Volkswagen has posted a $6.5 billion after-tax loss for the July-September quarter. The company faces challenges like weak demand in China, U.S. tariffs, and lower profits from electric vehicles. The results, announced Thursday, highlight the need for cost-cutting measures, which could lead to the loss of up to 100,000 jobs and the closure of four German plants. Sales revenue decreased by 6.3% to 80.3 billion euros. Earnings also suffered from a 6.4 billion euro reduction in the value of Volkswa

Asian shares and U.S. futures are mixed, weighed down by some big technology stocks after Google parent Alphabet’s earnings were below expectations. As expected, the Federal Reserve kept its key rate unchanged. Oil prices fell more than 1% early Thursday, even as U.S. officials warned that renewed military action against Iran could come after the Nov. 3 midterm elections. On Wednesday, Wall Street’s benchmark S&P 500 added 0.3%. The Dow Jones Industrial Average gained 0.2%, and the technology-he

Trian Fund Management and partners have offered $7.35 per share in cash to acquire Wendy's. The bid represents a premium of nearly 19% over the stock's closing price on Tuesday.

Asian stocks are mostly higher as AI-related stocks boost benchmarks in Tokyo and Seoul ahead of quarterly earnings reports. U.S. futures edged higher and oil prices rose. Memory chipmakers SK Hynix and Samsung Electronics surged, recovering last week’s losses. New Zealand’s central bank surprised markets by keeping its benchmark interest rate on hold. On Tuesday, the majority of stocks within the S&P 500 fell, but gains for influential companies related to artificial-intelligence offset those l

Asian stocks are mostly higher as AI-related stocks boost benchmarks in Tokyo and Seoul ahead of quarterly earnings. U.S. futures edged lower and oil prices rose. Memory chipmakers SK Hynix and Samsung Electronics surged, recovering last week’s losses. New Zealand’s central bank surprised markets by keeping its benchmark interest rate on hold. On Tuesday, the majority of stocks within the S&P 500 fell, but gains for influential companies related to artificial-intelligence offset those losses. Tr

The Dow Jones Industrial Average fell 541 points. The Nasdaq composite rose 0.1%. Brent crude rose 3.6% to trade above $117.

World shares and U.S. futures have retreated after oil prices jumped more than 2%. European markets opened lower Thursday and benchmarks in Seoul and Hong Kong fell more than 3%. Tokyo's Nikkei 225 fell 2.7%. The price of Brent crude oil was hovering near $112 per barrel after Iran's state television reported that seven oil tankers caught fire after being targeted or striking naval mines in the Strait of Hormuz. On Wednesday, the S&P 500 added 0.6% and the Dow Jones Industrial Average added 0.7%

Brent crude rose 2.1% to $111.11 a barrel. Benchmarks in Seoul and Hong Kong each fell more than 3%.

U.S. stocks climbed following strong profit reports from SpaceX, Capital One Financial and other big companies. The S&P 500 added 0.6% Wednesday and pulled within 0.8% of its all-time high set earlier this month. The Dow Jones Industrial Average added 0.7%, and the Nasdaq composite climbed 1.1%. A much better profit report from SpaceX than analysts expected helped lift AI-related stocks, along with Elon Musk's other publicly traded company, Tesla. That made up for losses by Netflix and other sto