US News Headlines
UK's BT says it will analyze cost and impact of Huawei ban
LONDON, July 14 (Reuters) - BT, Britain's biggest mobile and fixed-line operator, said it would analyze the details of the ban on its supplier Huawei in terms of the costs and impact on its business.
Comcast bets on ads with launch of Peacock streaming service
(Reuters) - Comcast-owned NBCUniversal will enter a crowded streaming market on Wednesday when it launches its Peacock streaming service nationally, offering 20,000 hours of content, including NBC shows such as "30 Rock," "Cheers" and "Saturday Night Live."
JPMorgan beats estimates on trading, but loan losses loom
(Reuters) - JPMorgan Chase & Co beat Wall Street estimates for profit in the second quarter as trading revenue surged, while setting aside a record $10.5 billion to brace for rising defaults as the United States slides into one of the worst recessions in decades.
UPDATE 2-JPMorgan beats estimates on trading, but loan losses loom
July 14 (Reuters) - JPMorgan Chase & Co beat Wall Street estimates for profit in the second quarter as trading revenue surged, while setting aside a record $10.5 billion to brace for rising defaults as the United States slides into one of the worst recessions in decades.
OPEC sees record rise in global oil demand in 2021
LONDON (Reuters) - Global oil demand will soar by a record 7 million barrels per day in 2021 as the global economy recovers from the coronavirus pandemic but will remain below 2019 levels, OPEC said in its monthly report.
Huawei says 'disappointing' ban will put UK in the digital slow lane
LONDON, July 14 (Reuters) - Huawei said Britain's "disappointing" decision to ban the use of its equipment in its 5G networks was "bad news for anyone in the UK with a mobile phone" and threatened to put the country into the digital slow lane.
India's Flipkart raises $1.2 billion in Walmart-led funding
BENGALURU (Reuters) - Flipkart said on Tuesday it raised $1.2 billion in an investment led by its majority owner Walmart Inc
, valuing the Indian e-commerce firm at $24.9 billion.
UK on Huawei alternatives: We need to protect existing vendors and get new supplies
LONDON, July 14 (Reuters) - Britain's culture minister said telecoms firms Ericsson and Nokia need to be protected as alternatives to Huawei after announcing plans to ban the Chinese firm from Britain's 5G network.
Bill Gross predicts value outperforms growth, based on rates correlation
NEW YORK (Reuters) - Billionaire investor Bill Gross is predicting that value stocks like IBM
and Altria Group are likely to fare better than growth stocks like Apple or Amazon.com in the near term, due to a correlation with real interest rates.
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