S&P opens higher, Nasdaq hits record as all eyes turn to Fed
U.S. stocks opened higher on Wednesday, with Nasdaq hitting another record high, as attention shifted to the Federal Reserve's first projections on the economy post-coronavirus outbreak.
U.S. stocks opened higher on Wednesday, with Nasdaq hitting another record high, as attention shifted to the Federal Reserve's first projections on the economy post-coronavirus outbreak.
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The dollar dropped to a three-month low amid speculation the U.S. Federal Reserve will announce later on Wednesday it intends to keep a recent rise in bond yields in check.
Fiat Chrysler (FCA) plans to resume production of its Panda small car at its plant in Pomigliano, near Naples in southern Italy, on June 16, a union representative said on Wednesday.
Ford Motor Co and Volkswagen AG said on Wednesday they would make up to 8 million units of medium pickup trucks and commercial vans during the lifecycle of the vehicles as part of an alliance announced last year.
U.S. consumer prices fell for a third straight month in May as demand remained subdued amid a recession caused by the COVID-19 pandemic.
U.S. carrier Delta Air Lines said on Wednesday it expects to have $10 billion in cash, cash equivalents, short-term investments and borrowing capacity by year-end.
The move is the first time Amazon has agreed to let an outside financial institution make underwriting decisions for the hundreds of thousands of businesses on its platform
The S&P 500 and Dow futures ticked lower on Wednesday as investors stayed on the sidelines ahead of the Federal Reserve meeting that could shed further light on the central bank's view of the economy as it emerges from lockdowns.
The world's 14 biggest carmakers are on course to miss globally agreed climate targets, a leading sustainable finance think tank said on Wednesday, urging investors to do more to pressure boards to change their production plans.
Business conditions are improving after a tough start to the year, Credit Suisse Chief Executive Thomas Gottstein said in a presentation released on Wednesday.
World stock markets hovered below three-month highs on Wednesday, while the dollar stumbled ahead of a meeting of the U.S. Federal Reserve.
Asia's stock markets edged up to a fresh three-month high on Wednesday, with the dollar again under pressure but sentiment was largely cautious ahead of the U.S. Federal Reserve's next move.
The dollar fell against most currencies on Wednesday amid some speculation the U.S. Federal Reserve could take steps to curb a recent rise in bond yields in a policy decision later in the day.
Swiss private bank Julius Baer faces investigation by watchdog FINMA over whether it followed correct procedures against money laundering in its ties with a former Argentine client, the Neue Zuercher Zeitung newspaper said on Wednesday.