President-elect Donald Trump has selected Iowa Governor Terry Branstad as the next U.S. ambassador to China, according to numerous media reports. The Republican governor is said to be a longtime friend of Chinese President Xi Jinping and could help ease tensions between the two countries.
After moving mostly higher over the course of the previous session, stocks are turning in a relatively lackluster performance in morning trading on Wednesday. Despite the choppy trading, the Dow and the S&P 500 have reached new record intraday highs.
Apple Inc. has confirmed that the iPhone 6s battery issue may be larger than thought, as the tech giant said that some customers "outside the affected range of devices" have also reported unexpected shutdowns. The company again stressed that it is not a security issue.
Tesla Motors Inc. voluntarily recalled more than 7000 charging adapters. The company said these adapters of Nema 14-30, 10-30 and 6-50 are sold separately as accessories.
Earlier in November, two customers had complained about overheating issue of Nema 14-30 charging adapters. Tesla confirmed in its recall communication that there were no other similar incidents or reports of injuries or proper
U.S. President-elect Donald Trump has been named Time magazine's Person of the Year for 2016.
The New York business tycoon stunned the world on November 8th with a surprise win over his Democratic rival Hillary Clinton after political pundits and most opinion polls almost ruled out his chances to...
European Central Bank President Mario Draghi will likely announce an extension of asset purchases by the central bank beyond March 2017 on Thursday, hoping to spread some Christmas cheer amid the high political uncertainty, especially after the 'no' vote in the Italian referendum last weekend.
Stocks may show a lack of direction in early trading on Wednesday following the upward move seen in the previous session. The major index futures are currently pointing to a roughly flat open for the markets, with the Dow futures down by just 4 points.
Sony announced Project Field, a new play way to bring card games to life, along with a host of smartphone games at an event in Japan, aiming to accelerate mobile drive. Project Field is a Japan-only card collection platform where actual physical cards will work with a smartphone app. The first title to be announced is based on Yo-kai Watch for mobile. There is no news about an international releas
British industrial output declined unexpectedly in October as the shutdown for maintenance of oil fields dampened production, the Office for National Statistics reported Wednesday. Industrial production declined 1.3 percent from September, the biggest fall since September 2012. Economists had forecast an increase of 0.2 percent after a 0.4 percent fall in September.
Shares of Credit Suisse Group AG gained around 8 percent in the morning trading in Zurich after the Swiss banking giant raised its group cost savings target, and also confirmed its medium-term 2018 pre-tax income target.
Early indications suggest that Wall Street stocks may get off to a racing start on Wednesday's session. Mortgage application data, and Job Creation index are scheduled for the day. The market may react to the monthly Job openings report also. Asian shares closed higher and European shares are mostly advancing.
As of 6:15 am ET, the Dow futures are climbing 23 points, the S&P 500 futures are advan
European stocks rallied on Wednesday, with banks surging higher on reports that Italy is preparing to take a 2 billion euros controlling stake in troubled lender Monte dei Paschi di Siena.
Credit Suisse announced more than 1 billion Swiss francs ($991 million) in extra cost cuts and base metals prices...
It is almost the end of the year. With the exception of a few, many of the biotech stocks, like the following, on which investors had bet big this year have served up only heartbreak. Now, let's take a look at some of the pending clinical trial catalysts of this month, which will make it a December to remember.
U.K. shares surged higher on Wednesday, with miners and banks leading the gainers, after copper prices rose and reports suggested that Italy is preparing to take a 2 billion euros controlling stake in troubled lender Monte dei Paschi di Siena.
Market participants are also expecting that the European...
Fast food major McDonald's is investing in $12,000 espresso machines for all of its U.S. restaurants, with a view to challenge Starbucks and Dunkin' Donuts in the coffee business, Bloomberg reported. Aiming to attract more customers, the company plans to reintroduce its coffee shop McCafe in 2017..