U.S. stocks surged on Wednesday as investors piled into technology and healthcare sectors after midterm elections led to a divided Congress and fueled bets that tighter regulations in these sectors would be harder to push through.
Citibank will pay more than $38 million to the U.S. Securities and Exchange Commission (SEC) for abuse in handling American Depositary Receipts (ADRS), the regulator said in a statement on Wednesday.
Wells Fargo received a warning from the Office of the Comptroller of the Currency (OCC) in recent weeks related to its technology operations, the Wall Street Journal reported on Wednesday citing people familiar with the matter.
World stock markets climbed on Wednesday after the U.S. midterm election divided control of Congress, but the vote’s outcome, which cast doubt on further U.S. tax cuts, hit the dollar and sent Treasury yields lower.
Ryanair Holdings Plc and longtime Chief Executive Michael O’Leary have been sued in New York by a shareholder that said Europe’s largest airline defrauded investors and inflated its share price by overstating its ability to manage labor relations and keep costs down.
Healthcare stocks rallied on Wednesday, with U.S. health insurers reaching record highs as results of mid-term elections were seen reducing the likelihood of action to cut medical costs and programs in the world’s biggest and most profitable market.
Michael Kors shares slumped 16 percent on Wednesday as the fashion group missed Wall Street estimates for quarterly revenue, hurt by lower sales at its stores in Europe, where it is struggling to create a stronger luxury identity.
U.S. stocks surged on Wednesday, as investors piled into growth sectors such as technology and healthcare on relief that the outcome of the U.S. midterm elections was as expected.
World stocks rose on Wednesday, with Wall Street surging after the U.S. midterm election a day earlier divided control of Congress, but the outcome, which casts doubt on further U.S. tax cuts, hit the dollar and sent Treasury yields lower.
U.S. stocks opened higher on Wednesday after the midterm elections handed Democrats the House of Representatives and saw Republicans reinforce their control of the Senate in a widely expected outcome.
Apple Inc is not in talks “at any level” to settle its wide-ranging legal dispute with mobile chip maker Qualcomm Inc , according to a source familiar with the matter.
Apple Inc is not in talks “at any level” to settle its wide-ranging legal dispute with mobile chip maker Qualcomm Inc , according to a source familiar with the matter.
U.S. stocks were on course to open higher on Wednesday after the midterm elections handed Democrats the House of Representatives and saw Republicans reinforce their control of the Senate in a widely expected outcome.
Norwegian Air said on Wednesday all fourteen of its 737 MAX 8 Boeing planes were operating as normal after receiving a safety bulletin from the U.S. plane manufacturer.
EU regulators are close to wrapping up their third case against Alphabet unit Google involving its AdSense advertising service, Europe’s antitrust chief said on Wednesday, suggesting the company may soon be hit with another hefty fine.
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