Target Corp raised its annual profit forecast on Wednesday after reporting better-than-expected quarterly results as higher investments to remodel stores and beef up digital business drew in more shoppers, sending shares up 17%.
Hedge funds are steering away from battered tech and semiconductor stocks, while bottom-fishing in health care names, according to Goldman Sachs.
Healthcare giant Philips was warned of suspicious sales of its medical equipment to the Brazilian government, and failed to halt them, nearly a decade before an alleged bribery racket was exposed in the company's Brazil operations last year, Reuters has learned.
Norway's $1-trillion-plus sovereign wealth fund, the world's largest, may seek to shift the balance of its investments between Europe, the Americas and Asia, a senior official said on Wednesday.
Apple Inc is in the final stages of certifying advanced screens from Chinese display maker BOE Technology Group Co Ltd for its iPhones, as it attempts to reduce reliance on Samsung Electronics, the Nikkei reported on Wednesday.
EU antitrust regulators want to know whether Facebook's proposed Libra cryptocurrency and its use of consumer data pose possible anti-competitive constraints, people familiar with the matter said on Wednesday.
Akbar Gbajabiamila rose from humble beginnings and found success both on and off the football field.
U.S. stocks opened higher on Wednesday, as strong results from Lowe's and Target boosted retailers, while investors awaited minutes from the Federal Reserve's July policy meeting due later in the day.
German lender Commerzbank is considering closing some bank branches as it figures out a way forward after its talks to merge with rival Deutsche Bank collapsed earlier this year, people familiar with the matter said on Wednesday.
Investigators probing an engine explosion on an Air France A380 in 2017 are studying a possible manufacturing flaw with a key part in a move likely to trigger checks on dozens of Airbus superjumbos worldwide, people familiar with the matter said.
President Donald Trump on Wednesday continued to pressure the Federal Reserve and the central bank's chairman to lower interest rates, saying its policies were hampering U.S. growth and reducing the country's ability to compete economically.
U.S. homeowners filed the most applications to refinance their current mortgages in over three years as 30-year borrowing costs slipped to their lowest levels since late 2016, the Mortgage Bankers Association said on Wednesday.
Denmark's financial watchdog has prepared a draft report to send to Danish police over Danske Bank's overcharging of customers, a scandal that led to the dismissal of the bank's former interim chief executive.
Morgan Stanley warns that "the wheels for a slowdown are in motion," adding that a slowdown in the manufacturing sector is spreading.
The number of Fidelity 401(k) plans with a balance of $1 million or more jumped to a record 196,000 in the second quarter of 2019.