Apple lifts Wall Street higher; Fed decision on the horizon
U.S. stocks rose on Wednesday on a boost from Apple’s upbeat earnings report, but a drop in chip stocks capped gains, while investors awaited a widely expected interest rate cut by the Federal Reserve.
U.S. Midwest manufacturing in contraction amid trade tension
Manufacturing industries in the U.S. Midwest tumbled into contraction territory in July as a deal on trade between China and the United States remained elusive, two private surveys showed on Wednesday.
Latest U.S.-China trade talks called ‘constructive’ by both sides
U.S. and Chinese negotiators wrapped up a brief round of trade talks on Wednesday that both sides described as “constructive,” including discussions over further Chinese purchases of American farm goods and an agreement to reconvene in September.
Facebook defeats appeal in U.S. claiming it aided Hamas attacks
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 goals.
BlackRock raises $2 billion for Global Credit Opportunities Fund
BlackRock Inc, the world’s largest asset management firm, said on Wednesday it had raised $2 billion for its flagship opportunistic credit fund, Global Credit Opportunities, reflecting investor demand for alternative investments.
Ryanair tells staff it has 900 more pilots and crew than needed
Ryanair has 500 more pilots and 400 more cabin crew than needed, and job losses will be announced in the coming weeks, Chief Executive Michael O’Leary told staff in a video message https://vimeo.com/350780012/5abde31242.
GE raises 2019 forecast but posts loss, shares fall
General Electric Co raised its 2019 forecast on Wednesday amid a modest improvement at some of its industrial units, but posted a net loss and stirred investor concerns, sending its shares lower.
China to buy more U.S. farm products, talks to resume in September: White House
China will ramp up purchases of American agricultural exports, a White House spokeswoman said on Wednesday after U.S.-China trade talks concluded in Shanghai, offering no other details.
Amazon buys Israeli startup E8 Storage: source
Amazon has bought Israeli storage technology startup E8 Storage, a source familiar with the deal said on Wednesday.
Wall St. rises at open on Apple boost; Fed in focus
U.S. stocks opened higher on Wednesday, lifted by Apple’s shares, as the iPhone maker’s upbeat earnings eased concerns over the impact of the U.S.-China trade war, while investors awaited an almost certain cut in interest rates by the Federal Reserve.
