The benchmark S&P 500 breached a five-month high on Wednesday, boosted by gains in financial and industrial stocks as marquee companies posted strong results and bolstered expectations of a solid second quarter.
Berkshire Hathaway Inc shares rallied on Wednesday after the conglomerate’s board gave its billionaire chairman, Warren Buffett, more freedom to conduct stock buybacks and whittle down a $108.6 billion stockpile of cash.
Uber Technologies Inc [UBER.UL] appointed Ruby Zefo as chief privacy officer and Simon Hania as data protection officer, a company spokesman told Reuters on Wednesday.
Wall Street trading desks may have reached a post-crisis turning point, with revenue on track for the best year since 2011, second-quarter earnings reports from big U.S. banks showed.
Mox Reports, Richard Pearson sees 10X upside in BitAuto (NYSE: BITA) from $24 (7/18/18) to $240, helped along by a short squeeze. See full report:
A subtle peace has emerged in Wall Street’s long-running broker recruiting wars, Morgan Stanley Chief Executive Officer James Gorman said on Wednesday.
Amazon.com’s stock market value reached $900 billion on Wednesday for the first time, marking a major milestone in its 21-year trajectory as a publicly listed company and threatening to dislodge Apple as Wall Street’s most valuable jewel.
The benchmark S&P 500 remained at five-month highs on Wednesday as a rise in financial and industrial stocks due to strong earnings from marquee companies were offset by a drop in technology stocks.
Novartis may ratchet up its 2018 sales outlook, its finance chief said on Wednesday, despite halting planned U.S. drug price hikes amid pressure on the industry from President Donald Trump’s administration over the high cost of medicines.
The chairman of U.S. Federal Trade Commission said Wednesday that the agency is “very interested” in learning more about the European Union’s record fine of Google. “We’re going to read what the EU put out very closely,” said FTC Chairman Joseph Simons, while noting the U.S. and EU have different antitrust regimes. “In the antitrust world, most of the problematic conduct occurs where firms are big and have market power,” Simons said. …read more […]
Berkshire Hathaway Inc shares rose on Wednesday after its board gave its billionaire chairman, Warren Buffett, more freedom to conduct stock buybacks, which the conglomerate has not done since 2012.
Boeing Co is in talks with Airbus and other companies about joining its bid for a 4 billion euro ($4.7 billion) heavy-lift helicopter contract in Germany, the head of business development for Boeing’s defence unit said on Wednesday.
President Donald Trump said on Wednesday the United States may hammer out a separate trade deal with Mexico, continuing to sow doubts about the future of the North American Free Trade Agreement that he has frequently criticized, and then do a deal with Canada later.
Ryanair is to cancel more than 12 percent of its flights for two days next week in its biggest-ever strike as cabin crew escalate a staff revolt that began among disaffected pilots last year.
Airplane manufacturers are working to adapt jets to reduce the number of pilots needed for long-haul flights and to build new cockpits designed for a single aviator in order to ease a global pilot shortage and cut airline costs.
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