Business & Finance News
Uber Technologies Inc fell as much as 9% to a record low on Wednesday after shares held by early investors became available for sale following a six-month restriction since the ride-hailing company’s initial public offering.
The S&P 500 and Dow Jones indexes opened near record highs on Wednesday, as a largely upbeat corporate earnings season and optimism around a U.S.-China trade truce drive a Wall Street rally.
Wall Street’s main indexes were set to open near record highs on Wednesday, as a largely upbeat corporate earnings season and optimism around a U.S.-China trade truce drive a rally in stocks.
Apple Inc on Wednesday published four new papers outlining technical details of how some of the privacy features in its most recent operating systems work.
Oil prices fell on Wednesday, pulled down by a larger-than-expected build in U.S. crude stocks and weak euro zone economic figures, after gaining for three sessions on expectations of an easing in U.S.-China trade tensions.
Competition in Egypt’s ride-hailing and tech-enabled transport market is heating up as rivals from global giant Uber to smaller local firms vie for a slice of the Middle East’s largest market.
CVS Health Corp posted better-than-expected quarterly profit and revenue on Wednesday, boosted by its Aetna health insurance and pharmacy benefits management units, prompting it to raise its 2019 earnings forecast.
Wall Street was on course to open close to record highs on Wednesday as investors digested a corporate earnings season that has seen the bulk of U.S.-listed firms best analysts’ expectations, funding another round of stock market gains.
A strike by Lufthansa cabin crew over two days this week will result in the cancellation of 1,300 flights and affect 180,000 passengers, the German carrier said on Wednesday.
Papa John’s International Inc said on Wednesday its finance head would leave the company next year amid a raft of top level changes as new Chief Executive Officer Rob Lynch tries to turn around the pizza chain.
Facebook Inc began cutting off access to user data for app developers from 2012 to squash potential rivals while presenting the move to the general public as a boon for user privacy, according to court documents reviewed by Reuters.
The New York Times Co beat third-quarter profit estimates on Wednesday, as more people signed up for the newspaper’s digital subscription, priced as low as $2 a week.
Global stock markets steadied after a three-day rally on Wednesday as traders continued to watch incoming economic data and awaited new developments from U.S.-China trade talks.
Capri Holdings Ltd missed Wall Street estimates for quarterly profit on Wednesday, as protests in Hong Kong and negative Chinese consumer reaction to an ‘incorrectly labeled’ T-shirt hurt sales of its Versace brand.
A big oil spill from the Keystone Pipeline in North Dakota last week has hardened opposition to the controversial Keystone XL expansion among landowners along its route, who say they hope to use the incident to help block or stall the project in court.
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