Wall Street sank on Wednesday when Federal Reserve policy makers gave mixed signals about their next move after cutting interest rates by a quarter of a percentage point in a widely expected move.
U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction accelerated, suggesting that lower mortgage rates were finally providing a boost to the struggling housing market.
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!"
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.
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.
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.
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.
U.S. stocks came under pressure on Wednesday as investors waited for the Federal Reserve's decision on interest rates and clues about its future monetary policy, while a profit warning by FedEx weighed on sentiment.
Munich prosecutors said on Wednesday they had launched a probe against Airbus after the company notified the authorities about potential irregularities involving customer documents.
Federal prosecutors and commodity regulators have broadened their investigation into spoofing activity after receiving information from traders questioned for spoofing-related charges.
A banker at the center of a trading scheme German prosecutors say resulted in hundreds of millions of euros of illegitimate tax rebates told a court the scheme had taken on an "industrial scale" involving a network of banks and other institutions.
The Federal Reserve injected another $75 billion into a U.S. banking system on Wednesday, restoring a measure of order after a bout of extreme volatility inside the bank funding market drove the central bank's benchmark interest rate above its targeted range for the first time since the financial crisis.
Nearly two dozen U.S. lobbying groups have joined forces to try to rein in U.S. President Donald Trump's power to unilaterally impose tariffs amid growing concern about the negative economic impact of his trade policies.
General Motors Co plans to temporarily lay off 1,300 workers at its final assembly plant in Oshawa, Canada due to a slowdown at United States plants during the United Auto Workers strike, CNBC reported on Wednesday.
Italy's new government expects the economy to expand by only about 0.4% next year after eking out 0.1% growth this year, three sources close to the matter told Reuters, underscoring the need for an expansionary 2020 budget.