Business & Finance News
Wall Street’s major indexes rose on Wednesday after U.S. President Donald Trump said he hoped to reach a trade deal with Europe as he met with European Commission President Jean-Claude Juncker.
Global stocks extended their rally into a fourth consecutive day on Wednesday as investor optimism over corporate earnings trumped concern about the trade war.
Federal Communications Commission Chairman Ajit Pai said on Wednesday he stands by the decision to refer Sinclair Broadcast Group Inc’s $3.9 billion proposed acquisition of Tribune Media Co for review by an administrative law judge despite critical comments from U.S. President Donald Trump.
U.S. President Donald Trump and the European Union’s chief executive, Jean-Claude Juncker, both expressed a desire on Wednesday to cut tariffs and ease trade transatlantic trade tensions as a high-stakes White House meeting got underway.
Traders in the U.S. options market braced for a large near-term move in the shares of chipmaker Qualcomm Inc and NXP Semiconductors with hours to go before the deadline to get China’s nod for a $44 billion deal.
U.S. President Donald Trump said on Wednesday he hopes to work out a fair and reciprocal trade deal between the United States and Europe as he welcomed the head of the European Commission to the White House for talks.
The European Union’s chief executive was set to confront U.S. President Donald Trump on Wednesday over Trump’s efforts to impose car tariffs, with the high stakes meeting seen as a potential first step in launching more comprehensive trade talks.
The benchmark S&P 500 and the Nasdaq rose on Wednesday on gains in technology stocks, while Boeing’s disappointing results weighed on the Dow Jones Industrial Average.
A three-day world stock market rally threatened to stall on Wednesday as investors fretted over the impact of tariffs on corporate earnings and awaited a meeting between U.S. and European officials that could inflame a trade war.
Tariffs were partly to blame for lowered full-year forecasts by General Motors Co and Fiat Chrysler Automobiles NV (FCA) , pummeling the stocks of both automakers on Wednesday as investors feared escalating trade disputes would hurt margins and sales.
Sinclair Broadcast Group Inc and Tribune Media Co shares rose on Wednesday after U.S. President Donald Trump criticized the Federal Communications Commision for deferring a decision last week on their proposed $3.9 billion tie-up.
Coca-Cola Co topped Wall Street estimates for quarterly sales and profit on Wednesday, as more consumers bought its healthier soda options such as Zero Sugar and new flavors of Diet Coke, sending its shares up 2.7 percent.
Former Fiat Chrysler chief executive Sergio Marchionne, one of the auto industry’s most tenacious and respected auto chiefs, has died, succumbing to complications from surgery.
Trade tariffs were partly to blame for lowered full-year forecasts by General Motors Co and Fiat Chrysler Automobiles NV (FCA) on Wednesday, pummeling the stocks of both automakers as investors feared worse is yet to come.
The S&P 500 was flat on Wednesday as gains in technology shares offset weak earnings from Boeing, General Motors and AT&T, while investors eyed a meeting between President Donald Trump and head of the European Commission on trade.
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