Business & Finance News
Oil futures fell near 4% on Wednesday in a wild swing, soaring close to a four-month high in early trade on an Iranian rocket attack on U.S. forces in Iraq but then retreating as the countries quickly ratcheted back tensions.
The S&P 500 and the Nasdaq hit record highs on Wednesday after President Donald Trump said there were no American casualties in the Iranian missile strikes and that Tehran appeared to be standing down, sparking a relief rally in markets.
The Trump administration on Wednesday will signal strong support for self-driving vehicles as it releases new guidance from federal agencies at the annual CES tech conference.
Macy’s Inc reported a small decline in holiday same-store sales on Wednesday, surprising investors who were bracing for a sharper drop following an earlier profit warning.
Kraft Heinz Co on Wednesday named Campbell Soup Co executive Carlos Abrams-Rivera as the leader of its U.S. business, the Heinz ketchup maker’s latest executive hire as it aims to revitalize its business after a troubling year.
Investors are worrying that rising energy costs, due to an escalating conflict between the United States and Iran that has caused a spike in oil prices, will hurt U.S. corporate earnings.
Carlos Ghosn, speaking publicly for the first since his dramatic escape from Japanese justice, told reporters in Beirut he had been treated “brutally” by Tokyo prosecutors and was the victim of a conspiracy to oust him from the helm of automaker Nissan.
Tokyo prosecutors struck back at ousted Nissan Motor boss Carlos Ghosn on Thursday, saying his allegations of a conspiracy between prosecutors and the automaker were false and that he had failed to justify his acts.
Kraft Heinz Co on Wednesday named Carlos Abrams-Rivera as the leader of its U.S. business in the food company’s first major executive change since August when it replaced finance chief David Knopf.
Carlos Ghosn, speaking publicly for the first since his dramatic escape from Japanese justice, told reporters in Beirut he had been treated “brutally” by Tokyo prosecutors he accused of conspiring with Nissan to oust him as head of the automaker.
Ousted Nissan boss Carlos Ghosn said on Wednesday he was ready to use his expertise if asked to help Lebanon, which is reeling from a deep economic and financial crisis.
McDonald’s Corp said on Wednesday it was nearly doubling the number of restaurants selling Beyond Meat vegan burgers in Canada, an expansion of its test of plant-based meat alternatives.
Fugitive former Nissan chief Carlos Ghosn said that he was brought down by a plot cooked up at the company, some of whose executives he named at a news conference in Beirut on Wednesday.
Carlos Ghosn, speaking publicly for the first since his dramatic escape from Japanese justice, told reporters in Beirut he had been treated “brutally” by Tokyo prosecutors he accused of helping Nissan to oust him as chairman.
Apple Inc’s news service has reached 100 million monthly active users and customers spent more than $1.4 billion in the App Store between Christmas and New Year, the latest signs of growing revenue from the iPhone maker’s services business.
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