Wall Street extends rally, elevated by Apple and chipmakers
Wall Street rallied for a fourth session on Wednesday, led by Apple, chipmakers and other trade-sensitive stocks, after signs of progress in trade talks between the United States and China.
Apple, Qualcomm spar over CEOs’ comments on settlement talks
Qualcomm Inc has responded to comments made by Apple Inc Chief Executive Tim Cook in an interview, in which he said there had been no recent settlement talks between the iPhone maker and chip supplier in their global legal battle, calling Cook’s rema…
Stocks rise on U.S.-China trade hope; oil prices soar
Stocks around the world extended recent gains and oil prices jumped on Wednesday on optimism that the United States and China may be inching toward a trade deal, soothing fears of an all-out trade war and its possible impact on global growth.
Airbus plane-making chief says factory problems easing after delays
The industrial situation in Airbus aircraft factories is returning to normal after a series of delays, the company’s plane-making chief said on Wednesday.
Traders keep bets against further Fed rate hikes
U.S. short-term interest-rate futures rose slightly on Wednesday just after minutes from the Federal Reserve’s most recent meeting showed policymakers want to be patient about further rate hikes.
VW, Ford to reveal deeper alliance next week: sources
Volkswagen AG and Ford Motor Co will unveil a deeper alliance next week that goes beyond cooperating in commercial vehicles in a move meant to save the automakers billions of dollars as they develop new technologies, two people familiar with the plan…
Fed may still need to hike rates twice this year: Rosengren
A top Federal Reserve official said on Wednesday the U.S. central bank may still need to raise interest rates a couple times this year, although he said he could not rule out the possibility that the Fed might actually have to ease policy.
State Street plans to lay off 15 percent of senior management: Bloomberg
Custodian bank State Street Corp plans to lay off 15 percent of its senior management, Bloomberg reported on Wednesday, citing people familiar with the matter.
Airbus loses to Boeing in annual jet order race
Europe’s Airbus lost out to Boeing in 2018, breaking a five-year winning streak against its U.S. rival for the number of jet orders, slumping to its lowest share of the $150 billion jet market in six years, data showed on Wednesday.
Lennar says home sales improving as mortgage rates ease
Lennar Corp said on Wednesday it was seeing an improvement in home sales in its new fiscal year as mortgage rates start to ease, allaying concerns of a slowdown in the broader U.S. housing market.
