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Fed lowers interest rates as expected, leaves door open to further cuts

July 31, 2019 by  
Filed under News

The Federal Reserve cut interest rates on Wednesday for the first time since 2008, citing concerns about the global economy and muted U.S. inflation, and signaled a readiness to lower borrowing costs further if needed.


Source: Reuters Business News

JPMorgan lowers benchmark interest rate following Fed rate cut

July 31, 2019 by  
Filed under News

JPMorgan Chase & Co , the largest U.S. bank by assets, lowered its prime rate for the first time in more than a decade on Wednesday, following a rate cut from the Federal Reserve.


Source: Reuters Business News

Explainer: What do you do after a data breach?

July 31, 2019 by  
Filed under News

A hacker has stolen the personal information of over 100 million people from Capital One Financial Corp , the company said this week, in the latest high-profile breach of sensitive consumer data.


Source: Reuters Business News

Wall Street unimpressed by Fed's expected rate cut

July 31, 2019 by  
Filed under News

Wall Street had a mixed reaction on Wednesday after the expected interest rate cut by the U.S. Federal Reserve, the first in a decade, failed to impress investors.


Source: Reuters Business News

Getting under the hood of Amazon’s auto ambitions

July 31, 2019 by  
Filed under News

Amazon.com Inc is expanding its transportation prowess to do virtually everything short of building a car.


Source: Reuters Business News

Amazon, Walmart, Ikea targeted in Univ. of California light bulb lawsuits

July 30, 2019 by  
Filed under News

Five major retailers, including Amazon.com Inc and Walmart Inc, were sued on Tuesday by the University of California over what it called the “existential threat” when foreign manufacturers infringe schools’ patents.


Source: Reuters Business News

Stocks off on Trump's warning to China; sterling falls further

July 30, 2019 by  
Filed under News

A gauge of global stock markets fell on Tuesday as the latest round of U.S.-China trade talks began amid a threat from President Donald Trump, while concerns over a no-deal Brexit continued to drag the British currency lower.


Source: Reuters Business News

Oil rises on expectations of Fed rate cut, another U.S. crude drawdown

July 30, 2019 by  
Filed under News

Oil prices rose on Tuesday, on track to close at a two-week high, on optimism the U.S. Federal Reserve will cut interest rates this week for the first time in more than 10 years, boosting demand expectations in the world’s biggest oil user.


Source: Reuters Business News

Trump says he will seek U.S. trade accord with Brazil

July 30, 2019 by  
Filed under News

President Donald Trump on Tuesday said he will pursue a U.S. trade agreement with Brazil, suggesting a friendly relationship with President Jair Bolsonaro could help lower trade barriers between the two biggest economies in the Americas.


Source: Reuters Business News

P&G posts strong sales, takes $8 billion Gillette writedown

July 30, 2019 by  
Filed under News

Procter & Gamble Co’s quarterly revenue and adjusted profit beat Wall Street expectations on Tuesday, sending shares to a record-high even as the world’s No.1 personal goods company took an $8 billion charge on its Gillette shaving business.


Source: Reuters Business News

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