Fed cuts rates on 7-3 vote, gives mixed signals on next move
The U.S. Federal Reserve cut interest rates by a quarter of a percentage point for the second time this year on Wednesday in a widely expected move meant to sustain a decade-long economic expansion, but gave mixed signals about what may happen next.
Source: Reuters Business News
Instant view: Fed cuts rates again, gives mixed signals for next move
The U.S. Federal Reserve cut interest rates by a quarter of a percentage point for the second time this year on Wednesday in a widely expected move meant to sustain a decade-long economic expansion, but gave mixed signals about what may happen next.
Source: Reuters Business News
Stocks fall after Fed cuts rates but gives mixed signals; dollar up
Wall Street stocks slipped on Wednesday after the U.S. Federal Reserve gave mixed signals about what may happen next after it cut interest rates by a quarter of a percentage point for the second time this year in a widely expected move.
Source: Reuters Business News
Pennsylvania joins states opposed to merger of T-Mobile, Sprint
Pennsylvania is joining more than a dozen states that have filed a lawsuit aimed at stopping T-Mobile US’s $26 billion purchase of Sprint , New York Attorney General Letitia James said in a statement on Wednesday.
Source: Reuters Business News
Trump on Fed: 'No 'guts,' no sense, no vision!'
President Donald Trump blasted the Federal Reserve for delivering only a quarter-percentage point interest rate cut on Wednesday, saying the central bank and its leader, Jerome Powell, had “No ‘guts,’ no sense, no vision!”
Source: Reuters Business News
GM switches health insurance costs to union for striking workers; talks continue
General Motors Co shifted health insurance costs for its striking workers to the United Auto Workers union as its members walked the picket line for the second day on Tuesday.
Source: Reuters Business News
White House says not involved in contract talks with GM, UAW union
The White House is not involved in contract talks with General Motors Co and the United Auto Workers union, aimed at ending a nationwide strike that began late on Sunday, a White House spokesman and GM said.
Source: Reuters Business News
Wall Street mixed as investors await interest rate cut
Wall Street was mixed on Tuesday as investors awaited a widely expected Fed interest rate cut on Wednesday, while the impact of weekend attacks on Saudi Arabia’s biggest oil refinery faded.
Source: Reuters Business News
Toyota invests $391 million at its Texas truck assembly plant
Toyota Motor Corp said on Tuesday it was investing $391 million at its truck assembly plant in San Antonio, Texas, as part of the Japanese automaker’s plan to invest $13 billion in its U.S. operations over five years through 2021.
Source: Reuters Business News
Aramco IPO will be ready within coming 12 months: chairman
Saudi Aramco chairman Yassir al-Rumayyan said on Tuesday a planned initial public offering (IPO) of the state oil giant would be ready within the coming 12 months and that the kingdom was committed to the listing.
Source: Reuters Business News