Business & Finance News
Billionaire investor William Ackman’s hedge fund Pershing Square Capital Management made a new bet on Warren Buffett’s Berkshire Hathaway Inc , according to a regulatory filing made on Wednesday.
Fidelity Investments on Wednesday won its court battle with the U.S. Internal Revenue Service over tax credits for the production of chemically treated coal.
Wall Street sold off sharply on Wednesday, with the Dow registering its largest one-day point drop since October 2018 as investors were gripped by increased concerns about a recession after the U.S. Treasury yield curve temporarily inverted for the first time in 12 years.
Novartis AG said on Wednesday it replaced the two top research and development executives at its Avexis unit after some data was manipulated from early testing of a gene therapy for infants that costs more than $2 million.
The U.S. Treasury yield curve temporarily inverted on Wednesday for the first time since June 2007 in a sign of investor concern that the world’s biggest economy could be heading for recession.
Oil prices shed 3% on Wednesday after fresh Chinese and European economic revived global demand fears and U.S. crude inventories rose unexpectedly for the second week in a row.
Equity markets tanked and oil prices fell sharply on Wednesday after a closely watched bond indicator pointed to the growing risk of a U.S. recession that was heightened by data showing Germany’s economy in contraction and China’s worsening.
WeWork owner The We Company published detailed financial statements for the first time on Wednesday, revealing breakneck revenue growth and soaring losses, as it prepares for an initial public offering as early as next month.
Sierra Nevada Corp, a privately owned defense contractor with spaceflight ambitions, said on Wednesday it picked United Launch Alliance’s Vulcan rocket to launch its Dream Chaser space plane on cargo missions to the International Space Station.
Wall Street stumbled on Wednesday as investors fled equities for safe-haven assets, seeking shelter amid gathering signs that a recession could be on the horizon.
Osram and AMS said on Wednesday that talks about a takeover of the German lighting group by the Austrian sensor maker were progressing.
Austrian sensor specialist AMS plans to buy Osram Licht in a deal that would value the bigger, German group at 4.3 billion euros ($4.8 billion).
Ford Motor Co said on Wednesday it was extending warranties on clutch and related hardware in 560,000 Focus and Fiesta cars in the United States and Canada after reports of problems with their six-speed transmission.
With global markets flashing concern about the fallout from the U.S.-China trade war and the near-term strength of the American economy, U.S. President Donald Trump on Wednesday targeted Federal Reserve policy as the culprit for recent market turmoil.
The U.S. Treasury yield curve inverted on Wednesday for the first time since June 2007, in a sign of investor concern that the world’s biggest economy could be heading for recession.
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