Wall Street surges as turbulence becomes the norm
(Reuters) – Wall Street stocks jumped almost 2 percent on Wednesday in the latest volatile session as investors weighed the impact of a stumbling Chinese economy and global market turmoil on the Federal Reserve’s impending decision about when to raise …
Wal-Mart to reopen five U.S. stores at center of union complaint
(Reuters) – Wal-Mart Stores Inc said it would reopen in late October to early November five U.S. stores whose closure had prompted a union to file a complaint with the National Labor Relations Board, claiming the retailer was retaliating against worker…
Ackman’s Pershing Square hedge fund drops 9.2 percent in August
BOSTON (Reuters) – Billionaire investor William Ackman, one of last year’s best performing hedge fund managers, saw his Pershing Square Holdings portfolio drop 9.2 percent in August as some of its major holdings joined a broad market slump, a source fa…
Bill Gross: Fed tightening now could create self-inflicted instability
NEW YORK (Reuters) – Bond guru Bill Gross, who has long called for the Federal Reserve to raise interest rates, said on Wednesday that U.S. central bankers may have missed their window of opportunity to hike rates earlier this year and doing so now cou…
Wall Street surges as turbulence becomes the norm
(Reuters) – Wall Street stocks jumped almost 2 percent on Wednesday in the latest volatile session as investors weighed the impact of a stumbling Chinese economy and global market turmoil on the Federal Reserve’s impending decision about when to raise …
Boeing delivers 14 Dreamliners, strong cash flow seen: sources
NEW YORK (Reuters) – Boeing Co delivered 14 of its 787 Dreamliners in August, exceeding for the second straight month its 10-a-month target and suggesting strong financial performance later in the year, people familiar with the situation said on Wednes…
Oil turns higher as Wall Street rally offsets inventory rise
NEW YORK (Reuters) – Oil prices ended nearly 2 percent higher on Wednesday in volatile trade as rallying equities on Wall Street pulled crude up from lows after futures sank on concerns about global oversupply.
Tesla Signature series Model X priced at $132,000 to $144,000
SAN FRANCISCO (Reuters) – Tesla Motors Inc said on Wednesday that customers who reserved its first luxury electric crossover, the Model X Signature series, could now customize their models, with prices ranging from $132,000 and $144,000.
U.S. private payrolls rise steadily; productivity revised up
WASHINGTON (Reuters) – U.S. private employers maintained a steady pace of hiring in August despite recent global financial market turmoil, suggesting that labor market momentum likely remains strong enough for the Federal Reserve to consider an interes…
Tight U.S. labor markets fuel wage gains; China impact looms: Fed
WASHINGTON (Reuters) – U.S. labor markets were tight enough to fuel small wage gains in some professions in recent weeks, though some companies already were feeling a chill from an economic slowdown in China, the Federal Reserve said on Wednesday.
