U.S. bank regulator sharpens teeth on Wells Fargo, surprising critics
Long accused of being too soft, a U.S. bank regulator has surprised its critics with tough treatment of scandal-ridden lender Wells Fargo , culminating on...
U.S. shares, oil prices slump as China virus fears spread
U.S. shares and crude prices dropped on Friday and 10-year U.S. treasury yields fell to their lowest point in about three months amid concerns that...
Wall Street Week Ahead: Hopes are high for tech stock ‘Cadillacs’; so are their prices
Wall Street is betting that the most popular U.S. technology and internet stocks can keep outshining the broader equities market but their latest rally leaves...
Walmart testing higher minimum wage for some employees
Walmart Inc is testing a higher starting wage for certain newly created jobs in about 500 U.S. stores, as it looks to improve in-store experience...
Bombardier scrambles to craft rail merger with Alstom, Hitachi: sources
Bombardier has approached France’s Alstom and Japan’s Hitachi to find a merger partner for its rail business as it struggles to contain costs that have...
Nestle teams up with Canadian plant-based ingredient makers
Food group Nestle SA said on Friday it has teamed up with small Canadian plant-based food ingredient makers Burcon and Merit Functional Foods, the second...
Intel’s blockbuster results lift shares to dotcom peak, fire up sector
Intel Corp’s shares hit their highest in nearly two decades on Friday after cloud computing demand fired up the chipmaker’s data center business and allayed...
Walmart testing higher minimum wage for some staffers: Bloomberg
Walmart Inc is testing out a higher starting wage for certain jobs in about 500 stores as part of an overhaul of roles and responsibilities...
Wall Street bogged down by China virus fears, Intel limits losses
Wall Street came under pressure on Friday as investors sold energy, financial and healthcare stocks on mounting fears over the coronavirus outbreak in China, while...
U.S. Treasury Secretary Mnuchin expects next China trade talks in ‘near future’
U.S. Treasury Secretary Steven Mnuchin said on Friday that he expects to begin negotiations with China on a so-called Phase 2 trade deal soon, with...