Wall Street closed higher on Wednesday as investor optimism was stoked over hopes the United States and China could iron out a trade deal, and benign inflation data suggested the Federal Reserve would hold interest rates steady in the near term.
Oil prices rose almost 2 percent on Wednesday after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production, but swelling U.S. crude inventories limited the day’s gains.
Cisco Systems Inc reported second-quarter revenue that beat Wall Street estimates on Wednesday, as the network gear maker benefited from its shift to newer businesses such as application software and cyber security.
Seven U.S. Democratic senators urged President Donald Trump on Wednesday to press China for a trade deal that fully addresses the technology transfer and intellectual property concerns outlined by U.S. Trade Representative Robert Lighthizer.
Wall Street closed higher on Wednesday as investors were hopeful that the United States and China could iron out a trade deal and as benign inflation data suggested the Federal Reserve would hold interest rates steady in the near term.
The FBI is investigating energy trading firm Vitol’s top two executives in the Americas in connection with a Brazil bribery case, two sources with direct knowledge of the matter said, deepening the U.S. role in a probe of foreign oil firms’ dealings with state-controlled Petrobras.
Democratic lawmakers on Wednesday said Congress would oppose U.S. military intervention in Venezuela and challenged the credibility of President Donald Trump’s special envoy, Elliott Abrams, over his past embrace of American covert action.
U.S. President Donald Trump and Chinese President Xi Jinping are expected to meet next month, a U.S. Department of Agriculture official said at an industry event on Wednesday, as the two countries try to hammer out a deal to end a tit-for-tat tariff battle.
U.S. President Donald Trump said on Wednesday trade talks with China were “going along very well” as the world’s two largest economies try to resolve their seven-month tariff war ahead of a March 1 deadline for a deal.
The former top corporate lawyer at Apple Inc was criminally charged by the U.S. Department of Justice on Wednesday with insider trading ahead of six of the iPhone maker’s quarterly earnings announcements.
The U.S. federal government ran a $14 billion budget deficit in December as revenues sagged following last year’s tax cuts even as the economy appeared strong, Treasury Department data showed on Wednesday.
The U.S. Department of Agriculture’s deputy secretary said on Wednesday he is “hopeful” the administration will complete its rule allowing year-round sales of a higher ethanol blend of gasoline by summer, but the government should use “discretionary enforcement” of the summertime ban if there is a delay.
Cities that were shunned in Amazon.com Inc’s search for a secondary corporate headquarters are revisiting their bids in case one of the actual winners, New York City, rejects the corporate giant due to opposition from local politicians.
Apple Inc logged tens of thousands of miles testing self-driving cars in 2018, up sharply from just hundreds of miles the year before, according to data released Wednesday by the California Department of Motor Vehicles.
Hilton Worldwide Holdings Inc on Wednesday provided a better-than-feared outlook for its key U.S. and China markets amid concerns around slowing global economic growth and trade wars, sending its shares up 7 percent.
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