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.
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.
Here are the biggest calls on Wall Street on Wednesday
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.
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.
Deutsche Bank investors will press Chief Executive Christian Sewing on how he will deliver on revenue growth targets during a global roadshow to win backing for his 7.4 billion euro ($8.4 billion) 'reinvention' plan.
The benchmark S&P 500 briefly crossed the 3,000 points mark for the first time on Wednesday after dovish remarks from Federal Reserve Chairman Jerome Powell bolstered the case for an interest rate cut later this month.
U.S. Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook's plan to build a digital currency called Libra "cannot go forward" until serious concerns were addressed.
Tesla shares rose in premarket trading on Wednesday after a report that the electric automaker will raise output at its factory in California.
U.S. stock futures fell on Wednesday, as investors eyed Federal Reserve Chairman Jerome Powell's remarks later in the day for clues on the central bank's interest rate policy direction.
U.S. online retailer Amazon does not have to provide a helpline phone number to consumers, Europe's top court said on Wednesday in a ruling that could boost e-commerce merchants.
Oil prices rose around 2% on Wednesday after industry data showed U.S. inventories fell more than expected, while major U.S. producers evacuated rigs in the Gulf of Mexico ahead of a storm.
For the administration of President Donald Trump, a policy of "energy dominance" means reducing dependence on imported oil and promoting exports to boost the national economy and Washington's political influence overseas.
The European Commission lowered its estimates on Wednesday for euro zone growth and inflation, saying uncertainty over U.S. trade policy posed a major risk to the bloc.
The founder of Superdry warned the revival of the struggling British fashion group would be a long haul after a 130 million pound ($161 million) charge for poorly performing stores pushed it into an annual loss, sending its shares lower.