Nikola Corp's talks with energy firms including BP PLC to build hydrogen-refueling stations have been stalled following a short-seller's allegations that the electric automaker misled investors, the Wall Street Journal reported.
Shares fell on Wednesday and the dollar hit its strongest level in two months as data cast a pall on the economic outlook, reaffirming concerns that new restrictions to counter coronavirus infections will hurt the recovery.
Hoping to convince investors they will keep monetary policy super easy for years, two Federal Reserve officials on Wednesday explicitly pledged no rate hikes until inflation gets to 2% and stays there.
Wall Street's main indexes fell sharply on Wednesday after data showing a cooling of U.S. business activity and the stalemate in Congress over more fiscal stimulus heightened concerns about the economy while the coronavirus pandemic remains unchecked.
United Airlines has agreed to delay the effective date of pilot furloughs until Oct. 30 while union members vote on a broader deal that would protect some 2,850 jobs for months longer.
Federal Reserve Governor Randal Quarles on Wednesday painted a somewhat optimistic picture of a U.S. recovery powered by consumer spending, but said risks are weighted to the downside and the economy still needs further support.
The U.S. central bank's job is to eliminate employment shortfalls, and it will look to inflation to gauge whether it is meeting that goal, San Francisco Federal Reserve President Mary Daly said on Wednesday.
With the pandemic lasting longer than expected, more fiscal aid is needed to keep U.S. businesses and households afloat, Boston Federal Reserve President Eric Rosengren said on Wednesday.
JPMorgan Chase & Co is set to pay nearly $1 billion to resolve market manipulation investigations by U.S. authorities into its trading of metals futures and Treasury securities, a person familiar with the situation said on Wednesday.
TikTok asked a U.S. judge on Wednesday to block a Trump administration order that would require Apple Inc and Alphabet Inc's Google to remove the short video-sharing app for new downloads starting on Sunday.
A federal judge gave the WeChat messaging app a temporary break from a U.S. order barring downloads. But the White House still wants to ban Chinese tech firms, borrowing bricks from the mainland's Great Firewall. Gina Chon explains why it ups the ante on online protectionism.
Income earned from work worldwide dropped by an estimated 10.7%, or $3.5 trillion, in the first nine months of 2020, compared to the same period a year ago, the International Labour Organization (ILO) said on Wednesday. Conway G. Gittens reports.
Sponsored by IBM: Cost of a Data Breach Report
What could a data breach cost your business? Discover data breach costs, causes and best practices, based on analysis of 500+ security incidents.
