S&P 500 bounces back from early lows; Nasdaq higher

The S&P 500 recovered from steep early losses to trade modestly higher by late afternoon on Wednesday as investors snapped up oversold shares, although signals from the bond market of a higher risk of recession kept a lid on gains.

Rush into U.S. bonds curbs global stock markets; gold touches six-year high

Investors rushed into the safety of U.S. government bonds on Wednesday, muting a broad stocks rally as fears of a global recession grew.

Former Defense Secretary Mattis rejoins General Dynamics board

Former U.S. Defense Secretary Jim Mattis rejoined the board of General Dynamics Corp on Wednesday, seven months after quitting his job in the Trump administration over disagreements about foreign policy, the defense contractor said.

Tesla stands by safety claims despite U.S. probes, subpoenas over crashes

Electric carmaker Tesla Inc stood by its Model 3 safety claims on Wednesday in the face of regulatory scrutiny, while documents showed the top U.S. automotive safety watchdog issued at least five subpoenas since last year seeking information about crashes involving the company's vehicles.

Oil dives nearly 5% to seven-month low on surprise U.S. stock build, trade war

Oil prices tumbled more than 4.5% on Wednesday to a seven-month low, extending recent heavy losses following a surprise build in U.S. crude stockpiles and fears that demand will shrink due to Washington's escalating trade war with Beijing.

U.S. government contractors get first look at Huawei ban

The U.S. agency responsible for government contracts on Wednesday released an interim rule for a ban on federal purchases of telecommunications equipment from five Chinese companies, including Huawei.

CVS Health raises 2019 profit forecast after beating profit estimates

CVS Health Corp raised its full-year profit forecast and reported higher-than-expected second-quarter results on Wednesday, as increased U.S. prescription drug prices fueled rebates to its pharmacy benefits business.

MMT may be Democrats' economic cure, but only Trump got the memo

From her home overlooking Setauket Harbor on Long Island's North Shore, a motorboat bobbing at the dock, Stephanie Kelton hopes to revolutionize how the U.S. government manages the economy.

New York Times forecasts weakness in digital ads, shares down 12%

The New York Times Co fell short of Wall Street estimates for revenue on Wednesday and warned of declines in digital advertising for the rest of the year, sending its shares down 12%.

Ryanair's UK pilots vote to strike later this month

Members of Ryanair's British pilot union voted on Wednesday in favor of strike action later this month in a dispute over working conditions, the British Airline Pilots Association (BALPA) said.

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