Optimistic markets ... Crude jumps ... Honda slips
TOKYO (AP) — Global shares were higher today, lifted by optimism over global economic growth and corporate earnings. U.S. shares are also set to advance, with Dow futures up 0.4 percent to 23,414. S&P 500 futures climbed 0.3 percent to 2,580.10.
NEW YORK (AP) — Benchmark U.S. crude oil added 56 cents to $54.94 a barrel in electronic trading on the New York Mercantile Exchange. It rose 23 cents to settle at $54.38 per barrel overnight. Brent crude, the international standard, rose 56 cents to $61.50 per barrel. The dollar rose to 113.96 yen from 113.12 yen late Tuesday in Asia.
WASHINGTON (AP) — The Federal Reserve wraps up a two-day meeting today, though most economists expect the U.S. central bank to wait until its December gathering to raise rates for the third time this year. Meanwhile, attention is on President Donald Trump’s choice for the next Fed chair.
TOKYO (AP) — Honda Motor Co. says its fiscal second quarter profit slipped compared to a year ago as costs related to a massive air-bag recall erased the perks of strong sales. Honda reported its July-September profit totaled 174 billion yen ($1.5 billion), down 1.7 percent from 177 billion yen a year earlier.
WASHINGTON (AP) — The U.S. Postal Service wants to boost its business this holiday season by offering what few e-commerce retailers can provide: cheap next-day service with packages delivered Sundays to your home. Retail giant Walmart says it is considering the Sunday option, which could reshape weekend shopping trips to the mall.