Business & Finance News
United Parcel Service Inc on Wednesday said it is ordering 10,000 electric delivery trucks from the UK-based Arrival Ltd and teaming with self-driving startup Waymo as package carriers work to cut costs and tail pipe pollution.
Lyft Inc said on Wednesday it had cut about 2% of its workforce, or 90 jobs, as the ride-hailing company seeks to achieve its goal of profitability by the end of 2021.
The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with the head of the U.S. central bank pointing to continued moderate economic growth and a “strong” job market, and giving no sign of any imminent changes in borrowing costs.
Oil prices were mixed on Wednesday as worries about the coronavirus outbreak and swelling U.S. crude inventories weighed on prices, counter-balanced by talk that OPEC could extend oil output cuts.
Alphabet Inc’s Google is temporarily shutting down all its offices in China due to the outbreak of a new coronavirus in the country, technology website The Verge reported on Wednesday.
Global equity markets edged higher on Wednesday on strong results from Apple and others but concerns about the coronavirus outbreak in China kept a safe-haven bid in gold and the dollar alive.
British Airways has suspended all direct flights to and from mainland China, one of the biggest names in aviation to do so, as worries grow about the impact of the spreading coronavirus on global travel.
The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with officials pointing to continued moderate U.S. economic growth and a “strong” job market.
The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with officials pointing to continued moderate U.S. economic growth and a “strong” job market.
General Electric Co sold more investors on its turnaround story on Wednesday, sending shares 10% higher on its quarterly profit and cash results that beat forecasts, and its bullish cash target for 2020.
Royal Dutch Shell said on Wednesday director Euleen Goh would take over as its deputy chair from May 20.
KLM, the Dutch arm of Air France KLM, will scrap some flights to China due to the coronavirus outbreak in the North Asian country, it said late on Wednesday.
Boeing Co on Wednesday swung to its first annual loss since 1997 as 737 MAX costs doubled to nearly $19 billion, and the plane manufacturer indicated it would again cut production of its bigger 787 Dreamliner aircraft, currently its main source of cash.
Lyft Inc plans to announce a restructuring that will result in job cuts, the New York Times reported on Wednesday, citing two people with knowledge of the matter.
U.S. stock indexes rose on Wednesday, boosted by shares of Apple, Boeing and General Electric following their results, while investors assessed the economic damage of the fast-spreading coronavirus outbreak.
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