Stocks seesaw as rising coronavirus cases offset recovery hopes
Equity markets around the world seesawed on Wednesday as the prior day’s rally on economic and vaccine hopes faded, while fresh coronavirus outbreaks and rising...
FAA chief acknowledges agency, Boeing made mistakes on 737 MAX
Federal Aviation Administration chief Steve Dickson acknowledged on Wednesday that Boeing and the U.S. air safety agency both made mistakes in the development of the...
Powell repeats Fed to use full range of tools to aid economy
With a full U.S. economic recovery out of reach until the coronavirus pandemic is brought to heel, the Federal Reserve will use its “full range...
U.S. shale companies to boost oil output by 500,000 bpd by month-end
U.S. shale producers are expected to restore roughly half a million barrels per day (bpd) of crude output by the end of June, according to...
U.S. SEC has problems with car rental firm Hertz selling new shares: CNBC
The U.S. Securities and Exchange Commission (SEC) has told bankrupt Hertz Global Holdings Inc it has issues with the car rental firm’s plan to sell...
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...