Media company Fox Corp beat Wall Street estimates for quarterly profit on Wednesday, boosted by higher fees collected from cable and satellite operators and online distributors.
The S&P 500 recovered from steep early losses to trade modestly higher by late afternoon on Wednesday as investors snapped up oversold shares, although signals from the bond market of a higher risk of recession kept a lid on gains.
Investors rushed into the safety of U.S. government bonds on Wednesday, muting a broad stocks rally as fears of a global recession grew.
Electric carmaker Tesla Inc stood by its Model 3 safety claims on Wednesday in the face of regulatory scrutiny, while documents showed the top U.S. automotive safety watchdog issued at least five subpoenas since last year seeking information about crashes involving the company’s vehicles.
Oil prices tumbled more than 4.5% on Wednesday to a seven-month low, extending recent heavy losses following a surprise build in U.S. crude stockpiles and fears that demand will shrink due to Washington’s escalating trade war with Beijing.
Former U.S. Defense Secretary Jim Mattis will rejoin the board of defense company General Dynamics Corp , seven months after quitting his job in the Trump administration over disagreements about the president’s foreign policy, the defense contractor said on Wednesday.
The U.S. agency responsible for government contracts on Wednesday released an interim rule for a ban on federal purchases of telecommunications equipment from five Chinese companies, including Huawei.
Oil prices tumbled more than 4% on Wednesday to a seven-month low, extending recent heavy losses following a surprise build in U.S. crude stockpiles and fears that demand will shrink due to Washington’s escalating trade war with Beijing.
Members of Ryanair’s British pilot union voted on Wednesday in favor of strike action later this month in a dispute over working conditions, the British Airline Pilots Association (BALPA) said.
The New York Times Co fell short of Wall Street estimates for revenue on Wednesday and warned of declines in digital advertising for the rest of the year, sending its shares down 12%.
U.S. stocks fell on Wednesday, as investors reeling from rising trade tensions fled riskier assets for perceived safer havens and the bond markets signaled a higher risk of recession.
Members of Ryanair’s British pilot union have voted for strike action in a ballot triggered by a dispute over working conditions, the British Airline Pilots Association (BALPA) said on Wednesday.
General Motors Co persuaded the U.S. federal judge who oversees nationwide litigation over defective ignition switches to narrow claims by owners who said their vehicles lost value because of the defect, which has been linked to 124 deaths.
From her home overlooking Setauket Harbor on Long Island’s North Shore, a motorboat bobbing at the dock, Stephanie Kelton hopes to revolutionize how the U.S. government manages the economy.
Like famed economist John Maynard Keynes, Modern Monetary Theory advocates think government has an important role in offsetting what happens when demand falls short of what’s needed to keep everyone who wants a job employed. They draw also on the ideas of Hyman Minsky, who was best known for his work on financial bubbles but also noted what he felt was the inherent tendency of market systems to fall short of full employment. MMT proponents also have a distinct view about the demand for money dra
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