General Motors Co.’s GM autonomous-vehicle segment Cruise is putting plans on hold for Origin, a GM-assembled driverless taxi, and shrinking its focus to a single city, the Wall Street Journal reported on Wednesday. The move comes after safety concerns...

Alphabet Inc.’s GOOGLGOOG Google and Salesforce.com Inc. CRM are stepping up efforts to win business customers during OpenAI’s calamitous corporate coup over the past several days. While OpenAI Chief Executive Sam Altman bounced between the company and...

Stocks ended higher Wednesday in the final, full trading session of the week, extending a strong November rally that’s been accompanied by a pullback in Treasury yields and hopes for a so-called soft landing for the economy. U.S. markets are closed Thu...

Oil futures settled lower on Wednesday, as OPEC+ decided to reschedule its meeting this weekend to Nov. 30 and U.S. government data revealed a hefty weekly increase in U.S. crude supplies. There appears to be “rumble in the jungle” among OPEC members o...

Shares of airline companies saw broad gains Wednesday, after as the latest travel data supported the expectation that Thanksgiving travel would be “busier than ever” this year. The U.S. Global Jets ETF JETS climbed 1.6% toward a two-month high in midd...

CFRA upgraded Capri Holdings Ltd.’s stock CPRI to buy from hold on Wednesday, and said it’s looking undervalued at its current price. The stock was last quoted at $49.28, below the $57 price offer from rival Tapestry Inc. TPR, which is buying Capri in ...

The U.S. Energy Information Administration reported on Wednesday that U.S. natural-gas supplies in storage edged lower by 7 billion cubic feet for the week ended Nov. 17. The data were released early because of Thursday’s Thanksgiving holiday. On avera...

The Energy Information Administration on Wednesday reported that U.S. commercial crude inventories rose by 8.7 million barrels for the week ended Nov. 17. On average, analysts polled by S&P Global Commodity Insights expected the data to show an increas...

Cal-Maine Foods Inc. CALM said Wednesday that a jury found the egg producer, along with other defendants, were liable for an alleged conspiracy to inflate egg product prices. The damages part of the trial is slated to take place on Nov. 28 and Nov. 29....

Blackstone Inc. BX on Wednesday confirmed reports it’s agreed to buy software company Civica from Partners Group Holding AG. The purchase price for Civica is just under $2.5 billion, according to a source familiar with the transaction. The deal had bee...

U.S. stocks opened higher on Wednesday one day after the S&P 500 and Nasdaq Composite snapped five-day winning streaks as investors digested Nvidia Corp. NVDA earnings and a fresh batch of economic data ahead of the Thanksgiving holiday. The S&P 500 SP...

A meeting of the Organization of the Petroleum Exporting Countries and its allies — together known as OPEC+ — initially scheduled for Sunday has been delayed to Nov. 30, OPEC said Wednesday. Bloomberg reported that the delay came as talks stalled due t...

Shares of Caterpillar Inc. CAT fell 2.7% to pace the Dow Jones Industrial Average’s DJIA premarket decliners Wednesday, following fellow construction equipment maker Deere & Co.’s DE disappointing full-year outlook. The implied price decline of Caterpi...

Icahn Enterprises L.P.’s stock IEP closed below $17 on Tuesday, sending it back toward recent 19-year lows. The stock closed at $16.42 on Tuesday, close to a recent closing low of $16.36 on Nov. 1, which was the lowest level seen since May 18 of 2004....

Adevinta’s stock NO:ADEADEVY was in the spotlight on Wednesday after Permira and Blackstone Inc. BX on Tuesday said they are offering to buy all of the outstanding ordinary Class A shares in the Norway-based online classified advertising company for $1...

Microsoft Corp. MSFT said Wednesday it’s planning to invest $500 million in expanding its hyperscale cloud computing and AI infrastructure in Quebec over the next two years. The software giant said it will increase the size of its local cloud infrastru...

Reynolds Consumer Products Inc.’s stock REYN was down by 1.5% in premarket trading on Wednesday after J.P. Morgan analyst Andrea Teixeira downgraded the company to neutral from overweight and reduced its price target by $1 to $28 a share. Teixeira cite...

Clorox Co.’s stock CLX rose by 1.7% in premarket trading on Wednesday after J.P. Morgan upgraded the bleach and cleaning products maker to neutral from underweight and also lifted its price target to $145 a share from $124. Analyst Andrea Teixeira said...

Shares of Deere & Co. DE dropped 6% in premarket Wednesday, after the maker of agricultural, construction and forestry equipment reported fiscal fourth-quarter earnings that beat expectations but provided a downbeat full-year outlook, with all of its b...

Autodesk Inc.’s ADSK stock initially grew more than 3% in extended trading Tuesday after the software company reported quarterly results that topped analyst revenue and earnings estimates, and offered strong guidance. Autodesk reported fiscal third-qua...

Richard Teng, Binance’s global head of regional markets, is becoming the crypto exchange’s chief executive, succeeding Changpeng Zhao, the company said on Tuesday. Prior to joining Binance, Richard served as chief executive of the Financial Services Re...

U.S. stocks closed lower Tuesday in a holiday-shortened week for Thanksgiving, taking a breather from a powerfully November rally for stocks that lifted both the S&P 500 and Nasdaq Composite quickly out of correction territory. The Dow Jones Industrial...

Shares of airlines are broadly lower Tuesday, despite the day’s marking the start of the busiest travel period in what the Transportation Security Administration expects to be the “busiest ever” holiday travel season. The U.S. Global Jets ETF JETS was ...

Shares of Virgin Galactic Holdings Inc. SPCE are down 5.1% Tuesday, putting the stock on pace to snap a two-day winning streak. The private spaceflight company’s shares rose with other space stocks earlier this week in the wake of SpaceX’s second Stars...

U.S. benchmark oil futures settled with a loss on Tuesday for the first time in three sessions. Traders await this week’s U.S. supply data from the Energy Information Administration due out Wednesday morning, as well as Sunday’s expected decision on oi...

The stocks of online real estate marketplace providers suffered broad weakness Tuesday, after data showing sales previously-owned homes fell below expectations. Shares of Opendoor Technologies Inc. OPEN sank 6.6%, of Redfin Corp. RDFN dropped 3.1%, of ...

Blackstone Inc. BX is closing in on an acquisition of software developer Civica for $2.5 billion, The Wall Street Journal reported Tuesday. The seller on the deal is Partners Group Holding AG, another private-equity firm that paid about $1.3 billion fo...

Visa Inc. shares V were up 0.7% in Tuesday morning trading and on track to close at a new all-time high. The stock recently changed hands at $251.71; any close above the $250.93 recorded July 27, 2021 would mark a new record for Visa shares. Visa came ...

Verizon Communications Inc. shares VZ were up 1.3% in morning trading Tuesday and on track to log their eighth session in a row of gains. That would make for the stock’s longest winning streak since the period that ended March 5, 2013, when it gained f...

Morgan Stanley MS Co-President Andy Saperstein has been diagnosed with cancer but plans to keep working while receiving treatment, a spokesperson from Morgan Stanley confirmed on Tuesday. Saperstein, 56, said he’s young and otherwise in good health and...