Airline profits are on course to fall faster than expected in 2019 as trade wars hit global commerce and broader confidence, the industry's main global body said on Wednesday, while predicting a modest recovery next year.
Federal Aviation Administration (FAA) chief Steve Dickson confirmed Wednesday the agency will not allow Boeing Co's (BA.N> grounded 737 MAX, involved in two fatal crashes in five months, to resume flying before the end of 2019.
American Eagle Outfitters Inc forecast holiday-quarter profit and comparable sales below market estimates on Wednesday, as weaker demand pressures the retailer into offering higher discounts on its flagship AE brand, sending its shares down about 10%.
U.S. consumer prices rose more than expected in November, which could further support the Federal Reserve's intention not to cut interest rates again in the near term after reducing borrowing costs three times this year.
U.S. investment bank Goldman Sachs has appointed Jonathan Penkin as head of its Johannesburg office, the bank's base for sub-Saharan Africa where the current chief executive is retiring at the end of the year.
As the end of the year draws near, it's time to think about showing your gratitude to those who have provided services for you throughout the year.
Saudi Aramco shares surged the maximum permitted 10% above their IPO price on their Riyadh stock market debut on Wednesday, in a move hailed by the government as a vindication of its towering $2 trillion valuation of the state oil company.
U.S. consumer prices increased solidly in November, which together with labor market strength could support the Federal Reserve's intention not to cut interest rates again in the near term after reducing borrowing costs three times this year.
The S&P 500 and the Nasdaq indexes opened slightly higher on Wednesday, with investors waiting for the Federal Reserve's decision on monetary policy, while losses in Boeing and Home pressured the Dow Jones index. The S&P 500 were up 3.23 points, or 0.10%, at 3,135.75. The Nasdaq Composite gained 14.94 points, or 0.17%, to 8,631.12 at the opening bell.
Financial advisors who made CNBC's FA 100 list of leading firms for 2019 share what their outlook is on factors influencing markets and investors in the new year, from domestic politics to global trade and corporate earnings.
As the end of the year draws near, it's time to think about showing your gratitude to those who have provided services for you throughout the year.
The fast-food chain will likely run into chicken supply issues due to McDonald's high volume operations, according to Stephens.
U.S. electric vehicle maker Tesla Inc plans to increase prices of imported Model 3 vehicles in China in January, sources briefed with the matter said.
European shares fell on Wednesday as the deadline approached for new U.S. tariffs on Chinese goods and investors awaited the outcome of major central bank policy meetings.
The so-called bond king said the benchmark 10-year Treasury yield should be back at 2%.