Business & Finance News
Global equities advanced on Wednesday for a fourth-straight day of gains as Apple’s strong results soothed concerns about earnings growth and the dollar dipped after some disappointing data ahead of a Federal Reserve policy statement.
The S&P 500 index notched a fresh record high on Wednesday, as gains in Apple Inc’s shares after forecast-beating results powered a rally in technology stocks ahead of the Federal Reserve’s latest policy announcement.
CVS Health Corp on Wednesday raised its full-year profit forecast and reported first-quarter earnings that topped Wall Street estimates due to growth in its Aetna health insurance business, and as drug prices fell within its expectations.
Yum Brands Inc reported quarterly earnings and same-store sales above Wall Street estimates on Wednesday, as KFC recorded its best growth in three years, but weaker-than-expected growth at Taco Bell weighed on the company’s shares.
U.S. manufacturing activity slowed more than expected in April amid a sharp drop in orders and construction spending fell in March, suggesting a moderation in economic growth.
The S&P 500 index notched a fresh record high on Wednesday, as gains in Apple Inc’s shares after forecast-beating results powered a rally in technology stocks ahead of the Federal Reserve’s latest policy announcement.
U.S. private employers added 275,000 jobs in April, well above economists’ expectations and the most since last July, supporting the view of a solid domestic labor market, a report by a payrolls processor showed on Wednesday.
Toyota Motor Corp on Wednesday reported a 4.4 percent fall in U.S. sales in April, hurt by slack demand for its sedans, including Corolla and Prius.
Apple Inc shares rose almost 5 percent on Wednesday, pushing the iPhone maker’s market valuation back towards $1 trillion as its quarterly report and upbeat forecast calmed investors worried about slowing growth.
Fiat Chrysler Automobiles NV on Wednesday reported a 6 percent fall in U.S. sales in April, hurt by lower demand for its Jeep SUVs and Dodge sedans.
The S&P 500 index opened at an all-time high on Wednesday, as gains Apple Inc’s shares after its stellar results and forecast powered a rally in technology stocks ahead of the Federal Reserve’s latest policy announcement.
Walmart Inc-owned e-commerce firm Flipkart is in talks to buy Indian grocery chain Namdhari’s Fresh, CNBC-TV18 reported on Wednesday, citing sources.
E-commerce giant Amazon has reached out to Israeli retailers to enable them to sell directly to customers in Israel using its online platform.
Alphabet Inc’s Google, the largest U.S. digital advertising platform, is facing increased competition from sites where people purchase products and places thought to be safe from potentially offensive content, advertising buyers say.
Wall Street’s main indexes were set to open higher on Wednesday, as Apple Inc’s stellar results and forecast calmed concerns over slowing growth in corporate profits in the run up to the Federal Reserve’s latest policy announcement.
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