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US homebuilder confidence hits record high in September

U.S. single-family homebuilder confidence increased to a record high in September as historically low mortgage rates continue to boost the housing market despite the COVID-19 recession, which has left tens of millions of Americans unemployed.

Markets

US Senate panel delays consideration of FAA reform bill

The U.S. Senate Commerce Committee has postponed consideration of a bill to overhaul how the Federal Aviation Administration certifies new airplanes in the wake of two fatal Boeing 737 MAX crashes, a spokesman for Democrats on the panel confirmed.

Markets

Canada’s annual inflation remained at 0.1per cent in August

Canada's annual inflation rate remained at 0.1per cent in August as rising food prices were offset by declining gasoline costs, Statistics Canada said on Wednesday. Analysts in a Reuters poll had forecast the rate would remain at 0.1per cent, far below the Bank of Canada's 2per cent target.

Markets

Ferrari unveils new version of Portofino bestseller

Ferrari presented the Portofino M, a modified version of its top-selling Portofino gran tourer, on Wednesday, continuing a rapid rollout of new models despite the coronavirus pandemic.

Markets

Arm China investor sues company, escalating CEO spat amid sale

The Chinese division of UK-based chip designer Arm Ltd has been sued by an investor over its board's attempt to oust the unit's chief executive, escalating an internal dispute at a time when the tech group is on the verge of being taken over in a US$40 billion deal....

Markets

United adds antimicrobial coating on aircraft to protect against COVID-19

United Airlines said on Wednesday it would add an antimicrobial coating to the airline's safety and cleaning procedures to protect against the novel coronavirus.

Markets

Exclusive: Top Huawei executives had close ties to company at center of US criminal case

An obscure Hong Kong-registered company stands at the center of the U.S. criminal case against China's Huawei Technologies and its chief financial officer.

Markets

Nasdaq makes push into anti-money laundering tech with new AI-based system

Exchange group Nasdaq said on Wednesday that it is launching AI technology to help retail and commercial banks automate anti-money laundering (AML)investigations, as it expands into the financial crime software market.

Markets

Futures rise on optimism around Fed; FedEx results shine

U.S. stock index futures rose on Wednesday as investors hoped for a pledge by the Federal Reserve to keep interest rates low for a prolonged period, with upbeat quarterly results from FedEx also boosting sentiment.

Markets

Color blind? How boardroom diversity data eludes advocates

Last month CtW Investment Group urged Fresenius Medical Care AG to add diverse directors to its board. The group determined the German company lacked diversity by studying photos of directors and reviewing their backgrounds online to determine their race.

Markets

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