Business & Finance News
U.S. stock indexes slid on Wednesday in a broad decline over concerns of a strengthening dollar, Turkey’s currency crisis and United States’ trade relations with its partners.
A federal judge rejected Exxon Mobil Corp’s motion to dismiss a securities suit alleging the company and top executives misled investors about the impact of climate change on its business.
Facing Turkey’s gravest currency crisis since 2001 in his first month in the job, Finance Minister Berat Albayrak has the daunting task of reassuring global investors that the economy is not hostage to political interference.
Financial Times Chief Executive John Ridding is to pay back some of his 2.6 million pound ($3.3 million) salary after a group of the newspaper’s reporters complained about his pay.
U.S. stock indexes slid on Wednesday in a broad decline over concerns of a strengthening dollar, Turkey’s currency crisis and United States’ trade relations with its partners.
Swiss authorities have halted registrations of some new Mercedes-Benz Vito and Porsche Macan and Cayenne vehicles which had diesel engines that disguised emissions levels, the Astra roads agency said on Wednesday.
Corona beer maker Constellation Brands will infuse another $4 billion into Canada’s top cannabis producer Canopy Growth , the biggest investment in the industry, to capitalize on booming demand for marijuana.
Equities around the world took a dive on Wednesday, with emerging market stocks set to confirm a bear market and the dollar hitting a 13-month high, while weakness in China’s yuan rattled investors’ nerves.
Swiss authorities have halted registering some new Mercedes-Benz Vito and Porsche Macan and Cayenne vehicles whose diesel engines were manipulated to cloak emissions levels, the Astra roads agency said on Wednesday.
Macy’s Inc on Wednesday said its gross margins would shrink in the fall season as delivery expenses rise, overshadowing a quarterly sales and profit beat and sending shares down more than 13 percent.
The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc regarding Chief Executive Elon Musk’s plans to take the company private and his statement that funding was “secured,” Fox Business Network tweeted https://twitter.com/CGasparino/status/1029740099339268096 on Wednesday, citing sources.
The three main U.S. stock indexes slid more than 1 percent on Wednesday in a broad decline over concerns about the strengthening dollar, Turkey’s currency crisis and United States’ trade relations with its partners.
The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc regarding its privatization plans and Chief Executive Officer Elon Musk’s statement “funding secured”, Fox News tweeted https://twitter.com/CGasparino/status/1029740099339268096 on Wednesday, citing sources.
Investors have told Uber Technologies Inc [UBER.UL] it would be wise to sell off its self-driving car unit after it racked up losses of $125 million to $200 million each quarter for the past 18 months, tech news site The Information reported on Wednesday, citing an unnamed person familiar with the issue.
U.S. stock indexes fell on Wednesday in a broad-based decline, hurt by concerns over the strong dollar and Turkey’s currency crisis, as well as the trade tensions with U.S. trading partners that have dominated the first half of 2018.
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