Oil falls as coronavirus cases pick up in China, U.S
Oil prices fell on Wednesday as investors worried about fuel demand due to fresh outbreaks of COVID-19, though prices drew some support after U.S. stocks...
Dollar rises as investors take refuge ahead of Fed
The U.S. dollar rose from early lows on Wednesday as investors wary of wider geopolitical risks sought its relative safe haven ahead of midday remarks...
S&P 500, Dow flat after three-day rally
The S&P 500 and the Dow were largely flat on Wednesday as a record rise in coronavirus cases in six U.S. states dented sentiment following...
FAA ‘stonewalling’ Boeing 737 MAX probe after fatal crashes: senator
The U.S. Federal Aviation Administration has been “stonewalling” senators conducting an investigation into the design and development of Boeing Co’s 737 MAX in the wake...
Citing ‘racial stereotype,’ PepsiCo to drop Aunt Jemima name; Uncle Ben’s under review
PepsiCo Inc will change the name and brand image of its Aunt Jemima pancake mix and syrup, it said on Wednesday, dropping a mascot that...
S&P 500, Dow struggle for direction after three-day rally
The S&P 500 and the Dow edged lower in choppy trading on Wednesday as a record rise in coronavirus cases in six U.S. states dented...
EU worried Fiat-PSA deal may hit competition in vans
Fiat Chrysler and Peugeot maker PSA’s proposed merger may harm competition in small vans in 14 EU countries and Britain, EU antitrust regulators said on...
EU antitrust regulators to investigate Fiat, PSA merger
European Union antitrust regulators opened on Wednesday an investigation into Fiat Chrysler and Peugeot maker PSA’s proposed merger, saying the deal may harm competition in...
U.S. housing starts miss expectations; permits rebound strongly
U.S. homebuilding increased less than expected in May, but a strong rebound in permits for future home construction suggested the housing market was starting to...
Exclusive: Who’s in charge at Nissan? COO’s allies push to give him shared CEO role – sources
Nissan’s chief operating officer Ashwani Gupta helped engineer the troubled automaker’s latest turnaround plan. Now his allies are pressing the board to promote him to...