Ford Motor lowered the full-year earnings forecast amid slumping sales, trade tariffs in China and the company's struggling business in Europe.
PayPal Holdings Inc reported that the company's second-quarter profit beat analysts' estimates, but its projection for revenue in the third quarter came up short.
The economic growth of South Korea slowed in the second quarter, as consumption dropped, capital investment fell rapidly, while weaker export rise highlighted concerns on the trade outlook in the H2 of the year.
China's online group discounter Pinduoduo priced the US initial public offering at $19 per ADS, raising $1.63B in the second-largest US float by a China's company this year, according to sources familiar with the matter.
According to a recent study by ResearchAndMarkets.com, the 5G market in North America is expected to grow at a CAGR of 77%, thus being worth $128B by 2025.
US stock indexes, including the S&P500, the Dow and the Nasdaq, rose on Wednesday, boosted by a possible trade deal between the US and the EU.
The US President Donald Trump said on Wednesday that he hoped to agree on a fair and mutually beneficial trade deal between the United States and the European Union.
The US-based insurance firm Insurer Anthem reported on Wednesday a 23% surge in its net income to $1.05B in Q2Y2018, boosted by lower patient costs and higher premiums.
The CEO of Deutsche Bank Christian Sewing said the bank was showing signs of recovery after internal restructuration even despite reporting a 14% drop in its net profit in Q2Y2018.
Germany has estimated that additional debt relief for Greece would cost around €34B within the following 10 years, as reported by Frankfurter Allgemeine Zeitung.
The Iranian government approved on Wednesday Abdolnaser Hemmati as the new Governor of the Central Bank of Iran.
xG Technology Inc, a developer of wireless communication and sharing, has appointed its former CFO and co-founder Roger Branton as the new Chief Executive Officer.
On Wednesday, the Chinese President Xi Jinping asked BRICS nations not to accept unilateralism caused by US tariff threats, as a global trade war would 'leave no winner'.
The Energy Information Administration reported that US crude inventories fell by 6.1M barrels during the previous week which exceeded the estimate of -2.3M.
The carmakers General Motors Co and Fiat Chrysler Automobiles NV have reduced their full-year profit forecast, naming trade tariffs as one of the factors causing this cut.
Shares of the plane-maker Boeing Co declined 2.2% on Wednesday in response to the company cutting the operating margin forecast for its defence business to 10-10.5%.
China's government is planning to pull the approval for Facebook's planned venture in Zhejiang, according to the New York Times report.
On Wednesday, Check Point Software, the network security provider, posted a better-than-expected Q2 net profit, doubling its overall share buyback plan to $2.0B.
Alphabet's Waymo is launching trials with the self-driving cars set to ferry Walmart's shoppers to its stores in Arizona's Phoenix, the company announced on Wednesday.
On Tuesday, Verizon Communications reported its quarterly revenue and profit bet analysts' estimates, while its monthly subscriber reading missed the forecasts amid dearth of the special promotions.
Audi, the luxury automaker, announced on Tuesday it had launched a serial production of the electrical engines at the company's Hungarian plant.
On Wednesday, an advisor to the European court recommended the judges to rule against the EU veto of the UPS-TNT merger deal.
Tages Group, the alternative asset manager, announced on Wednesday it would acquire a 34% stake in the private equity firm VAM Investments with a possibility to buy the entire group within three years.
On Tuesday, Ford Motor announced it was establishing a separate $4B worth unit to house the self-driving car operations, in a similar to its rival General Motors's move made late in May.