Business & Finance News
The U.S. Senate voted 85 to 14 on Wednesday to confirm Elad Roisman, President Donald Trump’s pick as commissioner to fill the vacant Republican seat atop Wall Street’s securities regulator.
Executives from Facebook Inc and Twitter Inc defended their companies to skeptical U.S. lawmakers on Wednesday over what many members of Congress see as a failure to combat continuing foreign efforts to influence U.S. politics.
Chinese billionaire Wang Jianlin’s real estate-to-media conglomerate Dalian Wanda Group is exploring a deal to cut its stake in AMC Entertainment Holdings Inc, the world’s largest cinema operator, people familiar with the matter said.
The United States and Canada reopened talks on Wednesday in a bid to salvage the North American Free Trade Agreement amid a threat by President Donald Trump to proceed alone with a new pact with Mexico.
The Nasdaq sank more than 1 percent on Wednesday, with social media companies leading technology stocks lower as Twitter and Facebook executives faced U.S. Congress over what lawmakers see as a failure to combat foreign efforts to influence U.S. politics.
American International Group Chief Executive Brian Duperreault said on Wednesday he sees “huge potential” within the insurer’s portfolio for use of a market in which investors trade assets tied to insurance liabilities.
The U.S. trade deficit rose to a five-month high in July, with the politically sensitive gap with China hitting a record high, which economists said could embolden the Trump administration to aggressively pursue its “America First” agenda.
U.S. oil producer ConocoPhillips is still awaiting payment from Venezuela on a $2 billion arbitration settlement reached last month with the country’s state-run PDVSA, Chief Executive Ryan Lance said on Wednesday.
Stock markets around the world fell on Wednesday and declines in emerging markets accelerated as a deadline in the U.S.-China trade conflict loomed and U.S.-Canada trade talks were due to resume.
Shares of Facebook Inc and Twitter Inc fell on Wednesday as their top executives testified before the U.S. Congress, defending the companies against what lawmakers see as a failure to combat continuing foreign efforts to influence U.S. politics.
Canadian Foreign Minster Chrystia Freeland said on Wednesday she looked forward to “constructive” discussions with U.S. Trade Representative Robert Lighthizer as the two resumed talks to try to resolve trade differences and agree on trilateral updates to the North American Free Trade Agreement.
American International Group Chief Executive Officer Brian Duperreault said on Wednesday he sees “huge potential” within the insurer’s portfolio for use of a market in which investors trade assets tied to insurance liabilities.
British asset manager Schroders expressed interest in buying CarVal Investors in May but the hedge fund that is owned by U.S. agri group Cargill said it was not for sale, a CarVal executive said.
U.S. President Donald Trump on Wednesday criticized Nike Inc for its new advertising campaign featuring Colin Kaepernick, the NFL quarterback who sparked controversy by kneeling during the national anthem.
Walmart Inc is testing whether independent drivers could deliver its groceries as the retailer races to meet its goal of offering home delivery to more than 100 U.S. cities by the end of the year.
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