Financial News

By Stephen Culp NEW YORK – Wall Street bounced off session lows Wednesday with the S&P 500 crossing into positive territory by the closing bell after the U.S. Federal Reserve …

By Jeffrey Dastin and Julia Love – The U.S. National Labor Relations Board said Wednesday that Amazon.com Inc and a group of New York workers have agreed tentatively on terms …

-Canadian fertilizer maker Nutrien Ltd said on Wednesday a surge in prices of potash due to robust global demand and thin supply would boost its profit in 2022, sending its …

By Jonathan Stempel NEW YORK – A federal judge on Wednesday dismissed a proposed class action lawsuit by consumers who accused Pfizer Inc of failing to disclose the presence of …

– Brazil planemaker Embraer said on Wednesday it signed a research partnership with Norwegian company Widerøe and Rolls-Royce aiming to create a conceptual zero-emission regional aircraft. The study will last …

By Praveen Paramasivam -DoorDash Inc reported quarterly revenue on Wednesday that beat estimates as food delivery demand showed no sign of slowing, indicating ordering habits have changed permanently, sending the …

– The U.S. Securities and Exchange Commission is investigating whether certain banks may have broken the rules by tipping off hedge funds ahead of large sales of shares, or “block …

By Danielle Kaye NEW YORK – Marriott and Hilton, two of the biggest U.S. hotel chains, told investors they expect people to resume packing their bags for business and leisure …

– Brazil’s Space Agency said on Wednesday it signed a strategic cooperation agreement with Amazon.com Inc’s cloud network unit to foster the long-term development of the country’s space program. The …

-Cisco Systems Inc on Wednesday raised its full-year earnings forecast, expecting to benefit from higher prices driven by global chip shortages and an eventual decline in logistics costs as shipment …

By Matt Scuffham NEW YORK – Goldman Sachs will on Thursday update its main financial targets and detail growth plans for the next three to five years, hoping to win …

By Gerry Doyle -Thailand’s interest in Lockheed Martin’s F-35 stealth fighters is genuine, but clearance to buy the jets is a matter for the U.S. government, a senior executive from …

SAO PAULO – Brazil’s state-controlled development bank BNDES sold on Wednesday 50 million shares of the meatpacker JBS SA, raising about 1.9 billion reais ($369.90 million), said the director of …

By Jonathan Stempel – Charlie Munger, the longtime business partner of Warren Buffett, on Wednesday said it is “massively stupid” for tensions to escalate between the United States and China, …

By Fergal Smith TORONTO – Canada’s main stock index fell on Wednesday as a record drop in the shares of e-commerce heavyweight Shopify Inc offset gains for resource shares. The …

By Herbert Lash NEW YORK – Oil and gold rose on Wednesday after NATO and the United States said Russia was increasing its troop build-up near Ukraine, while a dovish …

By Howard Schneider and Ann Saphir WASHINGTON -Federal Reserve officials last month agreed that, with inflation tightening its grip on the economy and employment strong, it was time to raise …

By Supantha Mukherjee and Dawn Chmielewski – Spotify Inc deepened its investment in podcasting with the acquisitions of Podsights and Chartable, two services that provide greater insights for advertisers and …

By Dawn Chmielewski – Walt Disney Co will design U.S. residential communities in deals with property developers, capitalizing on fans’ enthusiasm for the brand beyond its theme park and entertainment …

– U.S. insurer American International Group Inc topped fourth-quarter profit expectations on Wednesday as it benefited from strong underwriting and lower catastrophe losses at its general insurance business. Catastrophe losses …

By Eva Mathews and Tiyashi Datta – Shares of ViacomCBS Inc, rebranded as Paramount Global, plunged 21% on Wednesday to their lowest in over a year, after the media company’s …

By Valentina Za MILAN -The chairman of Italy’s biggest insurer, Generali, plans to step down in April after 11 years in the job, saying that current tensions among investors were …

By Elizabeth Culliford – Meta Platforms Inc CEO Mark Zuckerberg said in a Facebook post on Wednesday that he had promoted policy chief Nick Clegg into a larger role to …

By Caroline Valetkevitch NEW YORK – The U.S. dollar index was down on Wednesday, hitting its lowest level since Friday after minutes from the last U.S. Federal Reserve meeting suggested …

By David Gaffen NEW YORK -Oil prices rose more than 1% on Wednesday as investors weighed conflicting statements on the possible withdrawal of some Russian troops from around Ukraine. Futures …