Business & Finance News
A major global stock index jumped to 5-1/2-month highs on Wednesday as optimism on the potential for U.S. trade deals cleared the path for technology stocks to resume their leadership mantle.
U.S. stocks rallied on Wednesday, with the S&P 500 and Nasdaq hitting all-time highs for the fourth session in a row, boosted by a jump in Amazon.com and Alphabet, and on optimism over trade talks between the United States and Canada.
Canadian Prime Minister Justin Trudeau said on Wednesday that it may be possible to reach a deal on NAFTA ahead of U.S. President Donald Trump’s Friday deadline.
U.S. economic growth was a bit stronger than initially thought in the second quarter, notching its best performance in nearly four years and putting the economy on track to hit the Trump administration’s goal of 3 percent annual growth.
Amundi , Europe’s largest asset manager, is betting the U.S. stock market’s rally will continue through the second half of this year, though a slowdown is coming and European markets may outperform in 2019 and 2020.
Canadian Foreign Minister Chrystia Freeland said on Wednesday she remained optimistic about progress on negotiations with the United States over a revamp of the North American Free Trade Agreement, but said there was a “huge amount of work to do.”
A U.S. judge has dismissed an antitrust lawsuit by investors that accused nine big banks of rigging the roughly $9 trillion government agency bond market from 2005 to 2015.
The S&P 500 and the Nasdaq hit all-time highs for the fourth session in a row on Wednesday, boosted by a jump in Amazon.com and Alphabet, and on optimism over trade talks between the United States and Canada.
Furniture retailer IKEA will shut three city center service and pick-up points in Norway as part of a drive to cut costs amid declining profits, the company said in a statement on Wednesday.
A major global stock index rose slightly on Wednesday after three straight days of strong gains as investors braced for news on the United States’ trade relations with Canada and China.
U.S. stocks rose slightly on Wednesday, lifted by technology stocks, though gains were limited as investors awaited progress on U.S.-Canada trade talks and eyed a deadline for consultations on the next round of China-U.S. tariffs.
Canada has three days to tackle contentious issues when it resumes talks with the United States on Wednesday to salvage the trilateral North American Free Trade Agreement amid signs Ottawa was open to taking a more conciliatory approach.
Dick’s Sporting Goods reported a bigger-than-expected drop in quarterly same-store sales on Wednesday and forecast further declines this year, hit by tighter gun controls and a drop in Under Armour sales.
Contracts to buy previously owned homes fell in July, continuing a general trend in recent months that reflects a lack of supply in the market.
The United States launched a complaint against Russia at the World Trade Organization on Wednesday, challenging a “special protective measure” imposed on U.S. imports in response to U.S. President Donald Trump’s tariffs on steel and aluminum.
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