Business & Finance News
Apple Inc is expected to launch three new iPhones on Wednesday and leaks from Apple website have so far suggested that they will be named XS Max for the top variant, XS for the next level model and Xr for the entry version.
The benchmark S&P 500 and the Dow Jones Industrial Average were flat on Wednesday, as gains in energy companies helped offset a slide in technology stocks, which weighed on the Nasdaq.
Citigroup Inc.’s chief financial officer said on Wednesday the bank expects to exceed its previous targets for returns on shareholder equity and cost savings, helped in part by tax reform.
Executives from AT&T Inc, Twitter Inc, Alphabet Inc’s Google, Amazon.com Inc, Apple Inc and Charter Communications Inc are scheduled to testify about consumer data privacy before a U.S. Senate panel on Sept. 26, according to a congressional statement.
Macy’s Inc said on Wednesday it would hire 5,500 more seasonal workers over last year at its online fulfillment centers to handle the expected avalanche of orders for the holiday season, as it fends off competition from Walmart and Amazon.
U.S. mortgage refinancing activity declined to its lowest level in more than 17-1/2 years last week as home borrowing costs rose, the Mortgage Bankers Association said on Wednesday.
The Dow Industrials and the S&P 500 opened flat on Wednesday as a rise in shares of energy companies helped offset losses in technology stocks, which weighed on the Nasdaq.
New York has overtaken London as the world’s most attractive financial center, a survey said on Wednesday, as Britain’s decision to leave the EU prompts banks to shift jobs out of the city to keep access to Europe’s single market.
U.S. producer prices unexpectedly fell in August, recording their first drop in 1-1/2 years, as declines in the prices of food and a range of trade services offset an increase in the cost of energy products.
U.S. stock index futures pointed to a flat open on Wednesday, held back by worries over the Sino-U.S. trade war, while Apple shares moved higher ahead of the expected launch of three new iPhone models.
FedEx Corp said on Wednesday it would hire about 55,000 workers and increase hours for some existing employees for the holiday shopping season as the U.S. package delivery company prepares to cater to the expected jump in shipments due to online shopping boom.
Macy’s Inc said on Wednesday it would hire 80,000 temporary workers to deal with extra customers shopping during the crucial holiday season.
U.S. producer prices unexpectedly fell in August, recording their first drop in 1-1/2 years, as declines in the prices of food and a range of trade services offset an increase in the cost of energy products.
Fresh sparring between Washington and Beijing over trade kept up pressure on world markets on Wednesday, with equities struggling and emerging currencies mostly weaker, led by the Indian rupee hitting a record low.
U.S. stock index futures were flat early on Wednesday, held back by worries over the Sino-U.S. trade war, while Apple shares moved higher ahead of the expected launch of new iPhone models.
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