Goldman Sachs is recommending buying FedEx and UPS, seeing more than 20% gains for both stocks, as the logistics companies are seen competitive against new entrants like Amazon.
U.S. stocks opened higher on Wednesday as hopes of an interest rate cut later this month were boosted by Federal Reserve Chairman Jerome Powell's comment that the central bank would "act as appropriate" to sustain record U.S. growth.
With new streaming services snatching up beloved series, Netflix is pivoting towards comedy specials and documentaries to drive viewing hours and to ward off competition.
Concerns about trade policy and a weak global economy "continue to weigh on the U.S. economic outlook" and the Federal Reserve stands ready to "act as appropriate" to sustain a decade-long expansion, Fed Chairman Jerome Powell said on Wednesday in remarks that could bolster expectations of an interest rate cut later this month.
Toyota Motor Corp said Wednesday it will build a new sport utility vehicle at a $1.6 billion joint venture assembly plant in Alabama rather than produce Corolla cars.
President Donald Trump is poised to sign an executive order that would increase kidney transplants, and Raymond James says biotech firm CareDx could benefit.
The founder of Superdry warned the revival of the struggling British fashion group would be a long haul after a 130 million pound ($161 million) charge for poorly performing stores pushed it into an annual loss, kicking its shares down.
The benchmark S&P 500 breached the 3,000 points mark for the first time on Wednesday, as hopes of an interest rate cut later this month were lifted by Federal Reserve chief Jerome Powell's comment that the central bank would "act as appropriate" to sustain record U.S. growth.
The benchmark S&P 500 briefly crossed the 3,000 points mark for the first time on Wednesday, as bets for a sharp interest rate cut later this month were boosted by Federal Reserve chairman Jerome Powell's dovish comments.
A broad index of world stock markets edged higher on Wednesday while the U.S. dollar fell as comments from Federal Reserve Chairman Jerome Powell bolstered expectations for an interest rate cut from the U.S. central bank this month.
Anadarko Petroleum Corp has joined major U.S. oil producers shutting production and withdrawing staff from offshore platforms in the U.S. Gulf of Mexico ahead of a storm threatening oil-producing areas.
U.S. Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook's plan to build a digital currency called Libra "cannot go forward" until serious concerns were addressed.
Oil prices jumped 3% on Wednesday after U.S. crude inventories shrank more than expected and as major producers evacuated rigs in the Gulf of Mexico ahead of an expected storm.
Deutsche Bank shareholders will quiz Chief Executive Christian Sewing on how he plans to deliver on revenue growth targets during a global roadshow to win their backing for a 7.4 billion euro ($8.4 billion) 'reinvention' of the lender.
Dagmar Valcarcel, a legal expert, will join Deutsche Bank's supervisory board, German newspaper Handelsblatt said on Wednesday without naming its sources.