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13 hours 16 minutes ago

Tesla's furious rally pushes market value past $100 billion

Tesla Inc shares surged on Wednesday, and the company became the first publicly listed U.S. automaker to cross $100 billion in market valuation, more than Ford Motor Co and General Motors Co combined.

13 hours 18 minutes ago

Abbott hits all-time high on quarterly revenue beat

Abbott Laboratories Inc's shares rose to an all-time high on Wednesday after the device maker beat Wall Street estimates for quarterly sales on higher demand for its nutrition products and generic drugs.

13 hours 31 minutes ago

Laid-off Philadelphia refinery workers struggle with shrinking sector

Third-generation Philadelphia oil refinery worker Lee Murray wore his late father's hard hat every day of the 25 years he spent there.

13 hours 42 minutes ago

Oil slides 2% as surplus forecast overshadows Libya disruption

Oil prices fell more than 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries outweighed concern over disruptions to Libya's crude output.

13 hours 45 minutes ago

Wall Street analysts buy into Netflix optimism amid Disney threat

Netflix Inc acknowledged pressure from Disney+ after the company reported its quarterly results. But executives largely brushed off the long-term global impact of rivals that also include Apple, Comcast Corp's NBCUniversal and AT&T Inc.

13 hours 51 minutes ago

Amundi buys Banco Sabadell’s AM business

14 hours ago

Stocks tick up as China virus worries abate; oil drops

World stock markets bounced back on Wednesday, as swift updates from China about the spread of a new flu-like virus raised hopes the outbreak would be contained, while oil prices tumbled as a market surplus forecast outweighed supply concerns.

14 hours ago

Boeing says new MAX delay not due to new technical issues

Boeing's decision to advise customers its grounded 737 MAX jet was unlikely to secure flight approval until mid-year was not due to any new technical issues, a senior marketing executive said on Wednesday.

14 hours 2 minutes ago

Retirement funds AuM forecast to reach $61tn by 2025

14 hours 9 minutes ago

Incoming Abbott CEO says not looking to do any deals

Abbott Laboratories' incoming Chief Executive Officer Robert Ford said on Wednesday that deal-making was not on the company's agenda.