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Updated: 59 min 34 sec ago

McDonald's sees 2020 spending on tech after sales beat; breakfast competition looms

4 hours 16 min ago
McDonald's Corp beat quarterly sales forecasts on Wednesday and said it would spend more on technology and research in 2020, as the world's largest burger chain bets on revamped stores and menu additions to lure diners and gain market share.

Goldman Sachs sets growth targets but urges investor patience

4 hours 24 min ago
Goldman Sachs Group Inc on Wednesday set targets to grow its fledgling consumer unit and transaction banking business while improving efficiency and returns to shareholders, but urged patience at its first-ever investor day presentation.

Stocks gain on solid results, but virus keeps safe-havens alive

4 hours 26 min ago
Global equity markets edged higher on Wednesday on strong results from Apple and others but concerns about the coronavirus outbreak in China dampened investor enthusiasm, keeping a safe-haven bid in gold and the dollar alive.

Oil mixed as virus fears offset by talk of OPEC cut extension

4 hours 42 min ago
Oil was mixed on Wednesday as worries about the impact of the coronavirus outbreak and swelling crude inventories in the United States weighed on prices, while talk that OPEC could extend oil output cuts provided support.

Wall St. off early highs as weak earnings, coronavirus concerns weigh

4 hours 53 min ago
U.S. stock indexes retreated from early highs on Wednesday as a spate of disappointing earnings reports offset strong gains in Apple and Boeing, while investors assessed the economic impact of the fast-spreading coronavirus outbreak.

Fed likely to keep interest rates on hold as coronavirus worries grow

5 hours 12 min ago
The U.S. Federal Reserve will end its latest policy meeting on Wednesday with interest rates likely on hold, adjustments to its balance sheet under discussion, and China's widening coronavirus outbreak posing an unexpected risk to the global economy.

GE to halve 737 MAX engine deliveries but raises cash target

5 hours 23 min ago
General Electric Co plans to slash 737 MAX engine deliveries to Boeing Co roughly in half this year but set higher cash target for 2020 as it reported quarterly profit and cash flow that beat analysts' estimates on Wednesday.

Britain's BBC to axe 450 newsroom jobs in cost-cutting drive

5 hours 25 min ago
The BBC said on Wednesday it will axe 450 jobs from its news division in a cost-saving plan that will result in cuts at the World Service and its 5Live radio station and in fewer reports being made by analysis show Newsnight.

UK's Huawei decision will not affect intelligence-sharing: PM's spokesman

5 hours 39 min ago
Britain's decision to allow China's Huawei to have a role in its 5G networks does not affect the country's ability to securely share intelligence data, Prime Minister Boris Johnson's spokesman said on Wednesday.

Wall St. gives up early gains as weak earnings weigh

5 hours 43 min ago
U.S. stocks gave up early gains on Wednesday, as a spate of disappointing earnings reports offset strong gains in Apple and Boeing, while investors assessed the economic impact of a fast-spreading coronavirus.

Oil mixed amid virus fears and talk of OPEC cut extension

5 hours 44 min ago
Oil prices were mixed on Wednesday as worries about the impact of the coronavirus outbreak on demand were offset by talk that OPEC could extend oil output cuts.

Warren Buffett gives up on newspapers; Berkshire sells unit to Lee Enterprises

5 hours 45 min ago
Warren Buffett's Berkshire Hathaway Inc agreed to sell its newspaper business to Lee Enterprises Inc for $140 million in cash, abandoning an industry the billionaire investor had long defended even as its financial prospects deteriorated.

Shades of Ronaldo; Agnelli heir swoops for soccer star's sunglasses

5 hours 46 min ago
Luxury eyewear group Italia Independent is hoping to borrow some of Cristiano Ronaldo's star appeal.

U.S. banks on Hong Kong Exchange's 'named and shamed' list

5 hours 58 min ago
Wall Street investment banks JPMorgan and Morgan Stanley have been placed on the Hong Kong Stock Exchange's "named and shamed" list after the $300 million initial public offering (IPO) of Chinese biotech company Akeso Inc. was sent back for not meeting the correct regulatory requirements.

Boeing swings to annual loss as 737 MAX costs near $19 billion

5 hours 59 min ago
Boeing Co on Wednesday swung to its first annual loss since 1997 on mounting 737 MAX costs and indicated it would again cut production of its bigger 787 Dreamliner aircraft, currently its main source of cash.

Goldman unveils long-term targets to grow new businesses, revenues

6 hours 13 min ago
Goldman Sachs Group Inc on Wednesday set aggressive targets to grow many of its businesses, as the Wall Street powerhouse tries to make meaningful inroads in areas dominated by larger rivals JPMorgan Chase and Bank of America

Explainer: What the U.S. Federal Reserve is watching this year

6 hours 16 min ago
The U.S. Federal Reserve is expected to keep interest rates unchanged when it wraps up its first policy meeting of the year on Wednesday.

Apple's iPhone strength is back and analysts say it is here to stay

6 hours 16 min ago
Wall Street analysts were smitten by a rebound in sales of Apple Inc's iPhones after a year of decline. So much, in fact, that they looked past a weaker-than-expected rise in services revenue, the company's growth driver.

Apple, Boeing bolster Wall Street at open

6 hours 17 min ago
Wall Street opened higher on Wednesday as a surge in shares of Apple, Boeing and General Electric after their results overshadowed concerns over the economic impact of a fast-spreading coronavirus.

Buffett's Berkshire sells newspaper business, including hometown paper, to Lee Enterprises

6 hours 21 min ago
Warren Buffett's Berkshire Hathaway Inc said on Wednesday it is selling its newspaper operations to Lee Enterprises Inc , abandoning an industry the billionaire investor had long supported and defended even as its financial prospects deteriorated.

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