Major world stock markets rose and short-dated U.S. Treasury yields fell on Wednesday as investors bet that the U.S. Federal Reserve would cut interest rates and help boost a sluggish global economy.
Major U.S. cruise operators said on Wednesday they will no longer sail to Cuba following the Trump administration's ban on travel to the Caribbean island, angering travelers and leading to worries of trip cancellations.
Wall Street's major indexes rose on Wednesday as investors bet on a Federal Reserve interest rate cut after weak private sector jobs data and hopes grew that the United States and Mexico would reach an agreement to avoid U.S. tariffs on Mexican goods.
Fiat Chrysler Automobiles NV has reached a tentative agreement with France on the terms of its proposed merger with Renault, two sources told Reuters, as the French carmaker's board met to consider the bid late on Wednesday.
The escalating trade war between the United States and China has gone beyond tariffs as the countries increase pressure on each other to cede ground.
Boeing Co's effort to build the world's largest twin-engined jet, the 777X, continues to be hampered by challenges with General Electric Co's new GE9X turbine engine, a top Boeing executive said on Wednesday.
The arcane topic of antitrust law is getting more attention with the U.S. government gearing up to investigate whether Alphabet Inc's Google, Facebook Inc, Apple Inc, and Amazon.com Inc compete fairly.
Wells Fargo & Co board members are considering keeping interim Chief Executive Allen Parker in the job permanently even after saying they would seek an outsider to fill the role, according to two sources familiar with the board's thinking.
Troubled power utility company PG&E Corp has spoken to lawmakers for arranging about $11 billion fund to settle claims related to wildfires, Bloomberg reported on Wednesday.
Major U.S. cruise operators said on Wednesday they will no longer sail to Cuba following the Trump administration's ban on travel to the Caribbean island, angering travelers and prompting worries about trip cancellations and company earnings.
Fiat Chrysler Automobiles' U.S. sales chief Reid Bigland sued the Italian-American automaker claiming the company opted to withhold 90% of his 2018 compensation because he has cooperated with a probe by the U.S. Securities and Exchange Commission, court documents filed on Wednesday show.
U.S. Agriculture Secretary Sonny Perdue said on Wednesday he is hopeful that the United States and Mexico can reach an accord to avoid U.S. tariffs being applied on Mexican goods over immigration.
Boeing Co's effort to build the world's largest twin-engined jet, the 777X, continues to be hampered by challenges with General Electric Co's new GE9X turbine engine, a top Boeing executive said on Wednesday.
Democratic presidential hopeful Elizabeth Warren on Wednesday criticized U.S. President Donald Trump's decision to impose tariffs on Mexico as "random dart throwing" that lacks a coherent strategy.
The U.S. Justice Department said on Wednesday it would review two consent decrees reached with music licensing groups ASCAP and BMI in 1941, a decision that could upend the business of licensing music to online companies, movie companies, commercials, bars and restaurants.