carmakers Fiat Chrysler and Ferrari will meet separately on Saturday to discuss succession plans for Sergio Marchionne, who is chief executive of both carmakers and has been on medical leave, Automotive News said.

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