U.S. President Donald Trump said on Wednesday that new auto tariffs were “being studied now,” asserting they could prevent job cuts such as the U.S. layoffs and plant closures that General Motors Co announced this week.
Two U.S. senators on Wednesday asked the Trump administration to investigate whether Chinese telecommunications company ZTE Corp violated U.S. sanctions by helping Venezuela set up a database that monitors the behavior of its citizens.
Saudi Arabia will buy Lockheed Martin’s $15 billion missile defense system, a U.S. Department of State spokesman said on Wednesday, after aggressive lobbying by the administration to close the deal that included a personal call between President Donald Trump and Saudi King Salman.
Fred Perrotta spent four years building a network of Chinese suppliers for his line of trendy backpacks, but as soon as the United States announced tariffs on almost half of its Chinese imports, he started looking for suppliers in other countries.
U.S. Trade Representative Robert Lighthizer said on Wednesday that he was examining all available tools to raise U.S. tariffs on Chinese vehicles to the 40 percent duties that China is now charging on U.S.-produced vehicles.
A group of Jewish Americans sued Airbnb Inc on Wednesday in U.S. federal court, accusing the home rental company of religious discrimination over its decision last week to remove listings for about 200 homes in the Israeli-occupied West Bank.
Federal Reserve Chair Jerome Powell injected investors with a strong dose of optimism on Wednesday, saying that the central bank’s policy rate is now “just below” estimates of a level that neither brakes nor boosts a healthy U.S. economy, comments that many investors read as signaling the Fed’s three-year tightening cycle is drawing to a close.
A federal judge in San Francisco on Wednesday ordered the U.S. Justice Department and Fiat Chrysler Automobiles NV to hold new talks with a court-appointed settlement master to try to settle the government’s civil suit over the Italian-American automaker’s diesel vehicle emissions.
Comments by Federal Reserve Chair Jerome Powell that benchmark U.S. interest rates were “just below” neutral sparked a sharp rally on Wall Street on Wednesday, easing investor worries about the pace of rate hikes by the U.S. central bank next year.
Federal Reserve Chair Jerome Powell boosted U.S. stock markets on Wednesday when he said the policy rate is now “just below” estimates of a level that neither brakes nor boosts a healthy economy, comments that many took as signaling the Fed’s three-year tightening cycle is drawing to a close.
Apple Inc’s iPhone XR has been the company’s best-selling iPhone model every day since it went on sale in mid-October, a company executive told Reuters on Wednesday.
Wall Street rallied on Wednesday, multiplying its gains as investors bet on a moderation in the pace of U.S. monetary policy tightening after comments from Federal Reserve Chair Jerome Powell.
U.S. fund Pacific Investment Management Co (Pimco) has bought all of a $3 billion, five-year bond offered with a hefty return by Italy’s top bank UniCredit to comply with capital buffer rules, two sources familiar with the matter said.
Sears Holdings Corp Chairman Eddie Lampert’s hedge fund and Cyrus Capital Partners LP are preparing a potential takeover bid to keep the bankrupt retailer running, Bloomberg reported on Wednesday.
Wall Street extended its gains on Wednesday after Federal Reserve Chair Jerome Powell said that the central bank’s policy rate was “just below” neutral, hinting at a potential moderation in the pace of policy tightening.
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