Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
Gluskin Sheff's David Rosenberg reinforces his recession forecast following the Federal Reserve's September meeting.Futures Nowread more
"This would be the most profound violation of the presidential oath of office certainly during this presidency," House Intelligence Chair Adam Schiff said.Politicsread more
A 58% majority of registered voters express unease about voting for Trump, but slightly more say the same about Joe Biden and Bernie Sanders, while Elizabeth Warren fares only...Politicsread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
European stocks closed in negative territory on Wednesday afternoon following lackluster trade on Wall Street and a decline in oil prices.
The pan-European STOXX 600 closed 0.38 percent lower as investors digested a slew of earnings. Sectors were broadly negative with oil and gas and chemicals falling 1.08 percent and 1.25 percent respectively.
Earnings are in focus for investors in Europe on Wednesday with a number of banks reporting. Spain's Santander said net profit rose in the third quarter, beating analyst expectations, sending shares of the lender higher.
Meanwhile Nordea shares were in positive territory after it reported third-quarter operating profit of 1.15 billion euros ($1.25 billion), beating forecasts.
Lloyds Banking Group posted a third-quarter underlying profit of £1.9 billion ($2.31 billion), down 3 percent year-on-year. Britain's largest retail bank also took a £1 billion charge relating to the compensation of customers mis-sold loan insurance. Shares of the U.K. lender fell sharply before recovering to close 0.96 percent higher.
Elsewhere, France's Airbus reported core earnings falling 21 percent in the third quarter due to weakness in its commercial plane business. Shares reversed earlier losses to trade higher and ended the trading day 3.76 percent in the black.
Brewing giant Heineken was in the red after it said revenues grew 4.7 percent in the first half of the year, with beer volume up 4.1 percent. The company warned of increasing currency headwinds as well as adverse economic conditions in developing markets.
Novozymes meanwhile posted core earnings and sales that missed analyst forecasts and adjusted its outlook for full-year organic sales growth to 2-4 percent, down from 3-5 percent previously. Shares of the firm tanked to close 11.2 percent in the red.
In the U.S., the Dow Jones industrial average recovered losses to trade 0.32 percent higher, after a weak open, as the broader S&P 500 index was trading flat. This came after earnings disappointed investors last night, particularly Apple which posted its first full-year decline in revenue since 2001.
Oil prices dipped in Asia trade after a rise in U.S. crude inventories and as hopes that OPEC will find a deal to cut production fade.
In other stock news, major brokers including Goldman Sachs and Barclays raised their target price for Gucci owner Kering, sending the luxury goods maker nearly 8 percent higher.
Shares of Ericsson were sharply higher after the Swedish telecoms firm named Borje Ekholm as the new chief executive. Ekholm will start on January 16.