Business & Finance News
The United States will not grant any more waivers to any countries that would allow them to buy Iranian oil without facing U.S. sanctions, a senior U.S. diplomat said on Wednesday.
U.S. stocks flitted between gains and losses on Wednesday, as investors assessed the latest developments on trade, ahead of a crucial round of talks between the United States and China.
Under political pressure not to cut jobs, General Motors Co announced on Wednesday it would maintain some operations at a Canadian factory, and U.S. President Donald Trump touted the automaker’s expected sale of its Lordstown, Ohio, plant to an electric truck-building company.
U.S. President Donald Trump said Wednesday that General Motors Co will sell its Lordstown, Ohio plant to a company to build electric trucks and will invest $700 million in three other Ohio facilities.
General Electric Co Chief Executive Larry Culp said on Wednesday the company will likely have weaker quarters the rest of the year after a surprisingly good start in the first quarter.
U.S. stocks flitted between gains and losses on Wednesday, as investors digested a mixed flow of news on trade, ahead of a critical round of talks between the United States and China.
U.S. President Donald Trump said on Wednesday he would be happy to keep tariffs on Chinese imports in place, adding that China was mistaken if it hoped to delay a trade deal with the United States until a Democrat controlled the White House.
Walmart Inc said on Wednesday it will raise the minimum age to purchase tobacco products, including e-cigarettes, to 21 across its U.S. stores starting July 1.
The United States has received an indication from China that Beijing wants to make a trade deal, White House spokeswoman Sarah Sanders told reporters on Wednesday, after Washington announced it will raise tariffs on $200 billion worth of Chinese imports.
General Electric Co Chief Executive Larry Culp said on Wednesday the company will likely have weaker quarters in the rest of the year after a surprisingly “good start” in the first quarter.
General Motors and the largest union representing Canada’s auto workers have reached a deal to partly rescue an auto plant in Ontario slated to close this year by converting it to a parts-stamping facility, a source familiar with the matter said on Wednesday.
Wendy’s Co on Wednesday reported quarterly revenue and profit above estimates, as the burger chain was helped by higher royalty fees from franchisees and its new premium burgers that come with avocado and bacon.
General Electric Co Chief Executive Officer Larry Culp said on Wednesday there are likely to be weaker quarters in the rest of the year after a surprisingly “good start” in the first quarter.
U.S. stocks were nearly flat in choppy trading on Wednesday, ahead of a crucial round of trade talks that will be held against the backdrop of additional tariffs on Chinese goods due later this week.
Thomson Reuters Corp on Wednesday reported stronger-than-expected quarterly profit, boosted by strong demand for information it sells to legal professionals, and reaffirmed its forecast for the rest of this year and 2020.
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