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Dow tops 21,000 after Trump speech, rate hike talk

The Dow crossed the 21,000 mark for the first time on Wednesday after U.S. President Donald Trump's measured tone in his first speech to Congress lifted optimism and investors viewed a looming interest rate hike as a glass half full. | Video

Recent Business News

U.S. consumer spending slows; inflation pressures firming

WASHINGTON U.S. consumer spending cooled in January as demand for automobiles and utilities fell, but inflation recorded its biggest monthly increase in four years, raising the probability of an interest rate hike from the Federal Reserve this month.

1:30pm EST

U.S. truck, SUV sales stay strong in February, but at a price

DETROIT February U.S. auto sales, an indicator of consumer spending, fell slightly even as automakers stepped up discounting to sustain sales, major manufacturers reported on Wednesday.

2:00pm EST

McDonald's turns to technology, value to win back lost customers

CHICAGO McDonald's Corp later this year will give U.S. customers the opportunity to order and pay via their cell phones as it fights to win back customers lost to other fast-food rivals.

1:28pm EST

PepsiCo to cut jobs in Philly as sales lose fizz after soda tax

PepsiCo Inc said on Wednesday it would cut 80 to 100 jobs in Philadelphia as the city's new sugar-sweetened beverage tax hurts demand for its products.

3:20pm EST

After 15 years, lawsuit against UBS over Enron collapse is dismissed

A federal judge in Houston has thrown out a lawsuit accusing UBS Group AG of hiding fraud by its client Enron Corp from retail customers, a decision that may end a 15-year legal battle stemming from the energy company's December 2001 bankruptcy.

1:23pm EST

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