Facebook defeats appeal in U.S. claiming it aided Hamas attacks in Israel
Facebook Inc on Wednesday defeated an appeal by American victims of Hamas attacks in Israel, who sought to hold the company liable for providing the group a social media platform to further its terroristic goals.
GE’s Baker Hughes beats estimates on international demand, LNG drilling
General Electric Co’s oilfield services arm, Baker Hughes, beat quarterly profit estimates on Wednesday, driven by higher LNG drilling and demand for its oilfield services in international markets, sending its shares up nearly 6%.
Wall Street flat ahead of Fed rate decision
U.S. stocks were little changed on Wednesday as investors awaited a widely anticipated interest rate cut by the Federal Reserve and clues on whether it would inaugurate further monetary easing.
U.S. wage inflation moderate, Midwest manufacturing slumps
U.S. labor costs rose at their slowest pace in 1-1/2 years in the second quarter, the latest sign of benign inflation that enabled the Federal Reserve to cut interest rates on Wednesday for the first time since 2008.
Oil rises as U.S. crude stocks fall, market awaits U.S. Fed rate cut
Oil prices rose for a fifth day on Wednesday, supported by a larger-than-expected drop in U.S. inventories and investor expectations that the U.S. Federal Reserve will lower borrowing costs for the first time in more than a decade.
Explainer: What do you do after a data breach?
A hacker has stolen the personal information of over 100 million people from Capital One Financial Corp , the company said this week, in the latest high-profile breach of sensitive consumer data.
Devil in the data as funds call for scrutiny of LSE’s Refinitiv deal
Some trading and investment firms are calling for competition regulators to scrutinize London Stock Exchange’s proposed $27 billion takeover of financial information provider Refinitiv to prevent further market data price hikes.
Traders on tenterhooks ahead of Fed verdict; pound rebounds
The dollar index was flat on Wednesday while the pound bounced back from a ‘no-deal Brexit’ slump, with oil up for a fifth day and stocks little changed ahead of a highly anticipated statement from the U.S. central bank.
Italy’s UniCredit says carrying out own probe in relation to Capital One data breach
Italy’s biggest bank by assets UniCredit said on Wednesday it was carrying out its own investigation in relation to a major data breach at capital one Financial Corp.
WeWork hosts analysts before IPO; debt, lease obligations in focus
Wall Street banks are set to grill WeWork on its finances on Wednesday as it prepares to publicly sell stock for the first time, possibly in September, a sale that will create a benchmark for the rapidly expanding flexible office industry.
