Tesla Inc on Wednesday posted a second-quarter profit despite the ongoing global pandemic, sending its stock up 6% in after-hours trading and clearing a hurdle that could lead to the electric carmaker's inclusion in the S&P 500 index .
Ford's Mexico unit said on Wednesday that a railway blockade in the Mexican border state of Sonora is affecting operations at its Hermosillo plant in the same state, as well as hitting imports and exports to and from the United States.
Chipotle Mexican Grill Inc posted better-than-expected results on Wednesday and said it would continue to invest in its already-strong digital business and launch new menu items.
Microsoft Corp's flagship cloud computing business Azure reported sales growth of under 50% for the first time ever on Wednesday, sending the tech giant's shares down 3%.
America's frozen pork inventories were down 25% from a year earlier at the end of June, the U.S. Agriculture Department said on Wednesday, after outbreaks of the coronavirus among meatpacking workers slowed production.
Gold surged and world equity markets slid for most of Wednesday after the United States ordered China to close its consulate in Houston in a sign of worsening bilateral relations, while the euro gained on the European Union's massive recovery fund.
Wall Street ended higher on Wednesday after a see-saw session as investors digested mixed quarterly results and contentious stimulus negotiations in Washington.
Tesla Inc's shares extended their rally on Wednesday ahead of a quarterly report from the electric car maker that might clear the way for it to join the S&P 500 and attract over $40 billion in new demand for the stock.
A steady decline in the dollar has accelerated in recent weeks, as a resurgent coronavirus outbreak in the United States and improving economic prospects abroad sour investors on the currency.
Goldman Sachs Chief Executive Officer David Solomon said Wednesday there is "no excuse" why the bank's recruits from top U.S. universities are not more diverse, and said he wants to move faster to increase diversity among the bank's senior ranks.
Sales of previously-owned homes saw a record 20.7 percent rebound in June after three months of declines, the buying was fueled by historically-low mortgage rates. Conway G. Gittens has the details.
United Airlines said Wednesday it is extending face mask requirements to all of its airport areas across the world starting on July 24 and tightening exemptions to only cover children under the age of two. Fred Katayama reports.
Sponsored by IBM: 2019 Cost of Data Breach Study
The 14th annual study, conducted by Ponemon Institute and sponsored by IBM, analyzes data breach costs reported by 507 organizations around the world.
