U.S. stocks rose broadly on Wednesday following upbeat retail earnings from Lowe’s and Target, while investors awaited release of the Fed minutes for further clues on the path of future rate cuts.
U.S. stocks opened higher on Wednesday, as strong results from Lowe’s and Target boosted retailers, while investors awaited minutes from the Federal Reserve’s July policy meeting due later in the day.
German lender Commerzbank is considering closing some bank branches as it figures out a way forward after its talks to merge with rival Deutsche Bank collapsed earlier this year, people familiar with the matter said on Wednesday.
Investigators probing an engine explosion on an Air France A380 in 2017 are studying a possible manufacturing flaw with a key part in a move likely to trigger checks on dozens of Airbus superjumbos worldwide, people familiar with the matter said.
President Donald Trump on Wednesday continued to pressure the Federal Reserve and the central bank’s chairman to lower interest rates, saying its policies were hampering U.S. growth and reducing the country’s ability to compete economically.
U.S. homeowners filed the most applications to refinance their current mortgages in over three years as 30-year borrowing costs slipped to their lowest levels since late 2016, the Mortgage Bankers Association said on Wednesday.
Investigators probing an engine explosion on an Air France A380 in 2017 are studying a possible manufacturing flaw with a key part in a move likely to trigger checks on dozens of Airbus superjumbos worldwide, people familiar with the matter said.
Denmark’s financial watchdog has prepared a draft report to send to Danish police over Danske Bank’s overcharging of customers, a scandal that led to the dismissal of the bank’s former interim chief executive.
President Donald Trump on Wednesday continued to pressure the Federal Reserve and the central bank’s chairman to lower interest rates, saying its policies were hampering U.S. growth and reducing the country’s ability to compete economically.
Wall Street was set to open higher on Wednesday, as investors cheered upbeat earnings from Lowe’s and Target, while awaiting minutes from the Federal Reserve’s July policy meeting due later in the day.
Investigators probing an engine explosion on an Air France A380 in 2017 are studying a possible manufacturing flaw with a key part in a move likely to trigger checks on dozens of Airbus superjumbos worldwide, people familiar with the matter said.
Osram is likely to waive an agreement on Wednesday that currently prevents AMS from making a takeover bid, paving the way for the Austrian group to enter the ring against a bid from private equity investors, two sources told Reuters.
Amazon.com Inc on Wednesday launched its biggest campus in the world in the southern Indian city of Hyderabad, underscoring its expansion plans in the country that has been one of its fastest growing overseas markets.
Target Corp raised its annual profit forecast on Wednesday after reporting better-than-expected quarterly results as higher investments to remodel stores and beef up digital business drew in more shoppers, sending shares up 17%.
Healthcare giant Philips was warned of suspicious sales of its medical equipment to the Brazilian government, and failed to halt them, nearly a decade before an alleged bribery racket was exposed in the company’s Brazil operations last year, Reuters has learned.
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