Business & Finance News
The U.S. trade deficit fell to an eight-month low in February as imports from China plunged, suggesting President Donald Trump’s “America First” agenda was starting to bear fruit.
U.S. stocks gave up early gains to trade marginally lower on Wednesday, as healthcare stocks continued a decline from the previous session, countering a rally in chipmakers led by Qualcomm and robust economic data out of China.
Planes, tractors, food and handbags featured on a list of U.S. imports worth $20 billion that the European Union on Wednesday said it could hit with tariffs in a transatlantic aircraft subsidy dispute.
Volkswagen’s Slovak unit pledged on Wednesday to increase efficiency by 30 percent by 2020 to get ahead of the company-wide savings drive as it seeks to raise its competitiveness within the group.
The major drivers of high U.S. corporate profit margins are unsustainable and “now under threat”, which will eventually result in much lower equity prices, Bridgewater Associates, the world’s largest hedge fund, said on Wednesday in a report.
Bill Browder, an investor who campaigns to expose corruption, has taken a criminal complaint against Swedbank to Latvian authorities, alleging it was involved in a Russian money laundering scandal.
Aeva Inc, a startup company founded by former Apple Inc and Nikon Corp engineers, has signed a sensor-system deal with an Audi-owned unit that is working on self-driving technology for Volkswagen AG.
U.S. stocks opened higher on Wednesday, as upbeat economic data from China and a jump in Qualcomm shares sparked gains in chipmakers, with sentiment also lifted by largely positive earnings reports.
Applications to U.S. lenders seeking loans to buy a home climbed to their highest level in almost nine years last week even as mortgage rates increased for a second week, the Mortgage Bankers Association said on Wednesday.
The U.S. trade deficit fell to an eight-month low in February as imports from China plunged, suggesting President Donald Trump’s “America First” agenda was starting to bear fruit.
Bank of New York Mellon Corp said it expects net interest revenue to fall between 3 and 5 percent in the second quarter, compared with the first, mostly due to higher interest paid on deposits.
Cessna business jet maker Textron Inc reported a higher-than-expected quarterly profit on Wednesday, benefiting from robust aircraft deliveries, sending its share up 1.6 percent in early trading.
Textron Inc said on Wednesday it expects the final certification of its newest Longitude business jet in the second quarter of 2019, after it was delayed for several months.
Google and Amazon will have to tell companies how they rank products on their platforms while Facebook and other tech firms will have to be more transparent about their terms and conditions under new EU rules approved on Wednesday.
The U.S. trade deficit fell to an eight-month low in February as exports to China surged, helping to eclipse a rebound in overall imports, which could boost economic growth estimates for the first quarter.
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