Oil prices were mixed on Wednesday as worries about the coronavirus outbreak and swelling U.S. crude inventories weighed on prices, counter-balanced by talk that OPEC could extend oil output cuts.
Alphabet Inc's Google is temporarily shutting down all its offices in China due to the outbreak of a new coronavirus in the country, technology website The Verge reported on Wednesday.
The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with the head of the U.S. central bank pointing to continued moderate economic growth and a "strong" job market, and giving no sign of any imminent changes in borrowing costs.
Lyft Inc said on Wednesday it had cut about 2% of its workforce, or 90 jobs, as the ride-hailing company seeks to achieve its goal of profitability by the end of 2021.
Lyft Inc plans to announce a restructuring that will result in job cuts, the New York Times reported on Wednesday, citing two people with knowledge of the matter.
Boeing Co on Wednesday swung to its first annual loss since 1997 as 737 MAX costs doubled to nearly $19 billion, and the plane manufacturer indicated it would again cut production of its bigger 787 Dreamliner aircraft, currently its main source of cash.
Royal Dutch Shell said on Wednesday director Euleen Goh would take over as its deputy chair from May 20.
Executives at Apple, Starbucks and McDonald's are all raising flags about the impact the Chinese coronavirus could have on business.
The Federal Reserve's decision to keep rates unchanged gives everyday Americans an opportunity to improve their financial picture as a new year begins.
Following is the full text of the statement released by the Federal Reserve's Federal Open Market Committee on Wednesday following a two-day meeting:
U.S. short-term interest rate futures dropped but only slightly on Wednesday after the Federal Reserve wrapped up its January meeting without changing interest rates or signaling it was in any rush to do so.
General Electric Co sold more investors on its turnaround story on Wednesday, sending shares 10% higher on its quarterly profit and cash results that beat forecasts, and its bullish cash target for 2020.
KLM, the Dutch arm of Air France KLM, will scrap some flights to China due to the coronavirus outbreak in the North Asian country, it said late on Wednesday.
The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with officials pointing to continued moderate U.S. economic growth and a "strong" job market.
The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with officials pointing to continued moderate U.S. economic growth and a "strong" job market.