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.
Fiat Chrysler enters the second half of the year with strong momentum, especially in North America and Latin America, Chief Executive Mike Manley said on Wednesday.
Fiat Chrysler took the market by surprise by sticking to its full-year profit guidance on Wednesday after a strong performance from its RAM pick-up brand in North America helped it to defy an industry slowdown.
General Electric Co's oilfield services arm, Baker Hughes, reported a better-than-expected profit, helped by higher LNG markets activity and a rise in international demand for oilfield services, sending its shares up more than 5%.
Brazilian miner Vale SA on Wednesday said it swung to a quarterly loss as the company announced more than $2 billion in fresh writedowns related to two deadly dam bursts suffered by the company over a period of less than four years.
Meat alternatives company Beyond Meat Inc said on Wednesday a secondary offering of 3.25 million new shares would be priced at $160 per share, an 18.6% discount to the stock's closing price.
An attorney for the state attorneys general who filed a lawsuit in hopes of stopping T-Mobile U.S. Inc's $26 billion merger with Sprint Corp has requested a new trial date for the case.
Australian flag carrier Qantas Airways Ltd said it had no plan to cut its stake in Alliance Airlines, after the competition regulator raised concerns over its acquisition of 19.9% in its rival.
Asian shares fell to six-week lows on Thursday and the dollar rose after the U.S. Federal Reserve delivered a 25-basis-point rate cut as expected but poured cold water on market expectations of a lengthy easing cycle.
Asian shares were set to open significantly lower on Thursday as the U.S. Federal Reserve poured cold water on market expectations of a lengthy easing cycle after delivering a 25-basis-point cut.
Major U.S. banks lowered their benchmark rates for a wide range of consumer and commercial loans on Wednesday, following a rate cut from the Federal Reserve.
An attorney for a group of 13 state attorneys general who filed a lawsuit in hopes of stopping T-Mobile U.S. Inc's $26 billion merger with Sprint Corp has requested a new trial date for the case.