The Dow Industrials and the S&P 500 opened flat on Wednesday as a rise in shares of energy companies helped offset losses in technology stocks, which weighed on the Nasdaq.
New York has overtaken London as the world’s most attractive financial center, a survey said on Wednesday, as Britain’s decision to leave the EU prompts banks to shift jobs out of the city to keep access to Europe’s single market.
It has the outline of a great company, but can management wrangle it into a profit-making machine? …read more […]
U.S. producer prices unexpectedly fell in August, recording their first drop in 1-1/2 years, as declines in the prices of food and a range of trade services offset an increase in the cost of energy products.
U.S. stock index futures pointed to a flat open on Wednesday, held back by worries over the Sino-U.S. trade war, while Apple shares moved higher ahead of the expected launch of three new iPhone models.
FedEx Corp said on Wednesday it would hire about 55,000 workers and increase hours for some existing employees for the holiday shopping season as the U.S. package delivery company prepares to cater to the expected jump in shipments due to online shopping boom.
Macy’s Inc said on Wednesday it would hire 80,000 temporary workers to deal with extra customers shopping during the crucial holiday season.
U.S. producer prices unexpectedly fell in August, recording their first drop in 1-1/2 years, as declines in the prices of food and a range of trade services offset an increase in the cost of energy products.
Fresh sparring between Washington and Beijing over trade kept up pressure on world markets on Wednesday, with equities struggling and emerging currencies mostly weaker, led by the Indian rupee hitting a record low.
U.S. stock index futures were flat early on Wednesday, held back by worries over the Sino-U.S. trade war, while Apple shares moved higher ahead of the expected launch of new iPhone models.
Pilots and cabin crew at Ryanair in Germany staged a full-day walkout on Wednesday and threatened further strikes to put pressure on management in labor talks with Europe’s biggest low-cost carrier.
Oil cut earlier losses and rose towards its highest level this year on Wednesday, after a drop in U.S. crude inventories and as the prospect of the loss of Iranian supply added to concerns over the delicate balance between consumption and production.
Volkswagen will face another class action lawsuit over its rigging of diesel emissions tests, this time at home when Germany introduces a new law in November.
Consumer goods giant Unilever will not be included in Britain’s blue-chip FTSE 100 index once it ends its dual-headed structure, index compiler FTSE Russell said.
In the run-up to the 2008 financial crisis, millions of amateur investors kept adding fuel to the overheating U.S. housing market by betting on quick profits in hotspots like Las Vegas or Miami. A decade later, house-flipping is making a comeback, but this time in some Rust Belt cities the last boom passed by.
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