The U.S. dollar gained on Wednesday as data supported the view that the U.S. economy is in strong shape and as concerns about Italy’s budget negotiations continued to weigh on the euro.
Stock markets around the world were mixed on Wednesday amid signs that Rome would cut budget deficits and decrease its debt in the coming years, while U.S. Treasuries yields hit multi-year highs and the dollar firmed as data pointed to another Federal Reserve rate hike.
U.S. holiday sales in 2018 will increase 4.3 percent to 4.8 percent boosted by a strong economy but will be slower than a year ago when consumer spending surged to a 12-year high, according to a forecast from a leading retail industry group.
Facebook Inc's photo-sharing social network Instagram is back up for some users on Wednesday, after suffering a worldwide outage days after it installed a new head of the app.
Facebook's lead regulator in the European Union, the Irish Data Protection Commissioner (DPC), on Wednesday commenced an investigation into a massive cyberattack on the social networking site that the company disclosed last week.
Honda Motor Co Ltd will invest $2.75 billion in General Motors Co's Cruise Automation, the second outside multibillion-dollar commitment to the self-driving vehicle unit this year and an affirmation of the U.S. automaker's strategy for the emerging technology.
Wall Street rose on Wednesday, with the Dow Jones Industrial Average hitting a record high for a second day after economic data boosted Treasury yields and lifted financial stocks.
Brent crude rose to a four-year high on Wednesday, as the market focused on upcoming U.S. sanctions on Iran while shrugging off the year's largest weekly build in U.S. crude stockpiles and reports of higher Saudi Arabian and Russian production.
Dell Technologies Inc confirmed on Wednesday it had met with some investment banks to explore an initial public offering if its plan to buy the tracking stock of VMware Inc falls through.
Related Videos
Introducing the all-new Reuters News app
The new Reuters News app is here, redesigned from the ground up to fit your busy life.
