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...
Financials help Wall Street bounce back
U.S. stocks recovered from early losses on Wednesday, helped by financial stocks, although investors were guarded as worries about a recession loomed and trade tensions...
Wall Street rebounds as financial shares gain
Gains in financial shares helped U.S. stocks reverse early losses on Wednesday, although investors were guarded amid worries about a recession and trade tensions between...
Tiffany profit tops Street estimates, sales fall on tourist spending drop
Luxury jeweler Tiffany & Co on Wednesday reported quarterly earnings that beat estimates on increased spending by local customers in mainland China and a cut-back...
Over 200 U.S. footwear companies urge Trump to scrap proposed tariff hike
More than 200 U.S. footwear companies on Wednesday urged U.S. President Donald Trump to cancel proposed higher tariffs on Chinese imports that take effect beginning...
U.S. trade agency affirms Trump’s extra 5% tariff hike on Chinese goods
The U.S. Trade Representative’s office on Wednesday reaffirmed President Donald Trump’s plans to impose an additional 5% tariff on a list of $300 billion of...