Wall Street climbs on Apple, Boeing results; Fed decision eyed
U.S. stocks jumped on Wednesday, as Apple led a rally in technology shares and Boeing boosted sentiment with an upbeat forecast ahead of the Federal Reserve’s monetary policy decision.
Boeing to decide in 2020 whether it will launch new mid-sized jet
Boeing Co said on Wednesday it would make a final launch decision in 2020 on its proposed new mid-sized jetliner, depending on the results of a round of commercial pre-marketing which it may begin this year.
Luxury stocks may yet lose luster despite China’s taste for Vuitton
Even if LVMH is right that Chinese demand is as strong as ever for items like its $3,150 Louis Vuitton mini-backpacks, there are still plenty of danger signs for luxury stocks this year, from slowing U.S. growth to a drop in Swiss watch exports.
J.P. Morgan sees Fed leaving $1 trillion in bank reserves
J.P. Morgan on Wednesday raised its estimate on the amount of excess reserves that the U.S. Federal Reserve would leave in the U.S. banking system to $1 trillion, double what it had previously projected.
Boeing shares soar on profit, aircraft forecast
Boeing Co raised its profit and cash flow expectations for 2019 on Wednesday, sending shares up more than six percent amid a boom in air travel and faster production, though it was still fighting supplier delays on its cash-cow 737 jetliners.
Oil gains 3 percent on tighter U.S. supply, Venezuela sanctions
Oil prices rose nearly 3 percent on Wednesday, boosted by U.S. government data that showed signs of tightening supply, as investors remained concerned about supply disruptions following U.S. sanctions on Venezuela’s oil industry.
McDonald’s delivers global growth as U.S. challenges persist
McDonald’s Corp’s strong performance outside the United States drove better-than-expected results in the final quarter of 2018, as it battled punishing competition at home with initiatives ranging from $1 coffees to Uber Eats deliveries.
McDonald’s expects labor costs, strong dollar to hit earnings this year
McDonald’s Corp expects earnings per share this year to be pressured by higher labor and restaurant remodeling costs and the impact of a stronger dollar, the fast-food chain said on Wednesday.
AT&T’s wireless customer growth slows, revenue misses estimates
AT&T Inc reported slower wireless customer growth and larger declines in its pay-TV business than Wall Street expected, sending its shares down 4 percent on Wednesday.
U.S. private payrolls rise strongly; housing market struggling
U.S. private payrolls increased solidly in January, pointing to sustained labor market strength despite a recent easing in consumer and business confidence that has suggested a loss of momentum in the economy.
