Oil steady a day after big gain; rising U.S. fuel stocks weigh
Oil prices steadied on Wednesday after a 3 percent rise during the previous session, after data showed growing U.S. refined product inventories and record crude production, which could undermine global efforts to support prices.
Goldman dealmakers shine in Solomon’s maiden quarter
Goldman Sachs Group Inc turned in a better-than-expected profit during David Solomon’s first quarter at the helm, helped by dealmakers in the division the new chief executive once oversaw.
PG&E to get pulled out of S&P 500, shares near 2001 lows
** Embattled power utility company PG&E Corp will be replaced by healthcare equipment maker Teleflex Inc in the S&P 500 on Friday
IAC sues Tinder co-founder over businesss documents, esclating court fight
Online dating company Match Group Inc and its owner IAC/InterActiveCorp has filed a lawsuit accusing Sean Rad, a former employee known for co-founding the popular dating service Tinder, of stealing company files and other proprietary information.
Goldman Sachs CEO apologises for ex-banker’s role in 1MDB scandal
Goldman Sachs Group Inc Chief Executive Officer David Solomon on Wednesday apologised to the Malaysian people for former banker Tim Leissner’s role in the sovereign wealth fund 1MDB scandal, but said the bank had conducted due diligence before every tr…
Businesses cry out for Brexit clarity, warn of no-deal chaos
Business leaders in Britain and beyond warned on Wednesday of catastrophic job losses and chaos at ports if the country does not agree a European Union withdrawal, turning up the heat on politicians to deliver clarity.
Better later: FX options signal more pound strength on Brexit delay signs
Hard Brexit, soft Brexit, no Brexit – or maybe just later Brexit?
Gains in Goldman, BofA send Wall Street to four-week high
Bank shares drove Wall Street’s main indexes to a one-month high on Wednesday after strong earnings from Bank of America and Goldman Sachs, with a multi-billion dollar deal in the fintech sector also helping a risk-on sentiment.
World stocks rise; sterling up ahead of May vote
Major world stock indexes rose on Wednesday, with the S&P 500 supported by gains in U.S. bank stocks after strong earnings, while the pound edged up ahead of a no-confidence vote in British Prime Minister Theresa May’s government.
Oil falls, weighed by rising U.S. fuel stocks, crude output
Oil prices edged lower on Wednesday after data showed growing U.S. refined product inventories and record crude production, which could undermine global efforts to support prices.
