Fed cuts interest rates, signals holding pattern for now
The U.S. Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion but signaled a higher bar to further reductions...
Powell to Trump: Now it’s your turn
Tucked into Fed Chair Jerome Powell’s news conference on Wednesday was a not-so-subtle message for President Donald Trump: the economy is holding up because the...
‘Alexa, send $20 to my favorite presidential candidate’
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...
S&P 500 ends slightly higher after Fed gives mixed signals
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...
Firm advertised huge returns. It won an award in Monaco. The SEC calls it a fraud
Mediatrix Capital said its clients went five years without a single monthly loss. It said it won an award as top global asset manager for...
Microsoft approves $40 billion share repurchase program
Microsoft Corp said on Wednesday its board had approved a new share repurchase program of up to $40 billion and raised its quarterly dividend....
Stocks fall, Treasury yield curve flattens after Fed cuts rates but sends mixed signals
U.S. stocks extended their losses and the U.S. Treasury yield curve flattened on Wednesday, after the U.S. Federal Reserve cut interest rates, as expected, but...
Investor Netter pushes FSD to restructure or return cash
Investment manager Donald Netter is stepping up his battle with First Trust High Income Long/Short Fund (FSD) by asking the closed-end fund to restructure or...
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...
GM to temporarily lay off 1,200 workers in Canada
General Motors Co said on Wednesday it plans to temporarily lay off about 1,200 workers at its Oshawa assembly plant in Canada, which makes the...