Business & Finance News
Bitcoin was heading toward a year-on-year loss on Wednesday, its 10th birthday, the first loss since last year’s bull market, when the original and biggest digital coin muscled its way to worldwide attention with months of frenzied buying.
U.S. stock index futures rose on Wednesday, setting Wall Street on course for a second day of gains at the end of a brutal month, as Facebook led a slew of encouraging earnings reports.
Yum Brands Inc beat Wall Street estimates for third-quarter revenue and profit on Wednesday, as strong sales at KFC and Taco Bell more than made up for further weakness at Pizza Hut, sending its shares up more than 4 percent.
General Motors Co on Wednesday posted far higher-than-expected quarterly profit and said its full-year earnings would come in at the high end of its forecast due to strong demand in North America, driven by its new pick-up trucks.
General Motors Co on Wednesday posted far stronger-than-expected quarterly profit and said its full-year earnings forecast would come in at the high end of its forecast due to strong demand in North America, driven by its new pick-up trucks.
Airbus faces new headaches delivering A330s to airlines tied to China’s HNA Group amid scarce financing and is in separate talks with Emirates over the timing of undelivered A380 superjumbos as it tries to soften the decline of two key long-haul models.
Stock markets bounced on Wednesday, bringing some relief after a brutal October in which equities have suffered one of their worst drops in a decade and spooked investors.
Anthem Inc reported quarterly profit that beat Wall Street estimates on Wednesday, helped by lower costs at its commercial insurance business and the company raised its full-year adjusted earnings forecast.
General Motors Co on Wednesday posted far stronger-than-expected quarterly profit and said its full-year earnings forecast would come in at the high end of its forecast due to strong demand in North America.
Honda Motor Co’s joint venture with GAC Group will invest 3.27 billion yuan ($469 million) in new-energy vehicle production in China, GAC said in a stock exchange filing on Wednesday.
Yum Brands Inc’s third-quarter revenue beat Wall Street estimates on Wednesday, as more people visited its KFC and Taco Bell chains.
Gridlock, Blue Sweep or Red Repeat? Wall Street is closely watching the U.S. midterm Congressional elections next week, as policy decisions that could sway the economy, corporate decision-making and consumer spending hinge on the results.
Anthem Inc reported quarterly profit that topped analysts’ estimates on Wednesday on lower medical costs and the No.2 U.S. health insurer raised its full-year adjusted earnings forecast.
SoftBank Group Corp has hired a Time Warner executive and former lawyer in the Clinton administration to spearhead its global communications strategy as the company transforms into one of the world’s largest technology investors.
Alternative asset manager Carlyle Group LP on Wednesday missed estimates for earnings per unit for the third quarter, as the value of its private equity investments rose less than that one of its key rivals.
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