S&P 500, Dow retreat as focus turns to Fed; Nasdaq hits fresh high
The S&P 500 and Dow slipped on Wednesday, as losses in financial stocks countered a boost from the technology sector, with focus now shifting to...
Oil slides below $41 as U.S. inventory rise revives glut worries
Oil slid below $41 a barrel on Wednesday after U.S. data showed crude inventories rose to a record high, reviving worries of a persistent glut...
J&J moves up start of coronavirus vaccine human trials to July
Johnson & Johnson moved up the start of human clinical trials for its experimental vaccine against the highly contagious coronavirus by two months to the...
U.S. attorney general group sues 26 dermatology drug makers
A group of attorneys general from U.S. states and territories sued 26 manufacturers of dermatology drugs on Wednesday, accusing them of price fixing and other...
Boeing aims for key 737 MAX certification flight in late June: sources
Boeing Co is aiming to conduct a key certification test flight on its grounded 737 MAX jet in late June, two people briefed on the...
Global risk rally has a powerful ally: the weaker dollar
Investors are betting a weaker U.S. dollar will further boost a rally that has seen stocks, emerging market currencies and other risky assets soar in...
Starbucks forecasts over $2 billion drop in quarterly income as COVID-19 hits
Starbucks Corp said on Wednesday it expects current-quarter operating income to plunge by up to $2.2 billion, and sales to decline for the rest of...
Goldman Sachs forms fund to address racial injustice
Goldman Sachs Group Inc said on Wednesday it had launched a $10 million fund to support the work of organizations addressing racial injustice, structural inequity...
Tesla shares surge past $1,000 as Musk revs up the Semi
Tesla Inc’s stock jumped above $1,000 a share on Wednesday after Chief Executive Elon Musk told his staff it was time to bring the Tesla...
Dollar slips, stocks fall ahead of Fed meeting
The dollar slid to a three-month low and a gauge of global equities edged lower on Wednesday as investors awaited news at the end of...