Business & Finance News
Sales of new U.S. single-family homes rebounded in August after two straight monthly declines, but the underlying trend still pointed to a weakening housing market against the backdrop of rising mortgage rates and higher home prices.
Canadian Prime Minister Justin Trudeau on Wednesday said he would not be rushed into renewing NAFTA and indicated it was possible the three member nations might fail to conclude a new pact.
With the Federal Reserve widely expected to raise interest rates on Wednesday, financial markets are focused on whether signs of an acceleration in U.S. economic growth will prompt the central bank to ramp up the pace of monetary policy tightening.
Ford Motor Co Chief Executive Officer James Hackett said on Wednesday that metals tariffs are costing the carmaker $1 billion.
Ford Motor Co Chief Executive Officer James Hackett said on Wednesday that metal tariffs cost the carmaker $1 billion.
Britain faces a permanent debate over whether to copy or diverge from European Union financial rules after Brexit, a top UK lawmaker said on Wednesday in comments likely to prolong uncertainty for banks.
U.S. stocks opened slightly higher on Wednesday ahead of a widely expected Federal Reserve interest rate hike, with investors focusing on the central bank’s steer on the pace of monetary tightening.
With its stock trading near a 6-year low late last month, Ford Motor Co CEO Jim Hackett gathered the automaker’s top 300 executives near its headquarters in Michigan for a global leadership meeting.
Amid all the brickbats thrown at one of the longest bull markets in history, the remarkable buoyancy of world equity prices may simply be down to a shortage of shares.
Shares of Nike Inc fell 3 percent on Wednesday as the world’s largest sportswear maker stuck to its full-year forecast even after sales got a boost from a controversial ad campaign featuring former NFL player Colin Kaepernick.
JPMorgan Chase & Co is expanding the reach and funding of a group established to promote women working inside the bank to also help female clients, including entrepreneurs and individuals.
Hyatt Hotels Corp plans to more than double its hotels in Africa by 2020 to capitalize on improved travel links and robust economic growth that is boosting demand for rooms, the company’s regional vice president said on Wednesday.
A Chinese equity bounce set a modestly positive tone for world stocks on Wednesday as bets that Beijing would expand stimulus to support its economy helped offset some of the worries about global trade tensions and $80-a-barrel oil.
The $40 billion takeover of British broadcaster Sky and other new deals in Europe have broken a summer lull to bolster investor optimism over an M&A revival in the region.
Merck & Co Inc’s Kenneth Frazier will stay on as chief executive beyond 2019, the drugmaker said on Wednesday, after it scrapped a policy requiring its CEO to retire at the age of 65.
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