U.S. stocks suffered their biggest one-day percentage drop in three months on Wednesday, adding to losses after the latest Fed statement as major indexes were also pressured by a slump in Boeing and a selling of long positions by hedge funds.
Apple Inc on Wednesday reported holiday quarter sales and profits that beat Wall Street expectations, as new 5G iPhones helped push handset revenue to a new record and sparked a 57per cent rise in China sales.
Denim maker Levi Strauss & Co beat analysts' estimates for quarterly revenue on Wednesday, as higher online sales cushioned the blow from a slump in store traffic due to the COVID-19 pandemic.
Facebook Inc may face questions about fallout from U.S. election controversies when it posts earnings on Wednesday, but top of mind for investors is a less political matter: the company's heavy bet on e-commerce to drive ad sales.
AT&T Inc said on Wednesday it wrote down its premium TV business, which includes satellite television unit DirecTV, by US$15.5 billion, reflecting the impact of years of cord-cutting in the industry as viewers move to cheaper online streaming services.
Rolls-Royce is pushing ahead with its new greener engine UltraFan for now, confident that airlines will need it in the post-pandemic recovery even as new technologies catch up, the head of the project told Reuters.
Fiat Chrysler said Wednesday it had reached an agreement to settle a criminal probe by US prosecutors into alleged illegal payments to former United Auto Workers (UAW) officials by former company employees.
Christian Klein, CEO of German software group SAP, on Wednesday launched a campaign to encourage customers to move operations to the cloud, a shift that has brought short-term pain to investors but one that he hopes will pay off over time.
Global bets worth billions of dollars could be at risk as amateur share traders challenge the bearish positions of influential funds, inflating stock valuations and leaving the professionals looking at potentially hefty losses.
Google's iPhone apps such as Maps and YouTube will stop using a tool from Apple that allows them to personalise ads, avoiding a new Apple warning that informs users their browsing is being tracked.
