Wall Street opens flat as energy gains offset tech losses
The Dow Industrials and the S&P 500 opened flat on Wednesday as a rise in shares of energy companies helped offset losses in technology stocks, which weighed on the Nasdaq.
U.S. producer prices post first drop in one-and-a-half years
U.S. producer prices unexpectedly fell in August, recording their first drop in 1-1/2 years, as declines in the prices of food and a range of trade services offset an increase in the cost of energy products.
Oil approaches $80 a barrel; supply starts to look tight
The oil price rallied towards its highest level this year on Wednesday, after a drop in U.S. crude inventories and as the prospect of the loss of Iranian supply added to concerns over the delicate balance between consumption and production.
London loses top spot to New York in financial survey due to Brexit
New York has overtaken London as the world’s most attractive financial center, a survey said on Wednesday, as Britain’s decision to leave the EU prompts banks to shift jobs out of the city to keep access to Europe’s single market.
FedEx to hire 55,000 workers, raise hours for holiday season
FedEx Corp would hire about 55,000 workers and increase hours for some existing employees for the holiday season as the U.S. package delivery company prepares to cater to an expected jump in shipments due to online shopping boom.
Stocks struggle near three-week lows but no respite for emerging markets
Fresh sparring between Washington and Beijing over trade kept up pressure on world markets on Wednesday, with equities struggling and emerging currencies mostly weaker, led by the Indian rupee hitting a record low.
Futures flat as trade worries linger; Apple event in focus
U.S. stock index futures were flat early on Wednesday, held back by worries over the Sino-U.S. trade war, while Apple shares moved higher ahead of the expected launch of new iPhone models.
Striking Ryanair crews ground flights in Germany
Pilots and cabin crew at Ryanair in Germany staged a full-day walkout on Wednesday and threatened further strikes to put pressure on management in labor talks with Europe’s biggest low-cost carrier.
Oil nears $80 a barrel as concern grows over global supply
Oil cut earlier losses and rose towards its highest level this year on Wednesday, after a drop in U.S. crude inventories and as the prospect of the loss of Iranian supply added to concerns over the delicate balance between consumption and production.
German consumer body to file VW class action suit over diesel tests
Volkswagen will face another class action lawsuit over its rigging of diesel emissions tests, this time at home when Germany introduces a new law in November.
