Fitbit unveils Versa 2 smartwatch with Amazon Alexa
Fitbit Inc on Wednesday launched its latest smartwatch, Versa 2, adding Amazon.com Inc’s voice assistant Alexa, online payments and music storage in a bid to...
U.S. 30-year bond yields hit record low, curve inversion grows
U.S. Treasury debt yields fell on Wednesday, with 30-year yields setting all-time lows, as fears about a recession and trade tensions between China and the...
Oil prices gain nearly 2% after drop in U.S. crude inventories
Oil prices rose nearly 2% on Wednesday after a larger-than-expected decline in U.S. crude stockpiles helped ease worries about weakening oil demand caused by the...
Former CS banker Iqbal Khan to head UBS wealth management: TagesAnzeiger
Swiss bank UBS will appoint former Credit Suisse banker Iqbal Khan as head of its wealth management business, Swiss newspaper TagesAnzeiger reported on Wednesday, citing...
Growing federal corruption probe hits home for UAW president
The FBI on Wednesday conducted searches at the home of United Auto Workers President Gary Jones, a union retreat and multiple other locations as part...
U.S. money fund assets fall from highest since October 2009: iMoneyNet
U.S. money market fund assets fell this week, retreating from their highest level since October 2009, suggesting a pause in investors piling into these low-risk...
Financials, energy lead Wall Street bounce
U.S. stocks advanced on Wednesday, as gains in financial and energy shares helped equities recover from initial declines, but investors remained cautious about the potential...
Fed’s Barkin says watching growth, monitoring impact of last rate cut
Richmond Federal Reserve President Thomas Barkin on Wednesday said he was closely watching developments around the outlook for economic growth but had yet to make...
Stocks rise as oil demand offsets recession fears; sterling tumbles
A gauge of equities worldwide rose on Wednesday as data showing strong demand for oil helped subdue recession jitters, while sterling tumbled as Britain’s prime...
Privatize Petrobras? Lofty ambition, higher hurdles
Brazil’s influential finance minister has convinced President Jair Bolsonaro to consider the once-unthinkable step of privatizing state-owned oil company Petrobras , but stiff political opposition...