 | | | | The S&P 500 slipped on Wednesday after ending the previous session with a record and the Nasdaq failed to hold all-time highs reached earlier in the day while investors waited for more earnings reports. | | | | | | Walmart Inc is taking control of the supply chain for Angus beef sold in some of its stores, cutting out meat processors as the company looks to offer higher quality products in an intensely competitive grocery industry. | | | | | | A U.S. government settlement with Goldman Sachs Group Inc over its role in the 1MDB corruption scandal should include a guilty plea at the parent company level, U.S. Department of Justice staff have recommended, according to a Financial Times report on Wednesday. | | | | | | Microsoft Corp beat Wall Street estimates for quarterly profit and revenue on Wednesday, powered by adoption of its Azure cloud computing service and the subscription version of its Office software. | | | | | | Chipotle Mexican Grill Inc beat Wall Street estimates for quarterly same-store sales on Wednesday, as the restaurant chain's emphasis on fresher menu and investments in online ordering and delivery boosted customer transactions. | | | | | | Facebook Inc beat analysts' estimates for quarterly revenue on Wednesday, aided by growth in its Instagram business and a surge in advertising sales, while also setting aside up to $5 billion to cover anticipated official U.S. privacy penalties. | | | | | | The euro fell against the U.S. dollar on Wednesday after data showed a surprise deterioration in German business morale, raising fears of slowing global growth and weighing on a gauge of world equity markets, including Wall Street. | | | | | | Visa Inc reported a 14.3 percent jump in quarterly profit on Wednesday as a tightening labor market and growth in wages spurred consumer spending, leading to more people swiping their credit- and debit-cards using the company's extensive network. | | | | | | Norwegian Air has agreed with Airbus and Boeing to reschedule delivery of aircraft to cut capital spending, the loss-making budget carrier said on Wednesday. | | | | | | Boeing Co on Wednesday abandoned its 2019 financial outlook, halted share buybacks and said lowered production due to the grounding of its fastest-selling 737 MAX jet after two fatal plane crashes in five months had cost it at least $1 billion so far. | | | | | | A New York judge has put on hold a lawsuit by U.S. private equity firm Blackstone Group LP against Italian publisher RCS Mediagroup over the disputed sale of real estate assets, pending the outcome of an arbitration in Italy. | | | | | |
