Stocks rise on tech strength; oil bounces back from rout
World stock markets climbed on Wednesday, with earnings and gains in tech stocks lifting shares on Wall Street, and oil rebounded from a steep sell-off as U.S. government data pointed to strong demand.
Oil rebounds after prior session’s slide; glut worries persist
Oil prices rose about $1 a barrel a barrel on Wednesday, bouncing from the lowest levels in months, after U.S. government data showed strong demand for refined fuel, but concerns remained over rising global crude supply.
Investors caught in crossfire of fight for holiday shoppers
Investors would normally be thankful for a strong U.S. economy, yet this holiday season they worry retailers may have to spend heavily to win, leaving shareholders with a lump of coal.
Wall Street recovers as technology stocks bounce back
U.S. stocks recouped some losses on Wednesday after a brutal two-day selloff as strong earnings from Foot Locker and gains in technology stocks lifted investor sentiment ahead of the Thanksgiving holiday.
World stocks, oil climb after rout; euro rises on Italy budget hopes
World stock markets and oil prices climbed on Wednesday, with earnings and gains in tech stocks lifting shares on Wall Street, while the euro rose on hopes Italy and the European Commission would reach a compromise on a dispute over Italy’s 2019 budget…
Volkswagen strikes deal with Broadcom to end patent lawsuit: source
Germany’s Volkswagen has struck a deal with U.S. semiconductor maker Broadcom , ending a billion-dollar patent lawsuit that pitted the carmaker against its supplier, a source close to Volkswagen told Reuters on Wednesday.
Atlanta Fed leaves U.S. fourth-quarter GDP growth view at 2.5 percent
The U.S. economy is expanding at a 2.5 percent annualized rate in the fourth quarter, based on data on durable goods orders and home resales in October, the Atlanta Federal Reserve’s GDPNow forecast model showed on Wednesday.
Stock market volatility: Options traders expect more, more, more
A new normal is taking root in U.S. stock markets, and the word that best sums it up starts with a “V”.
New York regulator to end supervision of Standard Chartered for compliance failings
New York’s Department of Financial Services (DFS) will end a period of monitoring of Standard Chartered on Dec. 31, the DFS said on Wednesday, bringing to a close one strand of the bank’s punishment for past failings in compliance controls.
Oil rebounds after previous session’s slide, but glut worries persist
Oil prices rose nearly 4 percent on Wednesday, recovering from the lowest levels in months, after U.S. government data showed strong demand for refined fuel, but concerns remained over rising global crude supply.
