A proposed merger between France's Groupe PSA and Fiat Chrysler Automobiles would give FCA access to Peugeot’s more modern and flexible vehicle architectures, potentially enabling the combined companies to achieve lower costs through higher production volumes, a global auto analyst said on Wednesday.
Facebook Inc reported better-than-expected quarterly revenue on Wednesday and a rise in profit as growth in expenses slowed from a year earlier and the number of users ticked higher, assuaging investor fears of fallout from fierce scrutiny by regulators and lawmakers.
Ride-hailing company Lyft Inc blew past Wall Street estimates for third-quarter revenue on Wednesday, but promotional costs rose as it battled Uber Technologies Inc to attract more customers.
Oil prices fell on Wednesday after a steep U.S. crude inventory build added to worries about a possible delay in resolving the U.S.-China trade war, which has hurt global oil demand.
U.S. insurer MetLife Inc fell short of Wall Street estimates for quarterly profit on Wednesday, hit by a fall in adjusted earnings in its U.S. and Latin American businesses.
The Federal Reserve on Wednesday cut interest rates for the third time this year to help sustain U.S. growth despite a slowdown in other parts of the world, but signaled there would be no further reductions unless the economy takes a turn for the worse.
Understanding central banks is often compared to reading tea leaves: picking up on subtle clues that point in one direction or another.
U.S. trade policy and its impact on business investment, manufacturing and exports were a key factor in the Federal Reserve's decision to cut rates, chair Jerome Powell said Wednesday.
Apple Inc on Wednesday forecast sales for the crucial holiday shopping quarter ahead of Wall Street expectations, with Chief Executive Tim Cook seeing strong sales of the wearables such as the noise-cancelling AirPods Pro and hoping for a U.S.-China trade deal by year-end.
Diamond Eagle Acquisition Corp , a special purpose acquisition company, is in advanced talks to buy fantasy sports provider DraftKings Inc, Bloomberg reported on Wednesday.
Ride-hailing company Lyft Inc on Wednesday said higher-than-expected third-quarter revenues and an improved outlook showed it was well on its way to profitability by the end of 2021.
General Electric Co still expects the grounding of Boeing Co's 737 MAX jetliner to reduce its cash flow by $1.4 billion in 2019, provided the aircraft remains grounded all year, GE Chief Executive Larry Culp said during a conference call on quarterly earnings on Wednesday.
To convince Southwest Airlines Co to buy the Boeing 737 MAX, the plane maker reassured the airline that pilots would not need expensive simulator training and backed up the promise with a $1 million per plane rebate if training was needed, U.S. lawmakers said on Wednesday.
The U.S. Federal Reserve may be done cutting interest rates but stock investors are not done buying.
Asian shares rose on Thursday and U.S. stock futures edged higher after the U.S. Federal Reserve cut interest rates as expected to keep economic expansion on track.