Dollar up, stocks fall after Fed cut; pound rebound stalls
The dollar index rose on Wednesday and stocks tumbled even as the Federal Reserve cut interest rates after Fed Chairman Jerome Powell said the 25-basis-point...
U.S. prisons lose Wall Street sell-side coverage
Sell-side analysts have stopped covering U.S. private prison operators as Wall Street has distanced itself from publicly traded GEO Group Inc and CoreCivic Inc ....
Dollar at two-year high after Fed cuts rates as expected
The U.S. dollar rose as high as $1.063 against the euro on Wednesday, its strongest level since May 2017, after the Federal Reserve cut interest...
U.S. wage inflation moderate, Midwest manufacturing slumps
U.S. labor costs rose at their slowest pace in 1-1/2 years in the second quarter, the latest sign of benign inflation that enabled the Federal...
JPMorgan lowers benchmark interest rate following Fed rate cut
JPMorgan Chase & Co , the largest U.S. bank by assets, lowered its prime rate for the first time in more than a decade on...
Explainer: What do you do after a data breach?
A hacker has stolen the personal information of over 100 million people from Capital One Financial Corp , the company said this week, in the...
Wall Street unimpressed by Fed’s expected rate cut
Wall Street had a mixed reaction on Wednesday after the expected interest rate cut by the U.S. Federal Reserve, the first in a decade, failed...
Fed lowers interest rates as expected, leaves door open to more cuts
The Federal Reserve cut interest rates on Wednesday for the first time since 2008, citing concerns about the global economy and muted U.S. inflation, and...
Nordstrom family prepares proposal for major stake in retailer – WSJ
Shares of Nordstrom Inc rose 7% on Wednesday after the Wall Street Journal reported that members of the retailer’s founding family are in the early...
U.S., China to keep talking on trade, progress elusive in Shanghai meeting
U.S. and Chinese negotiators wrapped up a round of trade talks on Wednesday without visible signs of progress and put off their next meeting until...