U.S. consumer prices rise solidly, but underlying trend tame
U.S. consumer prices increased by the most in 14 months in March, but the underlying inflation trend remained benign amid slowing domestic and global economic growth.
Stocks, U.S. dollar inch higher on ECB stance
The U.S. dollar and world stock markets edged higher on Wednesday amid tame U.S. inflation data and as the European Central Bank left its ultra-easy policy stance unchanged but warned that economic risks remained to the downside.
Tech lifts S&P 500, Nasdaq ahead of Fed minutes; Boeing pressures Dow
Technology stocks lifted the S&P 500 and the Nasdaq higher on Wednesday but a fall in Boeing shares dragged the Dow lower, ahead of the release of the Federal Reserve’s minutes from its latest policy meeting.
Delta lifts 2019 revenue target as robust demand fuels quarterly beat
Delta Air Lines Inc on Wednesday lifted its 2019 revenue forecast after reporting better-than-expected quarterly profits, boosted by robust travel demand and a renewed agreement with credit-card issuer American Express Co.
Exclusive: U.S. bill to boost electric car tax credits could rev GM, Tesla
A bipartisan group of U.S. lawmakers introduced legislation on Wednesday to expand the electric vehicle tax credit by 400,000 vehicles per manufacturer, a provision that would give a boost to Tesla Inc and General Motors Co before the existing credit c…
Wife of ousted Nissan boss Ghosn return to Japan to testify: Nikkei
The wife of ousted Nissan boss Carlos Ghosn returned to Japan on Wednesday and intends to testify to Tokyo prosecutors, the Nikkei newspaper reported, days after she left the country to seek help from the French government.
Oil rallies as steep U.S. gasoline stock draw overshadows crude build
Oil prices rose on Wednesday after U.S. data showing a hefty drawdown in gasoline stocks overshadowed crude inventories rising to their highest levels in more than a year, and as sanctions and blackouts in Venezuela helped tighten global supply.
Bayer shareholder Deka joins chorus of complaints over Monsanto
One of Bayer’s largest shareholders tore into the company’s management on Wednesday for underestimating the legal risks of its takeover of Monsanto, setting the stage for a fiery annual general meeting after a 30 percent plunge in the shares.
Airbus chief says hopes Boeing and FAA can resolve 737 MAX crisis soon
Airbus outgoing chief executive Tom Enders expressed hopes Boeing and U.S. Federal Aviation Administration would soon resolve a crisis over the grounding of the 737 MAX and said the two planemakers stand together on safety.
S&P 500 flat ahead of Fed minutes
The S&P 500 was flat on Wednesday, as a drop in Boeing shares offset gains in the technology sector, while investors awaited minutes from the Federal Reserve’s latest policy meeting.
