Fed will continue to act ‘as appropriate’ to sustain U.S. growth
The U.S. Federal Reserve will continue to act “as appropriate” to sustain an economic expansion now in its 11th year, Fed Chair Jerome Powell said...
Big Tech companies like Facebook, Amazon to face antitrust probe by U.S. state attorneys general
A bipartisan group of state attorneys general will announce on Monday an investigation into large tech companies, like Facebook and Google, for potential violations of...
Big Oil undermines U.N. climate goals with $50 bln of new projects: report
Major oil companies have approved $50 billion of projects since last year that will not be economically viable if governments implement the Paris Agreement on...
High-flying IPO stocks sell off after quarterly results
Three of Wall Street’s top-performing IPO stocks in 2019 tumbled late on Thursday after the companies’ quarterly results failed to satisfy investors and justify their...
Wall Street ticks higher after jobs data, Chinese stimulus plan
U.S. stocks edged higher on Friday as a new Chinese stimulus plan helped ease some concerns around global growth, while investors digested underwhelming jobs data...
Roche CEO touts drugs pipeline, rules out M&A just to boost sales
Swiss drugmaker Roche sees medicines in its own pipeline driving sales growth over the longer term, Chief Executive Severin Schwan told Reuters on Friday, adding...
Roche doesn’t need M&A to boost sales, sees growth from own meds: CEO
Swiss drugmaker Roche sees sales rising in the longer term from medicines in its own pipeline, Chief Executive Severin Schwan told Reuters on Friday, adding...
Risk appetite dampened by lackluster U.S. jobs growth
Wall Street eked out gains on Friday and the dollar lost ground as a weaker-than-expected U.S. jobs report tempered investor sentiment on the heels of...
Wall Street flat after jobs data, China stimulus plan
U.S. stocks treaded water on Friday as underwhelming jobs data rounded off a week of mixed economic signals about the domestic economy, while a new...
Years of forex market calm sends currency funds to the wall
The Chinese yuan’s tumble is stirring hopes of a long-awaited volatility boost for forex markets but any rise will be too late for the currency...