Brent oil prices rose on Wednesday on expectations that major producers have moved closer to an agreement to enact deeper output cuts aimed at offsetting the slump in demand caused by the coronavirus outbreak.
General Electric Co said on Wednesday it would take a hit of $300 million to $500 million to its first-quarter cash flow from the coronavirus outbreak, while reaffirming its cash and profit targets for the full year.
U.S. regulators will gather Wednesday at a scheduled meeting of the Financial Stability Oversight Council (FSOC) to discuss risks to the United States and beyond. With fears around coronavirus driving market turmoil not seen since the 2007-2009 financial crisis, here are some of the top risks in their sights.
An Australian court on Tuesday ordered Johnson & Johnson to pay three women a total of A$2.6 million ($1.7 million) plus legal costs as compensation for misleading patients and surgeons about the risks of its pelvic mesh implants.
Bayer AG's takeover of Monsanto has been beset by problems, and now a decades-long dominance of the $4 billion U.S. soybean seed market is under threat from rival Corteva Inc.
Bonds held onto gains on Wednesday after the U.S. Federal Reserve's surprise 50 basis point interest rate cut, part of global efforts to contain economic damage from the coronavirus outbreak.
General Electric Co on Wednesday reiterated its 2020 cash and profit targets but warned its first-quarter cash flow would take a hit of $300 million to $500 million due to the coronavirus outbreak.
U.S. stock markets looked set to cheer a strong showing for Joe Biden in the Super Tuesday Democratic primaries on Wednesday, with Dow and S&P index futures rebounding around 2% from heavy losses a day earlier.
Your stock portfolio may be in the red, but it doesn't have to be all bad news for your finances. Tax-loss harvesting allows you to ditch your biggest losers and trim your tax bill.
U.S. stocks jumped more than 2% moments after the open on Wednesday as investors cheered Joe Biden's surprise lead in the Democratic primaries.
The alternative minimum tax — a levy that applies to high-income households — is mostly a thing of the past. While nearly 5 million households were subject to it in 2017, fewer than 150,000 people paid it in 2018, the IRS found.
Will the world's big central banks leave U.S. Federal Reserve Chair Jerome Powell hanging? They're certainly going to try.
France's high court has granted an Uber driver's request to reclassify his contractual relationship with the ride-hailing operator as an employment contract, it said on Wednesday.
Fiat Chrysler Automobiles said on Wednesday its U.S. sales chief, Reid Bigland, is leaving the company to pursue other interests.
Dollars will stretch the farthest in cities like Memphis, Tennessee, but in San Francisco, retirees can blow through $1 million in less than a decade.