Stocks around the world extended recent gains and oil prices jumped on Wednesday on optimism that the United States and China may be inching toward a trade deal, soothing fears of an all-out trade war and its possible impact on global growth.
The industrial situation in Airbus aircraft factories is returning to normal after a series of delays, the company’s plane-making chief said on Wednesday.
Qualcomm Inc has responded to comments made by Apple Inc Chief Executive Tim Cook in an interview, in which he said there had been no recent settlement talks between the iPhone maker and chip supplier in their global legal battle, calling Cook’s remarks “misleading.”
U.S Federal Reserve policymakers can wait on any further interest rate hikes until they have a better handle on whether growing risks will undercut an otherwise solid U.S. economic outlook, several policymakers said on Wednesday.
U.S. short-term interest-rate futures rose slightly on Wednesday just after minutes from the Federal Reserve’s most recent meeting showed policymakers want to be patient about further rate hikes.
Wall Street rallied for a fourth session on Wednesday, led by Apple, chipmakers and other trade-sensitive stocks, after signs of progress in trade talks between the United States and China.
Volkswagen AG and Ford Motor Co will unveil a deeper alliance next week that goes beyond cooperating in commercial vehicles in a move meant to save the automakers billions of dollars as they develop new technologies, two people familiar with the plan said on Wednesday.
Custodian bank State Street Corp plans to lay off 15 percent of its senior management, Bloomberg reported on Wednesday, citing people familiar with the matter.
Europe’s Airbus lost out to Boeing in 2018, breaking a five-year winning streak against its U.S. rival for the number of jet orders, slumping to its lowest share of the $150 billion jet market in six years, data showed on Wednesday.
Lennar Corp said on Wednesday it was seeing an improvement in home sales in its new fiscal year as mortgage rates start to ease, allaying concerns of a slowdown in the broader U.S. housing market.
Oil prices jumped more than 4 percent on Wednesday as the extension of U.S.-China talks raised hopes of easing trade tensions between the two superpowers, while OPEC-led crude output cuts also provided support.
Toyota Motor Corp said Wednesday it is recalling another 1.7 million vehicles worldwide for potentially faulty Takata air bag inflators as part of a multi-year industry recall campaign announced in 2016.
U.S.-China trade talks ended on Wednesday with negotiators focused on Beijing’s pledge to buy “a substantial amount” of agricultural, energy and manufactured goods and services from the United States, the U.S. Trade Representative’s office said.
Volkswagen and Ford will unveil a deeper alliance during the Detroit auto show that goes beyond cooperating in the area of commercial vehicles, two sources familiar with the plan said on Wednesday.
Another clutch of U.S. Federal Reserve policymakers said on Wednesday they would be cautious about raising interest rates without getting better a handle on how growing risks to an otherwise solid U.S. economic outlook could play out.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
