Tech companies led the S&P 500 and the Nasdaq to record closing highs on Wednesday but the Dow lost ground on downbeat earnings, while the euro dropped to a two-month low, pressured by soft economic data.
Charter Communications submitted a proposal to the Justice Department to buy telecom assets being sold under the T-Mobile US Inc and Sprint Corp combination, but never heard back from the agency, three sources familiar with the matter said.
Facebook Inc beat analysts' estimates for revenue on Wednesday, even as the world's largest social network agreed to pay a $5 billion fine over data privacy and announced a U.S. antitrust investigation.
Short interest on the Nasdaq rose 0.8% in early July, the exchange said on Wednesday.
Betterment is answering questions from one of its regulators after launching a bank-like deposit product.
Tesla Inc on Wednesday posted a steeper-than-expected loss in its second quarter as profit margins on its vehicles narrowed, saying it still aimed for profit in the current quarter even as growth and cash took priority.
Facebook Inc beat analysts' estimates for revenue on Wednesday for a second straight quarter, but even as it agreed to pay $5 billion to settle a data privacy probe the company disclosed that it faces a new U.S. government antitrust investigation.
The U.S. Department of Justice is investigating whether big technology companies are engaged in anticompetitive behavior, addressing a rising tide of criticism they have become too powerful to the detriment of consumers.
U.S. Treasury Secretary Steven Mnuchin said on Wednesday that online giant Amazon.com Inc "destroyed the retail industry across the United States."
Ryanair cabin crew in Portugal are set to strike for five days in August in a dispute over pay and conditions, the SNPVAC union said on Wednesday.
Facebook Inc will pay a record-breaking $5 billion fine to resolve a government probe into its privacy practices and will boost safeguards on user data, the U.S. Federal Trade Commission and the social media company said on Wednesday.
Tesla Inc on Wednesday missed financial targets in its second quarter despite record deliveries of its electric vehicles, adding that the carmaker will break even, rather than post a profit, this quarter.
Facebook Inc said on Wednesday that new data privacy rules and forthcoming privacy-focused product changes would slow its revenue growth and significantly raise expenses, driving down its shares in after-hours trade even as quarterly revenue topped estimates.
U.S. sales at beauty retailer Sephora picked up in the second quarter after a sluggish end to 2018, its parent LVMH said on Wednesday, citing its continued tie-up with U.S. department store J.C. Penney .
Ford Motor Co on Wednesday reported a lower-than-expected profit, weighed down by charges to restructure its units in Europe and South America, and the automaker gave a full-year earnings forecast that fell short of analysts' expectations.