Fed vows to support U.S. economy’s ‘long road’ to recovery after dire 2020
The U.S. Federal Reserve on Wednesday signaled it would provide years of extraordinary support for an economy facing a torturous slog back from the coronavirus...
Dollar sinks to three-month lows as Fed keeps easing policy
The dollar extended losses, dropping to a fresh three-month low against a basket of major currencies on Wednesday after the Federal Reserve made no policy...
Fiat, PSA $50 billion merger faces lengthy EU antitrust probe: sources
Fiat Chrysler and Peugeot maker PSA face a lengthy EU antitrust investigation after they declined to offer concessions in a bid to allay EU antitrust...
S&P 500 slips in volatile trade following Fed
The S&P 500 was down slightly in choppy trading on Wednesday after the Federal Reserve repeated its promise of support for the economy but projected...
U.S. inflation subdued with economy in recession
U.S. consumer prices fell for a third straight month in May and underlying inflation was weak as demand for goods and services remained subdued amid...
U.S. states accuse 26 drugmakers of generic drug price fixing in sweeping lawsuit
Twenty-six drug manufacturers were sued on Wednesday by the attorneys general of most U.S. states and several territories, which accused them of conspiring to reduce...
S&P 500 turns positive as Fed pledges support
The S&P 500 turned positive on Wednesday after the Federal Reserve repeated its promise of support for the economy....
Fed sees GDP drop of 6.5% in 2020, pledges at least $120 billion in monthly bond-buying
The U.S. Federal Reserve on Wednesday signaled years of extraordinary support for an economy facing a torturous slog back from the coronavirus pandemic, with policymakers...
Instant View: Fed sees GDP falling 6.5% in 2020, keeps rates at zero
The U.S. Federal Reserve on Wednesday repeated its promise of continued extraordinary support for the economy as policymakers projected a 6.5% decline in gross domestic...
U.S. May deficit nearly doubles to $399 billion
The U.S. federal budget deficit in May nearly doubled to $399 billion from a year earlier amid continued strong spending on coronavirus relief programs and...