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.
Democratic U.S. presidential hopeful Bernie Sanders said Walmart Inc should increase wages for its workers and stop fueling income inequality in the country.
U.S. President Donald Trump said on Wednesday he thinks Mexico wants to make a deal in the neighbors' immigration dispute, but that he will go ahead with tariffs on Mexican goods if it does not do more to control migration.
A White House trade adviser and a leading Republican senator said on Wednesday that a U.S. plan to impose tariffs on Mexican goods might not go into effect, offering hope for Mexico and American businesses concerned about economic damage from a new front in President Donald Trump's trade wars.
Signs that the economy is losing momentum hung over a Federal Reserve summit for a second straight day as policymakers hinted they would be ready to cut interest rates if the U.S. trade war threatens a decade-long expansion.
Chuck Grassley, the Republican chairman of the U.S. Senate Finance Committee, predicted on Wednesday that the United States and Mexico would strike a deal to avert tariffs President Donald Trump has threatened to impose on Mexican imports.
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White House trade adviser Peter Navarro said on Wednesday a U.S. plan to impose tariffs on Mexican goods may not have to take effect, offering a glimmer of hope for Mexico and American businesses concerned that the levies could badly hit both consumers and companies.
U.S. stocks rose at the open on Wednesday after a report showed smallest monthly private jobs growth in May since 2010, raising bets that the central bank would lower interest rates to counter any economic slowdown.
BMW and Jaguar Land Rover on Wednesday said they will jointly develop electric motors, transmissions and power electronics, unveiling yet another industry alliance designed to lower the costs of developing electric cars.
U.S. President Donald Trump said Britain's Prince Harry was a terrific guy and denied casting his American-born wife, Meghan, as a nasty person, claiming media had distorted his words as he actually felt she was very nice.
Chinese importers are preparing applications for waivers on import tariffs levied on more than 700 U.S. goods in the Sino-U.S trade war, after the finance ministry said it would start taking submissions.
Global stocks gained for a third straight day on Wednesday, bolstered by investors' growing hopes that the Federal Reserve might cut interest rates this year to boost a slowing global economy, while the dollar languished near seven-week lows.
French Finance Minister Bruno Le Maire said there was no need to rush regarding the $35 billion merger talks between carmakers Renault and Fiat Chrysler, while reiterating that he nevertheless wanted the deal to go ahead.
Volkswagen will invest up to 4 billion euros over the years to 2023 to digitalize its administration and production, the German carmaker said on Wednesday, adding that up to 4,000 jobs in non-production units could be cut.