U.S. and Chinese negotiators wrapped up a brief round of trade talks on Wednesday that both sides described as "constructive," including discussions over further Chinese purchases of American farm goods and an agreement to reconvene in September.
Kraft Heinz Co said on Wednesday it would report results for the first six months of the year on Aug. 8, its first financial statement since disclosing a more than $15 billion writedown on its iconic Kraft and Oscar Mayer brands.
Ryanair has told its staff it has 500 more pilots and 400 more cabin crew than required and job losses will be announced in coming weeks.
U.S. labor costs rose at their slowest pace in 1-1/2 years in the second quarter, the latest indication of benign inflation that could allow the Federal Reserve to cut interest rates on Wednesday for the first time in a decade.
Space rockets and satellites are likely to cost more to insure after the European Vega rocket crash this month, which hit insurers with a record space market loss of 369 million euros ($411.21 million), insurance industry sources say.
U.S. stocks opened higher on Wednesday, lifted by Apple's shares, as the iPhone maker's upbeat earnings eased concerns over the impact of the U.S.-China trade war, while investors awaited an almost certain cut in interest rates by the Federal Reserve.
U.S. interest rates have never been as low as they are now at the start of any past Federal Reserve interest rate reduction cycle.
Following is the full text of the statement released by the Federal Reserve's Federal Open Market Committee on Wednesday following a two-day meeting:
General Electric shares rise after second-quarter earnings tops expectations and it gives a better-than-expected outlook for cash flow.
General Electric says Miller will remain with the company during the leadership transition.
Wall Street analysts said Apple's earnings were solid but expect more from the iPhone going forward.
Oil prices rose for a fifth day on Wednesday, supported by a drop in U.S. inventories and investor expectations that the U.S. Federal Reserve will lower borrowing costs for the first time since the financial crisis more than a decade ago.
Apple's net income this year is projected to be almost equal to what the company booked four years earlier. Yet the stock has nearly doubled.
Shares of Apple Inc rose 4.2% on Wednesday, after the company calmed Wall Street nerves with an improvement in sales in China and as several brokerages predicted a boost from its services business and the launch of new iPhones in the second half of 2019.
Fresh trade war fears weighed on global stocks on Wednesday before a U.S. Federal Reserve meeting, with the dollar holding firm and Britain's pound subdued on growing fears of a no-deal Brexit.