Fed’s Powell bolsters rate cut view on trade, global 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...
Instant view: Powell – Fed stands ready to act “as appropriate” to sustain expansion
Concerns about trade policy and a weak global economy “continue to weigh on the U.S. economic outlook” and the Federal Reserve stands ready to “act...
U.S. oil producers shut offshore output as storm forms in Gulf of Mexico
Anadarko Petroleum Corp has joined major U.S. oil producers shutting production and withdrawing staff from offshore platforms in the U.S. Gulf of Mexico ahead of...
Stocks climb, dollar drops as Fed chair remarks boost rate-cut hopes
A broad index of world stock markets edged higher on Wednesday while the U.S. dollar fell as comments from Federal Reserve Chairman Jerome Powell bolstered...
S&P 500 hits 3,000 as Powell’s comments raise rate cut bets
The benchmark S&P 500 briefly crossed the 3,000 points mark for the first time on Wednesday, as bets for a sharp interest rate cut later...
Skeptical Deutsche Bank investors to grill Sewing on revamp roadshow
Deutsche Bank shareholders will quiz Chief Executive Christian Sewing on how he plans to deliver on revenue growth targets during a global roadshow to win...
Toyota to build new SUV, rather than car at Alabama plant
Toyota Motor Corp said Wednesday it will build a new sport utility vehicle at a $1.6 billion joint venture assembly plant in Alabama rather than...
Anonymous Analytics goes long cannabis with Turning Point Brands
Activist research group Anonymous Analytics has turned its attention to the cannabis industry, initiating a buy rating on Turning Point Brands Inc in a report...
S&P 500 hits 3,000 as Powell’s comment lifts rate cut hopes
The benchmark S&P 500 breached the 3,000 points mark for the first time on Wednesday, as hopes of an interest rate cut later this month...
Fed’s Powell says trade, global growth concerns continue to weigh on U.S. economy
Concerns about trade policy and a weak global economy “continue to weigh on the U.S. economic outlook” and the Federal Reserve stands ready to “act...