Wall Street struggled for direction on Wednesday, as early gains driven by a spate of upbeat earnings were offset by concerns about a potential economic downturn, trade tensions and longest government shutdown in U.S. history.
New Zealand’s prime minister has assured Chinese telecoms equipment group Huawei Technologies Co Ltd of even-handed treatment after the small U.S. ally blocked the sale of some Huawei equipment citing national security concerns.
A corner of the market for initial public offerings is evading the freeze on stock market flotations inflicted by the U.S. government shutdown, putting the spotlight on listings that usually stay under most investors’ radar.
Amazon.com Inc spent a company record $14.19 million on lobbying the U.S. government in 2018, according to a disclosure filed late on Tuesday.
Potential U.S. sanctions on Venezuela’s crude oil exports would cut off the nation from Gulf Coast refiners that are among its biggest customers, likely forcing it to send more crude to China, India or other Asian countries, traders said on Wednesday.
French spirits group Pernod Ricard named business veteran Patricia Barbizet to the newly created role of lead independent director on Wednesday as it faces pressure from activist investor Elliott to improve its governance.
The S&P 500 and the Nasdaq dropped on Wednesday as U.S. stocks gave up a strong start, hamstrung by lingering concerns over economic growth, while the Dow stayed afloat helped by strong earnings from IBM and other blue-chips.
Facebook Inc’s operations chief Sheryl Sandberg said on Wednesday that the world’s largest social network needed to win back public trust after facing scandals for violating its users’ privacy.
Tesla Inc is reducing production hours for its higher priced electric cars Model S and Model X to improve efficiencies, a Tesla spokesperson said on Wednesday.
Comcast Corp beat Wall Street profit and revenue estimates on Wednesday as its high-speed internet business grew and it lost fewer cable subscribers than expected.
Facebook’s operations chief said the world’s largest social network needed to earn back public trust and was investing billions of dollars a year to improve the security of its network.
Petroleo Brasileiro SA has rejected the most recent bid by an EIG Global Energy Partners-backed firm to purchase a pair of shallow-water oil clusters, two sources with direct knowledge of the matter said, potentially derailing a major divestment late in the process.
Pernod Ricard , the family-backed French spirits group under pressure from activist investor Elliott, said on Wednesday it named business veteran Patricia Barbizet to the newly created role of Lead Independent director to further improve its governance.
General Electric , which bought Alstom’s energy business in 2015, aims to slash close to 470 jobs across the division in France in the face of falling orders worldwide, unions said on Wednesday.
The S&P 500 and the Nasdaq reversed course to dip slightly on Wednesday due to losses in healthcare and financial sectors, while the Dow stayed afloat on positive earnings reports from IBM, United Technologies and Procter & Gamble.
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