Fed was divided on rate cut, wanted to avoid appearing on path for more cuts
Federal Reserve policymakers were deeply divided over whether to cut interest rates last month but were united in wanting to signal they were not on...
Wall Street rises as Target, Lowe’s results point to consumer confidence
Wall Street’s main indexes rose on Wednesday as upbeat earnings from retailers pointed to strength in U.S. consumer demand, and held gains after minutes from...
E-cigarette firms probed over health concerns by U.S. House panel
Four dominant e-cigarette manufacturers face a probe into the health impacts of their products, as the U.S. House Energy and Commerce Committee asked on Wednesday...
Nordstrom misses quarterly sales estimates
Department store chain Nordstrom Inc reported quarterly sales below analysts’ expectations on Wednesday, as the upscale retailer struggled to attract shoppers to both its full-price...
U.S. farmers, lawmakers dial up pressure on Trump over biofuel policy
The agriculture and biofuel industries and their allies in the U.S. Congress ramped up pressure on the Trump administration on Wednesday over the relief he...
Wall Street gains after upbeat retail earnings
Wall Street’s main indexes rose on Wednesday as upbeat earnings from retailers pointed to strength in U.S. consumer demand and held their gains after minutes...
House panel opens probe into e-cigarette firms
The U.S. House Energy and Commerce said on Wednesday it is launching a probe into the four dominant e-cigarette manufacturers, seeking information on the firms’...
India needs to reduce ecommerce restrictions to revive economy: Amazon executive
India needs to encourage ecommerce and reduce red tape to help small businesses sell online and export goods to help revive sagging domestic economic growth,...
AMS clear to make takeover bid for Osram in potential bidding war
Austrian sensor maker AMS will go ahead with a takeover bid for Osram that values the German lighting group at 4.3 billion euros ($4.8 billion),...
U.S. money fund assets hit highest since October 2009: iMoneyNet
U.S. money market funds amassed their highest level of assets since October 2009 as investors shift cash into low-risk products amid worries about a global...