American Airlines Group Inc Chief Executive Doug Parker said it was "highly likely" that the grounded Boeing Co 737 MAX would be flying by mid-August following regulatory approval for a software fix.
General Motors Co president Mark Reuss said on Wednesday that the automaker is investing about $150 million at its Flint Assembly plant, Michigan to boost production of heavy duty trucks by another 40,000 vehicles a year.
Tesla Inc shares were down 2% on Wednesday, as analysts remained divided on the electric-carmaker's chances of meeting delivery and production targets in the months ahead, despite Chief Executive Officer Elon Musk's reassurances at an annual shareholder meeting.
Wall Street's main indexes dropped on Wednesday on worries of a prolonged U.S.-China trade war after Washington hardened its stance, but losses were cushioned by a muted reading on inflation that backed the case for an interest rate cut.
Oil futures sank on Wednesday amid higher U.S. crude inventories and a weaker demand outlook, while uncertainty over the U.S.-China trade war and its potential economic impact weighed on stock markets.
"I actually think it's more likely that President Trump hurts Apple more than President Xi," says CNBC's Jim Cramer.
Renault sees the strengthening of its Nissan alliance as a priority after a project to merge with Fiat Chrysler failed last week, the French car maker's chairman Jean-Dominique Senard said on Wednesday.
The feds blocked a move by blue states to craft a workaround to the Tax Cuts and Jobs Act limiting state and local tax deductions, saying receipt of a SALT credit in return for making such a contribution would constitute a quid pro quo.
Basketball superstar Kevin Durant's injury may have reshaped the outlook of the NBA's upcoming free agency period, but it also sent ripples through Wall Street.
A Goldman Sachs portfolio that tracks industry-dominant "superstar" companies is beating the stock market over the last three years.
General Motors Co president Mark Reuss said on Wednesday that the automaker is investing about $150 million at its Flint Assembly plant, Michigan, to boost production of heavy duty trucks by another 40,000 vehicles a year.
U.S. consumer prices barely rose in May, pointing to moderate inflation that together with a slowing economy increased pressure on the Federal Reserve to cut interest rates this year.
The chairman of French car maker Renault said he was confident of reaching an agreement with partner Nissan on the composition of the Japanese company's main board committees.
U.S. President Donald Trump said on Wednesday he is sure China and Hong Kong will be able to work things out after mass protests against an extradition bill that would allow people to be sent to mainland China for trial descended into chaos.
The grounded Boeing Co 737 MAX is "highly likely" to be flying by mid-August, American Airlines Group Inc Chief Executive Doug Parker told shareholders on Wednesday.