Elliott Management Corp has invested more than rivals in its push for corporate change so far this year and there has been an increasing focus among activist investors on German companies.
The move by J.P. Morgan represents its push to grab market share from competitors and broaden the pool of Americans who are invested in the stock market.
Here are the biggest calls on Wall Street on Wednesday
American Airlines Group Inc said on Wednesday its second-quarter profit would be reduced by about $185 million as the No.1 U.S. airline had to cancel thousands of flights due to the grounding of Boeing Co's 737 MAX jets.
U.S. stock index futures turned positive on Wednesday after Federal Reserve Chair Jerome Powell said the central bank was ready to "act as appropriate" to sustain a decade-long expansion, bolstering expectations of an interest rate cut later this month.
Concerns about trade policy and a weak global economy "continue to weigh on the U.S. economic outlook" and the Federal Reserve stands ready to "act as appropriate" to sustain a decade-long expansion, Fed Chairman Jerome Powell said on Wednesday in remarks that could bolster expectations of an interest rate cut later this month.
Bankrate.com rated all 50 states from best to worst for retirement, factoring in weather, crime rates, cultural opportunities and affordability.
Oil prices rose more than 2% on Wednesday after industry data showed U.S. inventories fell more than expected and as major U.S. producers evacuated rigs in the Gulf of Mexico before a storm.
Swedish truckmaker AB Volvo's first commercial autonomous truck deal shows how it is bundling services to generate revenue from a technology that is years away from wide deployment.
As many as 17,000 workers at Walmart´s largest union in Chile walked off the job early Wednesday morning, demanding better salaries after negotiations over a new labor contract broke down earlier this week, the union's president said.
American Airlines Group Inc on Wednesday raised its estimate for second-quarter unit revenue as the grounding of Boeing Co's MAX jets left the No. 1 U.S. carrier with fewer aircraft in service, allowing it to fly fuller planes.
Goldman Sachs is recommending buying FedEx and UPS, seeing more than 20% gains for both stocks, as the logistics companies are seen competitive against new entrants like Amazon.
U.S. stocks opened higher on Wednesday as hopes of an interest rate cut later this month were boosted by Federal Reserve Chairman Jerome Powell's comment that the central bank would "act as appropriate" to sustain record U.S. growth.
With new streaming services snatching up beloved series, Netflix is pivoting towards comedy specials and documentaries to drive viewing hours and to ward off competition.
Concerns about trade policy and a weak global economy "continue to weigh on the U.S. economic outlook" and the Federal Reserve stands ready to "act as appropriate" to sustain a decade-long expansion, Fed Chairman Jerome Powell said on Wednesday in remarks that could bolster expectations of an interest rate cut later this month.