U.S. stocks were set to open flat on Wednesday as Wall Street’s record-setting rally ran out of steam, while FedEx eyed its worst day since September after cutting its annual profit forecast for the second time this year.
German Chancellor Angela Merkel said on Wednesday she had not been told about the Chinese authorities making any threats of retaliation if Germany were to exclude Huawei from its 5G rollout.
Chancellor Angela Merkel’s conservatives and their Social Democrat partners have delayed until next year a decision on security rules for Germany’s 5G network that could bar China’s Huawei, a highly divisive issue in an unhappy alliance.
SoFi Investing is a platform that has caught the eye of many frugal investors looking to improve their portfolios in 2020. The San Francisco-based financial tech company gained prominence through its loan and protection services, but it’s now gaining traction as one of the best robo-advisors.
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SoFi Invest provides an extensive range of low-cost investing options with completely free management. As a Sofi Invest …read more […]
Oil prices fell on Wednesday after U.S. industry data showed a surprise build up in crude inventories but losses were kept in check by expectations for an uptick in demand next year on the back of progress in resolving the U.S.-China trade row.
Cyrus Mistry has won backing from a tribunal to be reinstated as executive chairman of Tata Sons, the holding company behind Indian conglomerate Tata Group, lawyers said on Wednesday, knocking shares in group companies.
Fruit smoothies may become the new martini for Wall Street holiday parties.
Uber driver Juan Jose is quick to cover his cell phone with the red rag he keeps in his front seat whenever he spots a police officer on the streets of Bogota.
Fiat Chrysler and Peugeot maker PSA have struck a binding deal to create the world’s fourth biggest carmaker, and now face the challenge of winning over regulators and delivering on a pledge to slash costs without closing factories.
Israeli defense electronics firm Elbit Systems said on Wednesday its nanosatellite, called Nanova, was successfully launched into space. Nanova was developed in collaboration with an unnamed U.S. company and is planned to be a part of a nanosatellite constellation for commercial purposes. Nanova will be operated from a ground control station set up in Haifa, Israel. …read more […]
(Bloomberg) — Timid isn’t how most people would describe Stanley Druckenmiller. Yet that’s how he describes himself today.It’s not that Druckenmiller has sworn off taking risk. He owns copper and U.S. and Japanese equities, and he’s wagering on the Canadian and Australian dollars while shorting the yen and long-dated Treasuries — all positions that should profit in a stable-to-growing global economy.And in recent weeks, anticipating a pro-Brexit vote in the U.K., he bought the pound and banks including Barclays Plc and Lloyds Banking Group Plc. Only he wishes he’d been bolder.“I’m just too conservative in my old age,” Druckenmiller, 66, …read more […]
(Bloomberg) — An appeals court upheld charges by Cyrus Mistry that he was improperly ousted as chairman of the $110 billion Tata Group, paving the way for his reinstatement and marking a loss for the conglomerate’s chairman emeritus Ratan Tata.A two-judge panel of India’s National Company Law Appellate Tribunal on Wednesday said Ratan Tata’s actions against Mistry were oppressive and the appointment of a new chairman was illegal. The court also said Tata Sons’ move to turn private from a public company was unlawful and ordered a reversal.The order will take effect after four weeks and Tata has the option …read more […]
The two teenaged employees were electrocuted while cleaning the kitchen of a McDonalds in Pueblo Libre, a district in the capital Lima, Peruvian daily La Republica reported. “In response to the terrible loss of our two colleagues Carlos Gabriel Edgardo Campos Zapata and Alexandra Antonella Porras Inga, we wish to announce that we have declared two days of mourning from this morning, during which all our restaurants nationwide will remain closed,” McDonald’s Peru said on Twitter. …read more […]
(Bloomberg) — The U.S. conceded it won’t be able to stop completion of the controversial Nord Stream 2 natural gas pipeline from Russia to Germany, acknowledging the failure of a years-long effort to head of a perceived threat to European security.The massive $11-billion project is just weeks away from completion and has led President Donald Trump to call Germany “a captive to Russia.” He has criticized the European Union for not doing more to diversify imports away from the nation that supplies more than a third of its gas.Senior U.S. administration officials, who asked not to be identified discussing the …read more […]
Fiat Chrysler and Peugeot maker PSA have reached a binding agreement over their roughly $50 billion merger that will reshape the global car industry.
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