The S&P 500 rose to trade near all-time high on Wednesday after the United States and China signed a Phase 1 trade agreement and pledged to resolve their longstanding tariff dispute that has roiled financial markets in the recent years.
U.S. producer prices edged up in December as a rise in the cost of goods was offset by weakness in services, the latest indication of tame inflation pressures that could allow the Federal Reserve to keep interest rates unchanged this year.
A software update for the GTF engine on Airbus' smallest jet, the A220, is expected in the spring, pending regulatory approval, a top executive at United Technologies Corp's Pratt & Whitney aircraft engine division said on Wednesday.
The long-awaited U.S.-China trade deal unveiled on Wednesday touted new wins for U.S. financial firms looking to access China's $4 trillion financial market, but many of the changes were already in train even before the trade war ignited.
U.S. President Donald Trump on Wednesday said he would remove all U.S. tariffs on Chinese imports as soon as the two countries completed the Phase 2 part of their trade agreement, adding that he does not expect there to be a Phase 3 pact.
Digital and card payments have increased dramatically over the past few years, according to Federal Reserve data. While the trend poses benefits like speed and consumer ease, it also brings up data privacy and cash-flow issues.
Goldman Sachs Group Inc will set an expense target at its investor day later this month, management said on Wednesday, after the bank missed Wall Street profit expectations due to inflated costs.
Almost everyone has some investing regrets, from not investing sooner to wishing they'd started to save for retirement far earlier.
Oil prices slipped on Wednesday on concerns that the Phase 1 trade deal between the United States and China, the world's biggest oil users, may not boost demand as the United States intends to keep tariffs on Chinese goods until a second phase.
Bank of America Corp beat analysts' estimates for quarterly profit on Wednesday, as a boost from bond trading and growth in its loan book helped the second-biggest U.S. lender blunt a hit from lower interest rates.
OPEC expects lower demand for its crude oil in 2020 even as global demand rises, it said on Wednesday, as rival producers grab market share and the United States looks set for another output record.
CEO David Solomon has had a busy few months.
The IRS kept $2.7 billion in refunds out of the hands of fraudsters last year through Sept. 30, according to the Taxpayer Advocate Service. Unfortunately, hundreds of thousands of legitimate filers waited more than 40 days to get their money.
BlackRock Inc , the world's largest asset manager, beat analysts' estimates for quarterly profit on Wednesday, as more money rolled into its cash management business and exchange-traded funds amid concerns of slowing global growth.
Over the past three years, Abu Dhabi National Oil Company (ADNOC) has expanded its oil and gas business and quietly raised more than $19 billion in a variety of ways. See main story: