Business & Finance News
Richard Liu, the billionaire chief executive of JD.com Inc , traveled to Minneapolis from China in late August for a doctor of business administration program at the University of Minnesota. It ended with an allegation of rape and a criminal investigation.
World stock markets climbed on Wednesday, with earnings and gains in tech stocks lifting shares on Wall Street, and oil rebounded from a steep sell-off as U.S. government data pointed to strong demand.
Oil prices rose almost $2 a barrel on Wednesday, bouncing from the lowest levels in months, after U.S. government data showed strong demand for refined fuel, but concerns remained over rising global crude supply.
Investors would normally be thankful for a strong U.S. economy, yet this holiday season they worry retailers may have to spend heavily to win, leaving shareholders with a lump of coal.
U.S. stocks recouped some losses on Wednesday after a brutal two-day selloff as strong earnings from Foot Locker and gains in technology stocks lifted investor sentiment ahead of the Thanksgiving holiday.
World stock markets and oil prices climbed on Wednesday, with earnings and gains in tech stocks lifting shares on Wall Street, while the euro rose on hopes Italy and the European Commission would reach a compromise on a dispute over Italy’s 2019 budget draft.
Germany’s Volkswagen has struck a deal with U.S. semiconductor maker Broadcom , ending a billion-dollar patent lawsuit that pitted the carmaker against its supplier, a source close to Volkswagen told Reuters on Wednesday.
The U.S. economy is expanding at a 2.5 percent annualized rate in the fourth quarter, based on data on durable goods orders and home resales in October, the Atlanta Federal Reserve’s GDPNow forecast model showed on Wednesday.
A new normal is taking root in U.S. stock markets, and the word that best sums it up starts with a “V”.
New York’s Department of Financial Services (DFS) will end a period of monitoring of Standard Chartered on Dec. 31, the DFS said on Wednesday, bringing to a close one strand of the bank’s punishment for past failings in compliance controls.
New orders for key U.S.-made capital goods were unexpectedly unchanged in October and shipments rebounded modestly, which could temper expectations of an acceleration in business spending on equipment early in the fourth quarter.
U.S. stocks recovered from a brutal two-day selloff on Wednesday as strong earnings from Foot Locker and gains in technology stocks lifted investor sentiment ahead of the Thanksgiving holiday.
Nissan wants more influence in its alliance with France’s Renault following the arrest of group Chairman Carlos Ghosn, arguing the structure does not adequately reflect the Japanese carmaker’s size and global sales.
The United States and China clashed on Wednesday at a World Trade Organization meeting with a U.S. envoy accusing Beijing of using the WTO to pursue “non-market” policies and a Chinese official saying it was Washington that was flouting the rulebook.
Oil prices rose more than 1 percent on Wednesday, recovering from the lowest levels in months, after U.S. government data showed strong demand for gasoline and diesel, but gains were limited by concern over rising global crude supply.
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