Instant view: U.S. fed funds rate breaks above Fed’s target range
A key interest rates the Federal Reserve aims to influence to control monetary policy broke above the top-end of the central bank’s target range for...
Wall Street ticks lower as FedEx warns on profit; Fed on tap
U.S. stocks edged lower at open on Wednesday, pressured by FedEx’s warning on full-year profit, while investors waited for the Federal Reserve’s decision on interest...
U.S. housing starts, building permits hit 12-year high
U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction increased, suggesting that lower mortgage rates were...
Wall Street set to open lower after FedEx profit warning; Fed on tap
Wall Street was set to open lower on Wednesday, pressured by FedEx’s profit warning, while investors waited for the Federal Reserve’s decision on interest rates...
Airbus revises up jet demand, warns of ‘lose-lose’ tariff war
Airbus raised its 20-year forecast for jetliner demand on Wednesday despite expected slower growth in traffic, as it predicts airlines will replace aging fleets with...
Apple spars with EU as $14 billion Irish tax dispute drags on
Apple accused the European Commission of misunderstanding its business on day two of the iPhone maker’s appeal against a $14 billion tax order, in a...
Garments for lease: ‘rental’ apparel brings new wrinkles for retail stores
Lisa Batitto, 54, says she has virtually stopped buying clothes ever since she started renting them....
Lone 737 MAX criss-crossed Canada for pilot checks during grounding
While the world’s Boeing 737 MAX fleet remains grounded after two fatal crashes, a solitary Air Canada plane has been spotted in the skies, shuttling...
U.S. seeks U.N. action on Saudi attacks despite likely Russian opposition
A senior U.S. official on Tuesday called for a U.N. Security Council response to the attacks on Saudi oil facilities that the United States blames...
Britain to investigate $5 billion U.S. takeover of defense firm Cobham
Britain will investigate the national security impact of the purchase of defense company Cobham by U.S. private equity firm Advent International, potentially delaying or even...