Apple may steal Netflix streaming crown, but only for a year
Apple Inc’s move to offer a free TV+ subscription for a year with every new device may briefly crown the iPhone maker as the biggest streaming service by user numbers, leapfrogging Netflix Inc.
GM recalls 3.8 million vehicles in North America due to braking issue
General Motors Co said Wednesday it was recalling 3.46 million U.S. pickup trucks and SUVs to address a vacuum pump issue that could make braking more difficult and that has been linked to 113 accidents and 13 injuries.
Exclusive: Purdue Pharma nears partial opioid settlement, bankruptcy filing – sources
OxyContin maker Purdue Pharma LP is nearing a partial agreement to resolve widespread litigation over its alleged role in fueling the U.S. opioid crisis and plans to tussle with states opposing its settlement offer in bankruptcy proceedings starting as…
Wall Street rises on Apple, trade optimism
U.S. stocks rose on Wednesday, lifted by Apple a day after the launch of its latest iPhones and as China moved to ease trade tensions with the United States by exempting certain goods from additional retaliatory tariffs.
Analyst view: Negative rates? Not so fast, says Wall Street
U.S. President Donald Trump’s pining for negative rates was widely panned on Wall Street where strategists and traders said such a move would be unjustified and extreme, and not advisable based on the experience in other countries.
U.S. producer prices rise; Fed rate cut still expected
U.S. producer prices unexpectedly rose in August, but the overall trend in producer inflation remains tame, cementing financial market expectations that the Federal Reserve will cut interest rates again next week to support a slowing economy.
Trump reverses course, seeks negative rates from Fed ‘boneheads’
U.S. President Donald Trump on Wednesday called on the “boneheads” at the Federal Reserve to push interest rates down into negative territory, a move reluctantly used by other world central banks to battle weak economic growth that risks punishing sav…
Hong Kong Exchange makes surprise $39 billion offer for Britain’s LSE
Hong Kong Exchanges and Clearing made a surprise $39 billion takeover approach for the London Stock Exchange on Wednesday, aiming to sabotage the LSE’s acquisition of data company Refinitiv and create a global trading powerhouse.
Stocks climb on trade hopes, bond yields rise ahead of ECB
A gauge of global equity markets climbed on Wednesday, encouraged by signs of a thaw in the trade war between the U.S. and China, while bond yields rose as investors remained uncertain about how aggressive the European Central Bank will be in providing…
UK finance ministry to scrutinize Hong Kong Exchange $39 billion bid for LSE
Britain’s finance ministry has said it will scrutinize Hong Kong Exchanges and Clearing’s attempted takeover of the London Stock Exchange, after the Asian bourse made a surprise $39 billion approach on Wednesday.
