General Electric Co Chief Executive Larry Culp said on Wednesday that the company will likely have weaker quarters for the rest of the year after a surprisingly good start in the first quarter.
U.S. President Donald Trump said on Wednesday he would be happy to keep tariffs on Chinese imports, prompting Beijing to threaten retaliation, as the world's two largest economies prepared to resume talks to end a trade war that has roiled global supply chains and financial markets.
Huawei said on Wednesday that it will seek to stay extradition proceedings against its detained chief financial officer, saying her business activities were conducted with the full knowledge of banking officials.
Uber drivers in London and New York started a series of multi-city strikes on Wednesday to protest the disparity between gig-economy conditions and the sums that investors are likely to make in Friday's blockbuster stock market debut.
Equity markets in Europe and the United States climbed and safe-haven bond prices fell on Wednesday after the White House said it had received an indication from China that it wanted to make a trade deal with the United States that had appeared on the brink of unraveling.
U.S. stocks edged higher on Wednesday, on track to snap this week's streak of losses as investors clung to hopeful notes within the latest developments in U.S.-China trade relations ahead of a crucial round of negotiations.
Proxy advisory group ISS has advised JPMorgan Chase & Co shareholders to vote against the bank's executive compensation at its upcoming annual shareholder meeting, according to a report the firm published this week that was seen by Reuters.
Under political pressure not to cut jobs, General Motors Co announced on Wednesday it was in talks to sell its Lordstown, Ohio, plant to an electric truck-building company and also said it would maintain some operations at a Canadian factory.
The United States will raise tariffs on $200 billion worth of Chinese imports to 25 percent from 10 percent effective on Friday, according to a notice posted to the Federal Register on Wednesday.
China's commerce ministry said on Wednesday it would take retaliatory measures if Washington went ahead with a plan to raise tariffs on Chinese imports on Friday.
