Fed Chair Powell: ‘no reason’ rising wages, job gains can’t continue
Federal Reserve Chair Jerome Powell on Wednesday reiterated his confidence in the sustainability of the record-long U.S. economic expansion, now in its 11th year....
Shopify hits record high on better-than-expected 2020 sales forecast
Canadian e-commerce company Shopify Inc’s full-year revenue forecast above analysts’ estimates and better-than-expected quarterly earnings on higher holiday sales, pushed its shares to a record...
Boeing sees airline profits hit, stagnant freight due to virus
Airlines are facing a fall in profits as the coronavirus crisis hits passenger demand and prolongs weakness in economically sensitive air freight, planemaker Boeing warned...
Boeing sees at least two years before 737 MAX production rate reaches pre-grounding target
Boeing Co Chief Financial Officer Greg Smith said on Wednesday that it will take at least a couple of years before 737 MAX production rate...
S&P 500, Dow clinch fresh highs as new coronavirus cases drop
The S&P 500 and Dow Jones Industrials hit all-time highs on Wednesday as investors drew comfort from a drop in the number of new cases...
BP boss Looney ‘reinvents’ oil giant with zero carbon goal
BP plans deep cuts to its carbon emissions by 2050, setting one of the oil sector’s most ambitious targets, as part of the biggest overhaul...
Shareholder activists test JPMorgan’s Dimon on climate proposals
Shareholder activists focused on climate issues vowed to press proxy battles with JPMorgan Chase & Co after getting a cold reception from the top Wall...
Alstom board to decide on Bombardier rail business bid: source
French train maker Alstom’s board will meet on Wednesday evening to decide on a possible offer for the rail business of Canada’s Bombardier , a...
New coronavirus: what markets should watch now
World markets started shrugging off the worst of the coronavirus impact last week and stock markets have since reached record highs. China’s announcement that new...
BASF picks German state of Brandenburg as battery materials production site
Chemicals giant BASF on Wednesday picked a site in the eastern German state of Brandenburg for its second European battery materials factory, part of a...