Market Pulse - Usa
US close: Markets finish lower as sentiment sours
Wall Street swung into negative territory by the close on Wednesday, as investors thumbed over the latest reading on inflation and earnings from the likes of Macy's and Blue Apron.
US should hike foreign investment to curb China influence, says Congress report
A report from a US congressional commission recommends that Washington fund infrastructure in developing nations in order to counter Chinese financing deals.
US open: Positive open on the Street following in-line inflation report
Wall Street trading began on a positive note on Wednesday as investors thumbed over the latest reading on inflation and earnings from the likes of Macy's and Blue Apron.
US 'core' October CPI falls short of analysts' forecasts
Inflation in the US accelerated as expected last month, pushed higher by increased energy costs, but underlying price pressures were more modest than economists had anticipated.
Touchstone Exploration swings to profit after production jumps
Touchstone Exploration reported on Wednesday that it swung to a profit in the third quarter as the Trinidadfocused oil and gas company benefitted from increased production and rising oil prices.
WeWork value jumps to $42bn as SoftBank provides more backing
New York-based office sharing outfit WeWork was valued at a mammoth $42bn as it agreed another major investment from Japanese conglomerate SoftBank.
Snap faces probe from DoJ and SEC over IPO disclosures
US government agencies have launched an investigation into complaints that Snap attempted to cover up the potential threat to growth prospects of its Snapchat platform ahead of its initial public offering last year.