U.S. stocks rallied for a third straight day on Wednesday on encouraging U.S. economic data and waning fears of the financial fallout from a virus out of China but losses in Tesla shares pulled the Nasdaq off its record high.
German Efromovich, the majority shareholder in Latin American airline Avianca , said on Wednesday he does not have any knowledge of widespread bribes allegedly paid by European manufacturer Airbus .
Oil prices jumped about 2% on Wednesday on media reports that suggested scientists were developing a vaccine for the fast-spreading coronavirus, even as world health experts said treatments have not yet been found.
Nasdaq Inc asked regulators on Wednesday to allow issuers of thinly-traded stocks listed on its exchange to trade almost exclusively on Nasdaq, as part of a broader plan to boost trading in small- and mid-sized companies.
Shares of Tesla tumbled 19% on Wednesday, hitting the brakes on a dramatic rally after a senior executive warned the coronavirus outbreak in China would delay deliveries of Model 3 cars made at its Shanghai plant.
Wall Street rallied for a third straight day on Wednesday after a clutch of positive data pointed to strength in the U.S. economy, but losses in Tesla shares pulled the Nasdaq off its record high.
A superior labor court in Sao Paulo state ruled on Wednesday that there is no employment relationship between Uber and its drivers, siding with the ride hailing company against a driver in the Guarulhos district.
Investor William Ackman told clients on Wednesday that Pershing Square Capital Management exited its Starbucks Corp position as future growth looks less robust but will stick with last year's biggest winner, Chipotle Mexican Grill Inc. .
The strong start to 2020 for utilities extended a run of outperformance for the sector that began in 2018.
Oil prices jumped about 4% on Wednesday on media reports that scientists had found a drug breakthrough for the fast-spreading coronavirus, an outbreak that continues to weigh heavily on global economic activity and oil demand.
Texas Attorney General Ken Paxton, who is leading a multistate investigation into Alphabet Inc's Google unit, said on Wednesday he has not taken any possible punishment off the table, including breaking up the search and advertising giant.
Wall Street rallied for a third straight day on Wednesday after a clutch of positive data painted a stronger picture of the U.S. economy but the Nasdaq pulled back from record levels as losses in Tesla shares weighed.
Professional networking platform LinkedIn's chief executive officer, Jeff Weiner, said on Wednesday that he would step down from his position effective June 1.
The Federal Trade Commission alleged that online marketplace LendEDU, which compares loans, credit cards and insurance for consumers, engaged in a pay-to-play scheme that distorted its rankings and misled the public.
BNP Paribas is looking for further opportunities to expand its investment banking franchise in Europe and fortify its lead over local rivals after last year taking over Deutsche Bank's electronic equity and prime broking operations.