Donald Trump and Hillary Clinton lead the races for their respective party's presidential nominations in Florida, Ohio and Pennsylvania, but the results of a Quinnipiac University poll show Vice President Joe Biden and Dr. Ben Carson are the best general election candidates in the key swing states.
After moving notably higher in early trading on Wednesday, stocks have recently given back some ground but remain mostly positive. The major averages have all moved to the upside after ending the previous session mixed.
European Court of Justice in Luxembourg has canceled the international agreement between European Union and United States to handover digital information, such as web search histories and social media updates. The ruling will be a blow to tech giants Google, Microsoft, Facebook, Amazon, etc.
Agricultural products giant Monsanto Co. reported a loss for the fourth quarter that widened from last year, reflecting lower revenues and margins. The results for the quarter missed analysts' expectations and the company forecast fiscal 2016 earnings well below their estimates. Monsanto also said it expects to cut 2,600 jobs and exit the sugarcane business under a restructuring plan.
Japanese car giant Toyota Motor Corp. (TYT.L, TM) plans to have self-driving cars on the roads by 2020. The market for self-driving cars is expected to hot up by that time with Google Inc. (GOOG, GOOGL), General Motors (GM) and Nissan also planning an entry around the same time.
Alcoholic beverage maker Constellation Brands, Inc. on Wednesday reported a 54 percent increase in profit for the second quarter from last year, driven by strong sales at its beer segment and a favorable tax rate. Adjusted earnings per share beat analysts' expectations, while revenues matched their estimates. The company once again raised its earnings outlook for fiscal 2016.
Stocks are likely to move back to the upside in early trading on Wednesday after experiencing some profit taking in the previous session. The major index futures are pointing to a higher open for the markets, with the Dow futures up by 110 points.
British brewer SABMiller Plc. (SAB.L, SABMRY.PK) Wednesday said its board rejected the revised offer from Belgian brewer Anheuser-Busch InBev NV, known as AB InBev (BUD, AHBIF.PK), stating it still very substantially undervalues SABMiller, its unique and unmatched footprint, and its standalone prospects.
The Nobel Prize in Chemistry has been awarded to a trio of scientists for their work using molecular level mapping to show how cells repair damaged DNA and to safeguard genetic information.
Volkswagen Australia Wednesday confirmed that more than 91 thousand vehicles sold in Australia were fitted with emission cheating software. Volkswagen brand alone comes to 77,000 cars and 14,000 cars are Audis.
Germany's industrial production declined at the fastest pace in 12 months in August, defying expectations for a modest increase, suggesting that economic growth slowed in the third quarter and that the manufacturing sector is set to struggle in coming months mainly due to weaker demand from emerging markets, especially China.
Trading in the U.S. index futures suggests that Wall Street could regain the momentum that faltered yesterday. The major U.S. index futures are notably higher early Wednesday, towing in line with the sentiment in the rest of global markets. Commodities are continuing to see strength, especially oil,...
U.K. industrial output rebounded at a faster-than-expected pace in August, driven by oil extraction and transport equipment. Industrial production grew 1 percent from July, reversing a 0.3 percent drop in the prior month, data from the Office for National Statistics showed Wednesday. A similar rate of strong growth was last seen in February 2014. Economists had forecast only a 0.3 percent rise.
Shares of Tesco Plc. were losing around 2 percent in the early morning trade in London, after the British supermarket chain reported a net loss in its fist half compared to a profit last year, mainly reflecting weak sales as well as loss from the discontinued Korean business. On a pre-tax basis, the company turned around to profit.
Belgian brewer Anheuser-Busch InBev (AHBIF.PK, BUD) Wednesday boosted its offer to acquire SABMiller Plc. (SBMRY.PK, SAB.L) to 42.15 pounds per share in cash, with a partial share alternative available for about 41 percent of the SABMiller shares.