Wall Street's main indexes rose on Wednesday as fears of a global economic slowdown were calmed by robust economic data from China, while easing tensions in Hong Kong added to an upbeat mood.
These stocks gives investors a higher yield than the market and the 0-year Treasury, thanks to their high and growing dividends and low credit risk.
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The effort to stop a former U.S. Justice Department official from representing Huawei is another step in a broader U.S. government campaign against the Chinese company, a lawyer for Huawei argued on Wednesday.
(Reporting by Abhishek Manikandan in Bengaluru; Editing by Maju Samuel)
American Eagle Outfitters Inc forecast disappointing current quarter profit after its same-store sales missed quarterly estimates on Wednesday, hurt by weak demand for warm weather apparel and a late start to the back-to-school season.
Stocks rebounded worldwide on Wednesday, and the U.S. Treasury yield curve steepened as upbeat geopolitical news and positive economic data from China helped revive risk appetite.
A federal judge reviewing a Justice Department decision to allow U.S. pharmacy chain and benefits manager CVS Health Corp to merge with insurer Aetna said on Wednesday that the agreement was legal under antitrust law.
Slack Technologies Inc forecast a bigger-than-expected loss for the third quarter on Wednesday, as the workplace messaging and communication platform invests heavily to attract paid customers and organizations in the face of competition from companies like Microsoft Corp .
Wall Street's main indexes rebounded on Wednesday, after robust economic data from China, easing tensions in Hong Kong and British lawmakers' approval of a law to delay Brexit provided a dose of optimism to investors worried about global growth.
Stocks rebounded worldwide on Wednesday, and the U.S. Treasury yield curve steepened as easing geopolitical concerns and upbeat economic data from China helped revive investor risk appetite.
Homeowners can take steps now to help the insurance claims process go more smoothly, experts say.
EU regulators are examining Facebook's proposed Libra cryptocurrency to see if it harms competition, Europe's antitrust regulator said on Wednesday, the latest watchdog to voice concerns about the social network's move into financial services.
The U.S. trade deficit narrowed slightly in July, but the gap with China, a focus of the Trump administration's "America First" agenda, surged to a six-month high.
The U.S. economy grew at a modest pace in recent weeks, with manufacturing buffeted by a global slowdown while consumer purchases gave mixed signals on the strength of household spending, the Federal Reserve reported on Wednesday.