Wall St. gains, U.S. Treasury yields fall after remarks by Fed’s Powell
Wall Street gained ground and U.S. Treasury yields fell on Wednesday after the Federal Reserve signaled a pause in the current easing cycle following the expected announcement of a rate cut.
MetLife quarterly profit more than doubles on derivative gains
U.S. insurer MetLife Inc on Wednesday reported third-quarter profit that more than doubled from a year earlier, largely because derivatives that the U.S insurer uses for hedging swung to net gains compared to a loss a year ago.
Lyft trumps revenue estimates as it attracts more riders
Ride-hailing company Lyft Inc blew past Wall Street estimates for third-quarter revenue on Wednesday, as promotions attracted more active users who also spent more per ride.
Facebook beats revenue, profit estimates, shares rise
Facebook Inc beat analysts’ estimates for quarterly revenue and profit on Wednesday, driven by a steady rise in advertising.
Peugeot board gives a green light to FCA talks: source
The supervisory board of Peugeot maker PSA on Wednesday gave Chief Executive Carlos Tavares the go-ahead to pursue a $50 billion merger with Italy’s Fiat Chrysler Automobiles NV , a source familiar with the matter said, moving the companies closer to …
Fiat Chrysler board approves moving forward with Peugeot merger: sources
Fiat Chrysler Automobiles NV’s board of directors has approved moving forward with talks to merge with French automaker Peugeot SA , a person familiar with the situation said on Wednesday.
Starbucks beats same-restaurant sales estimates
Starbucks Corp beat quarterly same-restaurant sales estimates on Wednesday, as the coffee chain’s loyalty program and new delivery options boosted demand and helped it fend off competition.
Chile cancels APEC trade summit and major climate gathering after riots
Chile withdrew on Wednesday as the host of an APEC summit next month at which the United States and China had been expected to sign a deal to ease a trade war that has hurt the global economy, as raging street protests gripped the South American countr…
U.S. Fed lowers interest rates, signals it is on hold
The Federal Reserve on Wednesday cut interest rates for the third time this year to help sustain U.S. growth despite a slowdown in other parts of the world, but signaled no further reductions ahead unless the economy takes a turn for the worse.
S&P closes at record on Fed bump
U.S. stocks advanced on Wednesday, with the S&P 500 closing at a record for the second time in three sessions, after a policy statement by the U.S. Federal Reserve that cut interest rates by a quarter of a percentage point.
