Bloomberg US stocks plowed to new records, with technology shares pacing gains, as investors speculated the Trump administration will make progress on trade spats. The pound rallied after the European Union revived hopes of a Brexit deal before the UK exits the common area in March. The S&P 500 Index jumped past 2,900, a level it first breached on Tuesday, ...

Bloomberg Chinese investors have dumped Hong Kong stocks at a record clip this month, as the city’s equity benchmark tumbled to its lowest in a year. Mainland investors sold net HK$25.4 billion ($3.2 billion) of Hong Kong equities in August through Tuesday, according to Bloomberg calculations based on daily turnover data. That’s the biggest monthly selling figure since China opened ...

Bloomberg California lawmakers approved a measure mandating that all electricity come from wind, solar and other clean-energy sources by 2045, marking the state’s biggest step yet in the fight against global warming. The state Assembly voted 43-32 in favour of the legislation. It would eliminate the reliance on fossil fuels to power homes, businesses and factories in the world’s fifth-largest ...

Bloomberg Oil touched the highest level in three weeks after a government report showed a bigger US crude stockpile decline than expected. Futures in New York advanced as much as 1.5 percent. The Energy Information Administration reported nationwide crude inventories fell 2.57 million barrels last week, larger than a decrease of 1.49 million barrels that analysts forecast in a Bloomberg ...

Bloomberg Exxon Mobil Corp. set a goal for reducing emissions from its Canadian oil sands, the second time this year the world’s biggest oil explorer by market value published a greenhouse-gas target. Imperial Oil Ltd., a Calgary-based subsidiary 69-percent owned by Exxon, will reduce the intensity of emissions by 10 percent over the next five years, compared with 2016 levels, ...

Bloomberg Troubled carrier Jet Airways India Ltd. said it will sell a stake in its loyalty program and cut as much as $285 million in costs over the next two years as part of a turnaround plan after years of losses in a competitive aviation market. Announcing the biggest quarterly loss since 2015, the board of the Mumbai-based airline considered ...

Bloomberg Walmart Inc.’s betting the kind of shopper who doesn’t want to visit a physical store to purchase a TV probably doesn’t want to mount it, either. So the world’s largest retailer is expanding its partnership with on-demand home-services company Handy to sell installation and assembly packages right on its website, Handy said. Starting from Wednesday and rolling out across ...

Bloomberg It’s the most wonderful time of the year—and by that, I mean the lazy, late days of summer. New insights from Google also reveal that right now—late August—might also be the best time to start thinking about your holiday travels if you want to get the best flight or hotel deal. In fact, flight searches for Thanksgiving will spike ...

Bloomberg Ryanair Holdings Plc signed its first-ever union contract, granting Italian pilots perks such as severance pay and parental leave in a deal the airline hopes to repeat across its network to quell a protracted labour dispute. The agreement also commits Ryanair to making contributions to national healthcare and social-security funds, the Italian pilots union ANPAC said in a statement. ...

Bloomberg Tiffany & Co. sees an expanded sales floor and more VIP space replacing administrative offices at the company’s 10-floor “precious property” on New York’s Fifth Avenue. Chief Executive Officer Alessandro Bogliolo shared more details on the store’s renovation in an interview. With a sizable percentage of sales coming from the property, the company sees the project as key to ...