S&P 500, Nasdaq hit record closing highs, lifted by China stimulus hopes
The S&P 500 and Nasdaq rose to record closing highs on Wednesday as optimism that China would take more measures to prop up its economy...
Virgin Galactic looks like newest cult stock as short sellers dig in
Wall Street’s newest cult stock appears to be Richard Branson’s Virgin Galactic Holdings Inc , as investors drive the space tourism stock to sky-high levels...
U.S. money market assets decreased in latest week-iMoneyNet
U.S. money market fund assets decreased by $3.64 billion to $3.575 trillion in the week ended Feb 18, the Money Fund Report said on Wednesday....
Stocks scale fresh peaks on slowing virus, dollar gains
The dollar gained while U.S. and European equity indexes scaled fresh peaks on Wednesday after China reported another decline in new coronavirus cases and on...
Airbus defense division plans to cut more than 2,300 jobs
The defense business of Airbus on Wednesday laid out plans to cut more than 2,300 jobs, citing a flat space market and postponed defense contracts....
Exclusive: ‘Made in Russia’ passenger jet finds a single buyer, Aeroflot
Russia’s main home-grown passenger jet, the Sukhoi Superjet 100, conceived as a rival to Airbus, Bombardier and Embraer, has no confirmed orders this year beyond...
Business jet deliveries hit decade high in 2019, helped by new models
Business jet deliveries across the globe hit a decade high in 2019, the General Aviation Manufacturers Association (GAMA) said on Wednesday, helped by strong market...
S&P 500, Nasdaq reach new heights on China stimulus hopes
The S&P 500 and the Nasdaq hit all-time highs on Wednesday as hopes that China would take more measures to prop up its economy eased...
This revamp will be different, says HSBC boss; staff not so sure
Noel Quinn, the interim chief executive of HSBC , says this time things are going to be different....
Oil up 2.5% on slowing pace of coronavirus, U.S. move on Venezuela
Oil prices rose 2.5% on Wednesday as demand worries eased with a slowing of new coronavirus cases in China and supply curtailed by a U.S....