Business & Finance News
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.
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.
Workers at General Motors Co assembly plant in Oshawa, Ontario staged a sit-down protest that interrupted production for about two hours on Wednesday morning, a union spokeswoman said, following a similar protest late on Tuesday.
Volkswagen and Ford will unveil an expanded alliance during the Detroit auto show that goes beyond cooperating in the area of commercial vehicles, two sources familiar with the discussions said on Wednesday.
Volkswagen AG said on Wednesday it had hired an executive from Apple as a director responsible for technical development at its commercial vehicles division.
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