The Federal Reserve on Wednesday unveiled a long-awaited plan to stop scaling back the vast portfolio of bonds it built up to spur an economic recovery from the 2007-2009 financial crisis and recession.
The U.S. Federal Reserve on Wednesday brought its three-year drive to tighten monetary policy to an abrupt end, abandoning projections for any interest rate hikes this year amid signs of an economic slowdown, and saying it would halt the steady decline of its balance sheet in September.
A gauge of stocks across the world fell on Wednesday as a boost from a dovish Federal Reserve was not enough to offset concerns over economic growth and U.S.-China trade talks.
Boeing Co was awarded a $4 billion contract for advance purchase of materials to produce 78 F/A 18 aircraft for the U.S. Navy, the Pentagon said on Wednesday. Work is expected to be completed in April 2024, it said.
The world’s biggest planemaker Boeing faced growing obstacles on Wednesday to returning its grounded 737 MAX fleet to the skies, while details emerged of an Indonesian crash with potential similarities to the Ethiopian disaster.
A U.S. Senate panel plans a hearing on March 27 on aviation safety after two fatal Boeing 737 MAX 8 aircraft crashes since October, and said it will also schedule a hearing with Boeing and other manufacturers, officials said on Wednesday.
The Federal Aviation Administration said on Wednesday that Boeing Co is developing a service bulletin instructing airlines to install new flight control computer operational program software in the now grounded Boeing 737 MAX.
The S&P 500 and the Dow ended lower on Wednesday as interest rate-sensitive financial stocks dragged down the indexes after the U.S. Federal Reserve affirmed a dovish monetary policy stance.
The board of French oil and gas major Total has proposed total 2018 compensation for Chief Executive Patrick Pouyanne of 3.1 million euros ($3.55 million), compared with 3.8 million in 2017, company documents showed on Wednesday.
Ethiopian investigators will lead the next stage of cockpit data analysis from the Boeing 737 MAX that crashed outside Addis Ababa with U.S. and French support, a person familiar with the investigation said.
Walmart Inc. Chief Technology Officer Jeremy King is leaving the company, according to an internal company memo, even as the retailer races to transform its e-commerce business and close the gap with rival Amazon.com Inc.
The board of French oil and gas major Total has proposed to keep Chief Executive Patrick Pouyanne’s 2018 compensation at 3.1 million euros ($3.55 million) compared with 3.8 million in 2017, company documents showed on Wednesday.
U.S. crude prices rose on Wednesday to a four-month high above $60 a barrel after U.S. government data showed tightening domestic oil supplies, but gains were capped by concerns over global economic growth due to the ongoing U.S.-China trade war.
Stocks across the world fought to extend their longest winning streak of the year on Wednesday, with a global index edging up as a boost from a dovish Federal Reserve more than offset concerns over U.S.-China trade talks.
The Federal Reserve held interest rates steady on Wednesday and its policymakers abandoned projections for further rate hikes this year as the U.S. central bank flagged an expected slowdown in the economy.
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