Wall Street lifted by bank and tech stocks, robust ADP data
The Dow Jones Industrial Average hit a new high on Wednesday, leading gains in the three major Wall Street indexes, driven by a jump in financial and technology stocks and a robust monthly private payrolls report.
Ebay alleges Amazon poached sellers from its platform
Ebay Inc on Wednesday accused Amazon.com Inc of trying to poach sellers for its own platform through Ebay’s internal messaging system.
Oil gains, shrugging off bearish U.S. crude build
Oil rose on Wednesday, touching a fresh four-year high as the market focused on upcoming U.S. sanctions on Iran and shrugged off a surprisingly big build in U.S. crude stockpiles and reports of higher Saudi Arabian and Russian production.
Stocks rise amid Italy budget hopes, U.S. ADP jobs data boosts dollar
Stock markets around the world rose and Italian bonds rallied on Wednesday after signs that Rome would cut budget deficits and decrease its debt in the coming years, while new U.S. jobs data supporting a strong U.S. economy boosted the dollar.
Honda to invest $2.75 billion in GM’s Cruise self-driving unit
Honda Motor Co Ltd will invest $2.75 billion in General Motors Co’s Cruise Automation, the second outside multibillion-dollar commitment to the self-driving vehicle unit this year and an affirmation of the U.S. automaker’s strategy for the emerging t…
U.S. private employers boost hiring; activity accelerates
U.S. private payrolls recorded their biggest increase in seven months in September, boosted by hiring at construction sites and in the services sector, pointing to sustained labor market strength that should continue to underpin economic growth.
France to press General Electric on job pledges: minister
French Finance Minister Bruno Le Maire said on Wednesday he would press General Electric’s new chief executive to stick to French job creation pledges made by the CEO’s predecessor.
Wall Street climbs with support from financials, tech stocks
U.S. stocks rose on Wednesday, with the Dow Jones Industrial Average at an all-time high, driven by gains in financial and technology stocks.
Honda buys stake in GM Cruise self-driving unit, to invest $2 billion
Honda Motor Co Ltd will invest $2 billion and take a 5.7 percent stake in General Motors Co’s Cruise self-driving vehicle unit, extending cooperation between the two automakers in a technology that has enormous costs and risk but no market-ready prod…
Dollar gains after strong ADP jobs data, Italy weighs on euro
The U.S. dollar gained on Wednesday as data supported the view that the U.S. economy is in strong shape and as concerns about Italy’s budget negotiations continued to weigh on the euro.
