Oil mixed as virus fears offset by talk of OPEC cut extension
Oil was mixed on Wednesday as worries about the impact of the coronavirus outbreak and swelling crude inventories in the United States weighed on prices,...
Wall St off early highs as weak earnings, coronavirus concerns weigh
U.S. stock indexes retreated from early highs on Wednesday as a spate of disappointing earnings reports offset strong gains in Apple and Boeing, while investors...
Fed likely to keep interest rates on hold as coronavirus worries grow
The U.S. Federal Reserve will end its latest policy meeting on Wednesday with interest rates likely on hold, adjustments to its balance sheet under discussion,...
Britain’s BBC to axe 450 newsroom jobs in cost-cutting drive
The BBC said on Wednesday it will axe 450 jobs from its news division in a cost-saving plan that will result in cuts at the...
GE to halve 737 MAX engine deliveries but raises cash target
General Electric Co plans to slash 737 MAX engine deliveries to Boeing Co roughly in half this year but set higher cash target for 2020...
U.S. banks on Hong Kong Exchange’s ‘named and shamed’ list
Wall Street investment banks JPMorgan and Morgan Stanley have been placed on the Hong Kong Stock Exchange’s “named and shamed” list after the $300 million...
Boeing swings to annual loss as 737 MAX costs near $19 billion
Boeing Co on Wednesday swung to its first annual loss since 1997 on mounting 737 MAX costs and indicated it would again cut production of...
Apple’s iPhone strength is back and analysts say it is here to stay
Wall Street analysts were smitten by a rebound in sales of Apple Inc’s iPhones after a year of decline. So much, in fact, that they...
Explainer: What the U.S. Federal Reserve is watching this year
The U.S. Federal Reserve is expected to keep interest rates unchanged when it wraps up its first policy meeting of the year on Wednesday....
Goldman unveils long-term targets to grow new businesses, revenues
Goldman Sachs Group Inc on Wednesday set aggressive targets to grow many of its businesses, as the Wall Street powerhouse tries to make meaningful inroads...