Wall St slips, turns risk averse on strong dollar, trade worries
U.S. stock indexes slid on Wednesday in a broad decline over concerns of a strengthening dollar, Turkey’s currency crisis and United States’ trade relations with its partners.
Swiss ban some Mercedes, Porsche models over emissions
Swiss authorities have halted registrations of some new Mercedes-Benz Vito and Porsche Macan and Cayenne vehicles which had diesel engines that disguised emissions levels, the Astra roads agency said on Wednesday.
Turkey, trade worries hit Wall Street
U.S. stock indexes fell sharply on Wednesday, hurt by concerns over a stronger dollar and Turkey’s currency crisis, as well as over the trade tensions with U.S. trading partners that have dominated the first half of 2018.
Express Scripts staking out million dollar gene therapies
Express Scripts Holding Co built a multi-billion enterprise pressuring drug companies to lower their prices for U.S. patients. Now it is quietly building a side business: getting paid to help drug companies dispense a new generation of high-priced dru…
Swiss ban some Mercedes, Porsche models with manipulated engines
Swiss authorities have halted registering some new Mercedes-Benz Vito and Porsche Macan and Cayenne vehicles whose diesel engines were manipulated to cloak emissions levels, the Astra roads agency said on Wednesday.
Stocks tumble; emerging markets hit as dollar rises, yuan falls
Equities around the world took a dive on Wednesday, with emerging market stocks set to confirm a bear market and the dollar hitting a 13-month high, while weakness in China’s yuan rattled investors’ nerves.
Margin worries send Macy’s shares tumbling after profit beat
Macy’s Inc on Wednesday said its gross margins would shrink in the fall season as delivery expenses rise, overshadowing a quarterly sales and profit beat and sending shares down more than 13 percent.
SEC subpoenas Tesla over Musk’s tweets: report
The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc regarding Chief Executive Elon Musk’s plans to take the company private and his statement that funding was “secured,” Fox Business Network reported on Wednesday, citing sources…
Wall St. slides as strong dollar, trade fears trigger risk aversion
The three main U.S. stock indexes slid more than 1 percent on Wednesday in a broad decline over concerns about the strengthening dollar, Turkey’s currency crisis and United States’ trade relations with its partners.
Uber told by investors to sell self-driving unit: The Information
Investors have told Uber Technologies Inc [UBER.UL] it would be wise to sell off its self-driving car unit after it racked up losses of $125 million to $200 million each quarter for the past 18 months, tech news site The Information reported on Wednesd…
