Morgan Stanley said on Wednesday the coronavirus outbreak in China was likely to hurt global growth in the near-term and could shave up to 1 percentage point off Chinese growth in the first quarter.
Bank of America analysts reiterated their underperform rating on Tesla, while raising its 12-month price target on Tesla to $350 from $240.
The U.S.-Mexico-Canada trade agreement (USMCA) signed by President Donald Trump on Wednesday modernizes the 26-year-old North American Free Trade Agreement, which has been blamed for hollowing out the U.S. manufacturing sector.
Oil was mixed on Wednesday as worries about the coronavirus outbreak and swelling U.S. crude inventories weighed on prices, counter-balanced by talk that OPEC could extend oil output cuts.
U.S. stock indexes rose on Wednesday, boosted by shares of Apple, Boeing and General Electric following their results, while investors assessed the economic damage of the fast-spreading coronavirus outbreak.
Greater certainty around Argentina's public policies could help reactivate growth and investments in the recession-hit South American country, the International Monetary Fund said on Wednesday.
Second-tier banks in Italy, Spain and possibly Germany are likely to consider mergers this year in a bid to boost returns which are insufficient to cover their cost of equity, the chief executive of investment bank Mediobanca said.
Ford Motor Co owned Lincoln Motor on Wednesday confirmed its plans to make battery-powered electric vehicles in partnership with Ford-backed startup Rivian.
With past recipients of huge jackpots, there are some common themes in how they said they'd spend at least some of their windfall, based on a review of recent winners' stated intentions.
The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with officials pointing to continued moderate U.S. economic growth and a "strong" job market.
The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with officials pointing to continued moderate U.S. economic growth and a "strong" job market.
KLM, the Dutch arm of Air France KLM, will scrap some flights to China due to the coronavirus outbreak in the North Asian country, it said late on Wednesday.
General Electric Co sold more investors on its turnaround story on Wednesday, sending shares 10% higher on its quarterly profit and cash results that beat forecasts, and its bullish cash target for 2020.
U.S. short-term interest rate futures dropped but only slightly on Wednesday after the Federal Reserve wrapped up its January meeting without changing interest rates or signaling it was in any rush to do so.
Following is the full text of the statement released by the Federal Reserve's Federal Open Market Committee on Wednesday following a two-day meeting: