A broad index of world stock markets edged higher on Wednesday while the U.S. dollar fell as comments from Federal Reserve Chairman Jerome Powell bolstered expectations for an interest rate cut from the U.S. central bank this month.
The benchmark S&P 500 briefly crossed the 3,000 points mark for the first time on Wednesday, as bets for a sharp interest rate cut later this month were boosted by Federal Reserve chairman Jerome Powell's dovish comments.
The benchmark S&P 500 breached the 3,000 points mark for the first time on Wednesday, as hopes of an interest rate cut later this month were lifted by Federal Reserve chief Jerome Powell's comment that the central bank would "act as appropriate" to sustain record U.S. growth.
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, kicking its shares down.
President Donald Trump is poised to sign an executive order that would increase kidney transplants, and Raymond James says biotech firm CareDx could benefit.
Toyota Motor Corp said Wednesday it will build a new sport utility vehicle at a $1.6 billion joint venture assembly plant in Alabama rather than produce Corolla cars.
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.
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.
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.
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.
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.
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.
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.
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.
Bankrate.com rated all 50 states from best to worst for retirement, factoring in weather, crime rates, cultural opportunities and affordability.