Business & Finance News
U.S. President Donald Trump said he would consider working with Democrats to regulate social media companies, after he and other conservatives accused companies such as Twitter Inc, Facebook Inc and Alphabet Inc’s Google of allegedly stifling right wing views.
Most major stock markets rose on Wednesday after the U.S. midterm election divided control of Congress, while expectations of political gridlock in Washington weighed on the dollar.
Dish Network Corp beat Wall Street estimates for quarterly profit on Wednesday, as the U.S. satellite TV provider benefited from lower programming costs due to a blackout of Univision channels.
Italy’s antitrust said on Wednesday it was opening a probe against Ryanair and Wizz Air over their new hand luggage policies.
Samsung Electronics Co said on Wednesday it planned to invest $22 billion in artificial intelligence technology by 2020.
U.S. President Donald Trump said on Wednesday he would consider working with Democrats to regulate social media companies, several of which he has accused, without evidence, of being biased against him and other conservatives.
Michigan’s vote Tuesday to become the 10th U.S. state where the recreational use of cannabis is legal is adding more momentum to a trend that some investors now say is inevitable: that marijuana will become legal nationwide within the next 5 years.
U.S. stocks surged on Wednesday as investors piled into technology and healthcare sectors after midterm elections led to a divided Congress and fueled bets that tighter regulations in these sectors would be harder to push through.
Citibank will pay more than $38 million to the U.S. Securities and Exchange Commission (SEC) for abuse in handling American Depositary Receipts (ADRS), the regulator said in a statement on Wednesday.
Wells Fargo received a warning from the Office of the Comptroller of the Currency (OCC) in recent weeks related to its technology operations, the Wall Street Journal reported on Wednesday citing people familiar with the matter.
World stock markets climbed on Wednesday after the U.S. midterm election divided control of Congress, but the vote’s outcome, which cast doubt on further U.S. tax cuts, hit the dollar and sent Treasury yields lower.
Ryanair Holdings Plc and longtime Chief Executive Michael O’Leary have been sued in New York by a shareholder that said Europe’s largest airline defrauded investors and inflated its share price by overstating its ability to manage labor relations and keep costs down.
Healthcare stocks rallied on Wednesday, with U.S. health insurers reaching record highs as results of mid-term elections were seen reducing the likelihood of action to cut medical costs and programs in the world’s biggest and most profitable market.
Michael Kors shares slumped 16 percent on Wednesday as the fashion group missed Wall Street estimates for quarterly revenue, hurt by lower sales at its stores in Europe, where it is struggling to create a stronger luxury identity.
U.S. stocks surged on Wednesday, as investors piled into growth sectors such as technology and healthcare on relief that the outcome of the U.S. midterm elections was as expected.
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