Traders of U.S. short-term interest-rate futures on Wednesday stuck with bets the Federal Reserve will raise rates once more this year and twice next year after the U.S. central bank ended a two-day meeting, as expected, with no change to interest rates.
Coca-Cola Co is planning to launch a range of energy drinks for the first time on its own brand name as it intensifies efforts to break away from its traditional fizzy sodas and shift to health-focused trends.
Wells Fargo & Co said on Thursday it is restructuring its wealth and investment management business to combine its two high-net worth operations, the private bank and Abbot Downing, under a new unit leader who it has not yet named.
Tesla Inc director Robyn Denholm, a telecoms executive who has worked for Toyota, has been promoted to chairwoman of the electric car company and tasked with regulating billionaire Elon Musk’s regime after months of turbulence.
The S&P 500 inched lower on Thursday, as disappointing results from a slew of companies, including Qualcomm Inc, countered gains in bank stocks ahead of the Federal Reserve’s interest rate decision.
Volkswagen intends to sell electric cars for less than 20,000 euros ($22,836) and protect German jobs by converting three factories to make the Tesla rival, a source familiar with the plans said.
Wells Fargo & Co plans to combine its ultra-high-net-worth business and its private bank under one leader, Bloomberg reported on Thursday, citing an internal memo https://bloom.bg/2Pmb9h5.
Alphabet Inc’s Google said on Thursday it would make changes to how it handles sexual harassment claims, a week after thousands of its employees around the world walked off their jobs to protest its response to such issues.
World equity markets edged lower on Thursday, with U.S. stocks opening on the defensive while the U.S. dollar strengthened ahead of a monetary policy announcement by the Federal Reserve.
French prosecutors argued in a Paris court on Thursday for Swiss bank UBS AG to be fined 3.7 billion euros for helping wealthy French people evade taxes.
The S&P 500 and the Nasdaq edged lower on Thursday, as weak earnings reports and caution ahead of the Federal Reserve’s interest rate decision stalled a rally from the previous session, which was spurred by the outcome for midterm elections.
The U.S. Senate Commerce Committee said on Thursday that a hearing planned for Nov. 14 on reports of engine fires involving Hyundai Motor Co and Kia Motors Corp vehicles was on hold, but could be rescheduled for a future date.
Volkswagen will offer a Tesla-rivalling electric car costing below 20,000 euros ($22,836) and convert three of its factories into electric car plants as part of a far-reaching overhaul, a source familiar with the deliberations told Reuters.
German carmakers agreed to spend up to 3,000 euros ($3,430) per vehicle to help reduce diesel emissions as the government and industry respond to driving bans in major cities.
German cities are starting to introduce bans on older diesel vehicles that emit higher amounts of pollutants than later models after the country’s highest administrative court in February confirmed such bans are permissible.
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