U.S. to probe French plan to tax tech companies
U.S. President Donald Trump on Wednesday ordered an investigation into France’s planned tax on technology companies, a probe that could lead to the United States...
IBM proposes changes to law shielding internet firms from user content liability
International Business Machines Corp proposed changes to a 1996 law that protects internet companies from liabilities related to what users post on their platforms....
U.S. Fed policy-makers debate merit of a repo facility
Federal Reserve officials argued the pros and cons of a possible policy tool that allows banks to borrow from the U.S. central bank using Treasuries...
Powell testimony, Fed meeting highlight case for ‘insurance’
A confidence shock driven partly by the U.S. trade war is at the center of an increasingly persuasive argument for Federal Reserve policymakers seriously considering...
Ryanair says Boeing eyes MAX flights by October, cites 2020 growth risk
Ryanair may have to trim plans to grow its capacity in the summer of 2020 if the grounded 737 MAX is not flying again by...
U.S. oil companies slash Gulf of Mexico production as storm bears down
U.S. oil producers on Wednesday cut nearly a third of Gulf of Mexico crude output as what could be one of the first major storms...
Wall Street touches new highs after comments by Fed’s Powell
U.S. stocks closed higher and the S&P 500 index briefly crossed the 3,000-point mark for the first time on Wednesday as remarks by Federal Reserve...
S&P 500 tops 3,000 less than five years after 2,000
The S&P 500, the benchmark index that investors tend to rely on as a proxy for the U.S. stock market, topped 3,000 for the first...
Wall St. gains ground on rate cut hopes
The benchmark S&P 500 closed higher on Wednesday after briefly crossing the 3,000-point mark for the first time following dovish remarks from Federal Reserve Chairman...
Fed’s Powell bolsters rate cut view on trade, growth concerns
Federal Reserve Chairman Jerome Powell on Wednesday set the stage for the first U.S. interest rate cut in a decade later this month, pledging to...