The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, with moderate economic growth and low unemployment expected to continue through next year’s presidential election.
The chief executive of autonomous vehicle company Cruise signaled in a blog post on Wednesday that the General Motors Co subsidiary is shifting its focus to shared rides “at a radically lower cost.”
U.S. short-term interest rate futures were slightly lower Wednesday after the Federal Reserve held interest rates steady and signaled most policymakers see little chance they will need to tweak borrowing costs until after next year’s presidential election.
U.S. consumer prices increased solidly in November, which together with labor market strength could support the Federal Reserve’s intention not to cut interest rates again in the near term after reducing borrowing costs three times this year.
On-time delivery rates fell for Amazon.com Inc van drivers during the week ended Dec. 7, when the world’s top online retailer was slammed with record Cyber Monday orders and regional winter storms, consulting firm ShipMatrix said on Wednesday. Amazon van drivers delivered 93.7% of U.S. packages on time during Cyber Monday week, down from 98.2% during the prior week that included Thanksgiving, ShipMatrix said. This holiday season is a crucial test for Amazon’s in-house delivery operations. …read more […]
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds’ top 3 stock picks returned 41.7% this year and beat […] …read more […]
Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Our research shows that most of the stocks that smart money likes historically generate strong […] …read more […]
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds’ top 3 stock picks returned 41.7% this year and beat […] …read more […]
Yahoo Finance’s Adam Shapiro, Julie, Scott Gamm and Akiko Fujita discuss the most recent developments in the Boeing 737 Max scandal on On The Move. …read more […]
Airlines face significant problems if the return to service of the Boeing 737 MAX drags on for months longer, the head of the International Air Transport Association said on Wednesday. IATA Director General Alexandre de Juniac told Reuters many airlines could cope with the latest delay in the plane’s return announced earlier on Wednesday, but were nearing the end of their ability to manage the shutdown smoothly. The head of IATA, whose 290 airlines represent 82% of global traffic, was speaking shortly after the U.S. Federal Aviation Administration said the jet would not return to service in 2019. …read more […]
The S&P 500 and the Nasdaq indexes held on to gains on Wednesday as traders awaited the Federal Reserve’s December policy statement for clues on the domestic economy’s strength, while the Dow Jones index was pressured by losses in Boeing and Home Depot.
Nestle has agreed to sell its U.S. ice cream business to Froneri, a joint venture the Swiss group set up in 2016 with PAI Partners, for a transaction value of $4 billion, it said on Wednesday.
Chevron Corporation is writing down the value of its assets by nearly $10 billion dollars. Yahoo Finance’s Adam Shapiro, Julie Hyman, Akiko Fujita and Scott Gamm discuss. …read more […]
The Federal Aviation Administration (FAA) said Wednesday it has an ongoing investigation into reported production problems involving the Boeing 737 after a former employee reported extensive issues.
The head of the Business Roundtable trade group of top U.S. chief executives said on Wednesday that he endorses the revised U.S.-Mexico-Canada (USMCA) trade deal after negotiators brought the hard-won agreement across the finishing line on Tuesday.
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