Morgan Stanley analysts say Fed to cut U.S. rates in September
Morgan Stanley analysts said on Monday that they now expect the U.S. Federal Reserve to cut rates in September and then again in October.
Morgan Stanley analysts said on Monday that they now expect the U.S. Federal Reserve to cut rates in September and then again in October.
U.S. stocks dropped in a broad sell-off on Monday as simmering geopolitical tensions spooked equity investors and drove a bond market rally while the protracted U.S.-China trade war stoked fears of impending recession.
Verizon Communications Inc said on Monday it would sell its blogging website Tumblr to Automattic Inc, the owner of popular online-publishing tool WordPress.com.
Two U.S. senators asked Amazon.com Inc Chief Executive Jeff Bezos on Monday how the "Amazon's Choice" badge on certain products is determined and whether the mark deceives consumers into purchasing "products of inferior quality."
Occidental Petroleum Corp expects to quickly reduce the $40 billion in debt it took on with its purchase of Anadarko Petroleum, the company's finance chief said on Monday.
TechNode | Nicole Jao | Aug 12, 2019 China’s planned digital fiat currency is nearly ready for release after five years of research and development, a senior official at the central bank said (in Chinese) at a forum on Saturday in Beijing without confirming a timeframe. Why it matters: The People‘s Bank of China (PBOC)
Yum Brands Inc on Monday named company veteran David Gibbs as its chief executive officer, succeeding Greg Creed, who will be retiring at the end of the year.
A U.S. federal court on Monday issued a permanent injunction against American Airlines Group Inc's mechanics union, which the airline had accused of illegal slowdowns it said had devastated its operations during the peak summer travel season.
Occidental Petroleum Corp expects to quickly reduce the $40 billion in debt it took on with its purchase of Anadarko Petroleum, the company's finance chief said on Monday.
Asian shares fell on Tuesday as fears about a drawn out Sino-U.S. trade war, protests in Hong Kong and a crash in Argentina's peso currency drove investors to safe harbors like bonds, gold, and the yen.
Asian shares slumped on Tuesday as fears about a drawn out Sino-U.S. trade war, protests in Hong Kong and a crash in Argentina's peso currency drove investors to safe harbors like bonds, gold, and the Japanese yen.
Volatility in China's yuan since August is a normal market reaction to escalating trade frictions stoked by the United States and was caused, to some extent, by Washington's decision to raise tariffs, a senior Chinese central bank official said.
A Tesla electric car caught fire after crashing into a tow truck on a Moscow motorway late on Saturday.
Russia's state communications watchdog said on Sunday it had asked Google to stop advertising "illegal mass events" on its YouTube video platform.
It has become a jarring and frequent contradiction. President Donald Trump blames the Federal Reserve for putting the U.S. economy at risk while data shows an economy in "reasonably good" shape, as the head of the central bank recently said.