S&P, Nasdaq edge higher as Wall Street shrugs off Fed minutes
The S&P 500 and the Nasdaq inched higher on Wednesday, as investors largely shrugged off benign U.S. inflation data and unsurprising minutes from the Federal Reserve’s March meeting.
U.S., China agree to establish trade deal enforcement offices: Mnuchin
The United States and China have largely agreed on a mechanism to police any trade agreement they reach, including establishing new “enforcement offices,” U.S. Treasury Secretary Steven Mnuchin said on Wednesday.
Palestinians condemn Airbnb about-face on delisting Israeli settlements
Airbnb’s decision not to go ahead with excluding Jewish settlements in the West Bank from its accommodation listings Palestinian condemnation on Wednesday and accusations that it was helping to perpetuate Israeli occupation.
Saudi Aramco says it raises $12 billion from bond issue
Saudi Aramco said on Wednesday that it raised $12 billion from its debut international bond issue, which was split into five tranches. The bonds have maturities ranging from three to 30 years.
U.S. lawmakers grill bank CEOs for the first time since financial crisis
Chief executives of some of the largest U.S. banks appeared before Congress on Wednesday, giving lawmakers their first opportunity to grill the lenders since the 2007-2009 financial crisis.
Oil jumps more than 1 percent as U.S. gasoline stock draw overshadows crude build
Oil prices rallied more than 1 percent on Wednesday after U.S. data showing a deep drawdown in gasoline stocks overshadowed crude inventories rising to 17-month highs, and as sanctions and blackouts in Venezuela helped tighten global supply.
S&P 500, Nasdaq edge higher on tech gains; Fed minutes awaited
Technology stocks lifted the S&P 500 and the Nasdaq on Wednesday, ahead of the release of the Federal Reserve’s minutes from its latest policy meeting, while a drop in Boeing shares kept the Dow lower.
U.S. transport chief defends FAA decision to not immediately ground Boeing 737 MAX
U.S. Transportation Secretary Elaine Chao on Wednesday defended the Federal Aviation Administration’s decision to not immediately ground the Boeing 737 MAX fleet after a deadly crash in March of an airplane in Ethiopia, the second in months.
Sunrise’s UPC deal faces hurdle as top shareholder blocks capital leeway plan
Sunrise Communications’ top shareholder on Wednesday blocked plans to extend the company’s right to issue fresh capital to 2021, complicating its bid to buy Liberty Global’s Swiss UPC cable business for $6.3 billion.
Airbus names ex Deutsche Telekom boss as next chairman
Airbus nominated a new German chairman on Wednesday as Frenchman Guillaume Faury prepared to become its chief executive, signaling that the Franco-German balance at its helm will extend through a sweeping management overhaul.
