Wall St climbs on stimulus hopes, as S&P, Nasdaq hit multi-month highs
The three major averages on Wall St notched their fourth gain in five sessions on Wednesday as investors again bet on a swift economic recovery...
Northern Trust shutting fund; an outlier or sign of future risk?
Northern Trust Corp’s decision to liquidate a $1.8-billion prime money market fund was seen as an outlier event by industry analysts on Wednesday, but one...
U.S. travelers pick car rentals over flights for holidays: travel website Kayak
Travel website Kayak is seeing more demand for car rentals than air travel from customers looking to avoid crowds and stay closer to home as...
Senate passes bill that could block Chinese firms from U.S. securities exchanges
The U.S. Senate passed legislation on Wednesday that could prevent some Chinese companies from listing their shares on U.S. exchanges unless they follow standards for...
At Fiat Chrysler’s Brazil plant, production resumes with safety checks
Before going to work these days, employees at the Brazilian unit of Fiat Chrysler Automobiles have to get a health check using a mobile app...
Fed mulls firmer rate guidance, adding dates or goals, minutes show
Federal Reserve policymakers last month opened a broad debate over what they can and should to do to boost the effectiveness of their monetary policy...
Air France axes A380, Emirates seen cutting deliveries
The world’s largest airliner, the Airbus A380, took a step closer to the aviation archives on Wednesday as Air France said it would permanently axe...
Volkswagen admits car advert racist, apologises
Volkswagen withdrew on Wednesday an advert posted on its official Instagram page for its Golf cars that it admitted was racist and insulting, saying it...
FCA-PSA deal terms ‘set in stone’ for 50-50 merger
Terms of a planned merger between Fiat Chrysler and Peugeot-owner PSA are set in stone, FCA’s chairman said on Wednesday, brushing off talk that some...
S&P 500 hits two-month high on growing recovery hopes
The S&P 500 hit more than a two-month high on Wednesday as signs of additional economic stimulus raised hopes of a swift recovery from a...