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.
The London Metal Exchange (LME) will postpone plans to ban metal tainted by human rights abuses until 2025, giving producers three more years to comply with guidelines and the exchange time to rethink its approach, industry sources said.
Germany's blue-chip companies could face billions of euros in costs to cut carbon emissions under a climate protection plan due to be unveiled by the government on Friday, according to a study by asset manager Union Investment.
"We have a proven, hyper-lean framework for developing technology and launching startups called Vertical. It's uniquely suited for places like Tucson that don't have much by way of tech or funding resources. Or in other words, for places not like Silicon Valley, which is most of the rest of the world."
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"LEAF and ASH is a startup company focusing on becoming Oklahoma’s premier cannabis real estate owner. Realizing the advantages of diversifying, we will purchase potential indoor and outdoor grow operations for hemp and cannabis on a very large scale that will be leased to licensed growers. There will also be designated leasable space for an [...]
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Powell said on Wednesday that the Fed may have to resume regular balance sheet growth to help ease money markets.
Jerome Powell pledged that the central bank would engage in a "sequence" of interest rate cuts if conditions warrant, but he doesn't see that as necessary now.
The Federal Reserve dialed up its growth expectations slightly while keeping its inflation projection unchanged.
Amazon said on Wednesday it will make donating to a U.S. presidential candidate as easy as turning on the lights or replenishing a household's toilet-paper stocks, via its Alexa digital assistant.
The S&P 500 ended marginally higher on Wednesday after Federal Reserve policymakers cut interest rates by a quarter of a percentage point, as expected, but gave mixed signals about their next move.
The S&P 500 and the Dow reversed losses to close higher on Wednesday and U.S. Treasury yields slipped after remarks by Federal Reserve Chair Jerome Powell tempered the market's initial reaction to the U.S. central bank's policy statement.