U.S. stocks headed lower on Wednesday with technology bearing the brunt of falls soon after opening as investors worried over rising bond yields, corporate costs and rising trade tensions with China.
Recent Business News
LIPETSK, Russia French fries at McDonald's restaurants from Moscow to Murmansk will be Russian from now on, as U.S. sanctions have spurred on a shift by the American fast-food chain to use local potatoes.
IMPERIAL, Pennsylvania General Electric CO employees and shareholders voiced frustration on Wednesday with the company's poor performance, while attending the first annual meeting under Chief Executive Officer John Flannery, who has presided over a 43 percent decline in GE's stock price since taking over on Aug. 1.
Twitter Inc reported its second profitable quarter on Wednesday and topped Wall Street estimates for revenue, profit and monthly active users, as advertisers in Asia and other markets outside the United States embraced its video ads.
BRUSSELS Anheuser-Busch InBev , the world's largest brewer, is hopeful that the United States will grant permanent exemptions to aluminum imported from allies and wants U.S. Congress to look into price spikes that have already set in.
Boeing Co's profit jumped by more than half in the first quarter, surging past Wall Street forecasts, and strong sales of commercial jets led it to raise its forecasts for cash flow and earnings after a record 2017. | Video
Keeping Score podcast