Workers at Chilean Walmart retailers strike over wages
As many as 17,000 workers at Walmart´s largest union in Chile walked off the job early Wednesday morning, demanding better salaries after negotiations over a new labor contract broke down earlier this week, the union’s president said.
American Airlines raises unit revenue forecast, shares rise
American Airlines Group Inc on Wednesday raised its estimate for second-quarter unit revenue as the grounding of Boeing Co’s MAX jets left the No. 1 U.S. carrier with fewer aircraft in service, allowing it to fly fuller planes.
Instant view: Powell – Fed stands ready to act “as appropriate” to sustain expansion
Concerns about trade policy and a weak global economy “continue to weigh on the U.S. economic outlook” and the Federal Reserve stands ready to “act as appropriate” to sustain a decade-long expansion, Fed Chairman Jerome Powell said on Wednesday in rema…
Fed’s Powell says trade, global growth concerns continue to weigh on U.S. economy
Concerns about trade policy and a weak global economy “continue to weigh on the U.S. economic outlook” and the Federal Reserve stands ready to “act as appropriate” to sustain a decade-long expansion, Fed Chairman Jerome Powell said on Wednesday in rema…
Deutsche Bank looks to boost wealth management as part of reinvention
With other parts of its business facing hefty cuts, Deutsche Bank wants to expand its European operations handling the assets of rich clients and take market share from rivals after staunching the outflow of assets.
American Airlines raises forecast for key revenue measure
American Airlines Group Inc on Wednesday raised its second-quarter forecast for unit revenue, a closely watched performance measure for carriers, as the grounding of Boeing Co’s 737 MAX jets reduced its overall fleet size.
Oil gains on U.S. inventory drawdown, Gulf of Mexico storm
Oil prices rose 2.5% on Wednesday after industry data showed U.S. inventories fell more than expected and as major U.S. producers evacuated rigs in the Gulf of Mexico before a storm.
Volvo solves autonomous revenue riddle with package deals
Swedish truckmaker AB Volvo’s first commercial autonomous truck deal shows how it is bundling services to generate revenue from a technology that is years away from wide deployment.
Futures slip ahead of Powell’s testimony
U.S. stock futures fell on Wednesday, as investors eyed Federal Reserve Chairman Jerome Powell’s remarks later in the day for clues on the central bank’s interest rate policy direction.
Sewing faces skeptical Deutsche Bank investors on revamp roadshow
Deutsche Bank investors will press Chief Executive Christian Sewing on how he will deliver on revenue growth targets during a global roadshow to win backing for his 7.4 billion euro ($8.4 billion) ‘reinvention’ plan.
