New York Times forecasts weakness in digital ads, shares down 12%
The New York Times Co fell short of Wall Street estimates for revenue on Wednesday and warned of declines in digital advertising for the rest...
GM wins victory in ignition switch defect lawsuits
General Motors Co persuaded the U.S. federal judge who oversees nationwide litigation over defective ignition switches to narrow claims by owners who said their vehicles...
Ryanair pilots vote to strike
Members of Ryanair’s British pilot union have voted for strike action in a ballot triggered by a dispute over working conditions, the British Airline Pilots...
Wall Street retreats as bond market fuels recession fears
U.S. stocks fell on Wednesday, as investors reeling from rising trade tensions fled riskier assets for perceived safer havens and the bond markets signaled a...
Negative U.S. bond yields may become reality: PIMCO
Investors may have to grapple with the possibility of the once-unthinkable becoming reality – negative U.S. Treasury bond yields, according to money manager Pacific Investment...
Hedge fund investor Tarrant, who bet with Warren Buffett, dies
Investor Jeffrey Tarrant, whose firm Protege Partners backed billionaire managers including William Ackman and Marc Lasry early in their careers and made a bet with...
U.S. government contractors to get first look at Huawei ban today
The White House Office of Management and Budget is slated on Wednesday to release an interim rule for a ban on federal purchases of telecommunications...
Trump says China is ‘killing us with unfair trade deals’
U.S. President Donald Trump on Wednesday said his tough stance on China’s behavior in global markets would ultimately benefit the American economy, even as Beijing...
GM wins victory in ignition switch defect litigation
General Motors Co persuaded the federal judge who oversees nationwide litigation over defective ignition switches to narrow claims by owners who said their vehicles lost...
Oil slumps 5% to seven-month low on trade tensions, surprise U.S. stock build
Oil prices tumbled up to 5% on Wednesday to a fresh seven-month low, extending recent heavy losses following an unexpected build in U.S. crude stockpiles...