GE lifts forecast but warns Boeing grounding may cost $1.4 billion
General Electric Co raised its 2019 forecast on Wednesday, but disclosed more than $1 billion in potential costs from Boeing’s grounded 737 MAX jetliner, puncturing...
Wall Street muted, awaits Fed policy statement
U.S. stocks treaded water on Wednesday, as investors awaited an almost certain cut in interest rates by the Federal Reserve and hints on whether it...
Record highs in U.S. stock market not enough to attract fund investors
Investors retreated from the U.S. stock market last week despite the benchmark S&P 500 reaching new record highs, pulling nearly $9.1 billion from mutual funds...
Facebook defeats appeal in U.S. claiming it aided Hamas attacks in Israel
Facebook Inc on Wednesday defeated an appeal by American victims of Hamas attacks in Israel, who sought to hold the company liable for providing the...
GE’s Baker Hughes beats estimates on international demand, LNG drilling
General Electric Co’s oilfield services arm, Baker Hughes, beat quarterly profit estimates on Wednesday, driven by higher LNG drilling and demand for its oilfield services...
Wall Street flat ahead of Fed rate decision
U.S. stocks were little changed on Wednesday as investors awaited a widely anticipated interest rate cut by the Federal Reserve and clues on whether it...
Oil rises as U.S. crude stocks fall, market awaits U.S. Fed rate cut
Oil prices rose for a fifth day on Wednesday, supported by a larger-than-expected drop in U.S. inventories and investor expectations that the U.S. Federal Reserve...
Devil in the data as funds call for scrutiny of LSE’s Refinitiv deal
Some trading and investment firms are calling for competition regulators to scrutinize London Stock Exchange’s proposed $27 billion takeover of financial information provider Refinitiv to...
Italy’s UniCredit says carrying out own probe in relation to Capital One data breach
Italy’s biggest bank by assets UniCredit said on Wednesday it was carrying out its own investigation in relation to a major data breach at capital...
What a Fed rate cut means for your wallet
A decision by the Federal Reserve to cut interest rates may do little at this point to cut some of the costs that matter to...