The S&P 500 and Nasdaq inched to all-time highs on Wednesday, extending a record-setting run as investors’ optimism about the global economy remained strong, while a steep drop in FedEx shares limited further gains.
One tech expert believes that consumers will ultimately hold onto their Netflix accounts. …read more […]
Royal Dutch Shell plc tops the list Continue reading… …read more […]
British American Tobacco (BAT) must stop advertising its e-cigarettes from any public account on Instagram, including some influencers’ accounts, the UK’s advertising watchdog ruled on Wednesday.
Mastech Digital tops the list Continue reading… …read more […]
Unicorns like Uber, Lyft and Slack may have had disappointing IPOs, but U.S. venture capital firms gave birth to a record number of unicorns in 2019.
Cyrus Mistry, who has been embroiled in a legal battle with Tata Group since being ousted in 2016, won backing from a tribunal to be reinstated as executive chairman of its holding company, lawyers said on Wednesday.
The dollar gained on Wednesday as improving economic data squashed the likelihood of a Federal Reserve interest rate cut in 2020, while global equity markets extended a rally that again pushed key indices on Wall Street to record highs.
(Bloomberg Opinion) — “Stock price, bro” is an established response to anyone expressing skepticism about Tesla Inc. It’s shorthand for “If things are so bad, then why is the stock price so high (bro)?”I was reminded of this during the first few days of trading for Saudi Arabian Oil Co., which debuted on Riyadh’s stock exchange earlier this month. I’ve never been able to square Crown Prince Mohammed Bin Salman’s $2 trillion price tag for Saudi Aramco with the company’s financials; my last stab at valuation came in a bit below $1.5 trillion. So when it breached the prince’s price …read more […]
Airbus is on course to end 2019 with a rise in its order backlog after netting more sales than deliveries across its major products, a senior executive said on Wednesday, thanks partly to strong demand in Asia.
A Peruvian prosecutor’s office said it was investigating the death of two teenaged employees in a McDonald’s-branded restaurant in Lima, in an incident that has spurred protests against the fast-food giant in the South American nation.
Daimler AG’s Mercedes-Benz USA has agreed to a $20 million civil penalty over its handling of U.S. vehicle recalls after a year-long U.S. government investigation into 1.4 million recalled vehicles.
An SNC-Lavalin Group division will plead guilty to a fraud charge related to projects in Libya after an agreement with prosecutors, La Presse reported on Wednesday, in a case that engulfed Canadian Prime Minister Justin Trudeau’s government in crisis this year.
Oil prices steadied on Wednesday after U.S. government data showed a decline in crude inventories and on expectations for an uptick in demand next year on the back of progress in resolving the U.S.-China trade fight.
Shares of FedEx Corp fell nearly 10% on Wednesday after the world’s largest packaging company cut its 2020 profit forecast for the second time as it spends heavily to expand its online delivery business and battles slowing global trade.
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