Crypto startup AriseBank settles fraud accusations with SEC
Cryptocurrency startup AriseBank will pay $2.3 million to the U.S. Securities Exchange Commission (SEC) to settle accusations of defrauding investors through claims such as building a cryptocurrency bank.
North America to weigh on Under Armour’s 2019 revenue growth, shares slide
Sportswear maker Under Armour Inc on Wednesday forecast 2019 revenue growth and profit below Wall Street estimates on expectations of flat sales in North America, triggering a 11 percent drop in its shares.
Trade thaw lifts stocks, sterling rises on May bets
A gauge of global stock markets rallied along with U.S. Treasury yields on Wednesday as optimism abounded for a trade thaw between the United States and China while sterling bounced on indications UK Prime Minister Theresa May would survive a no-confid…
China’s Tencent Music debut strikes a chord with investors
Shares of China-based music streaming company Tencent Music Entertainment Group rose in their U.S. debut on Wednesday, as investors shrugged off volatile markets to grab a piece of the fast-growing music streaming industry.
With stock riding tailwind, United Airlines CEO doubles down on growth strategy
With many rival airlines scaling back plans to add travel routes and seats in a bid to protect margins, Oscar Munoz is taking United Airlines in a different direction.
Trade talk lifts stocks, sterling rises on May bets
A gauge of global stock markets rallied along with U.S. Treasury yields on Wednesday as optimism abounded for a trade thaw between the U.S. and China while sterling bounced on bets that UK Prime Minister Theresa May would keep her job.
Wall Street rises on U.S.-China trade optimism
U.S. stocks were up 1 percent on Wednesday afternoon, though well below their session highs, as investors were hopeful about U.S.-China trade relations after the latest comments from both sides and eyed some reassuring signs in British politics.
FCC considers ending merger ban among broadcast networks
The Federal Communications Commission on Wednesday voted to open a new review of U.S. media ownership rules and seek comments on whether the government should end a prohibition on mergers among the four largest broadcast networks.
Norfolk Southern moves headquarters to Atlanta
Norfolk Southern Corp said on Wednesday it would shift its headquarters to Atlanta from Virginia, tapping a major hub for transportation.
Exclusive: China makes first major buy of U.S. soybeans since Trump-Xi meet
China on Wednesday bought at least 500,000 tonnes of U.S. soybeans in its first major purchase of the oilseed since U.S. President Donald Trump and his Chinese counterpart Xi Jinping struck a trade war truce earlier this month, traders said.
