U.S. stocks were little changed on Wednesday as investors awaited a widely anticipated interest rate cut by the Federal Reserve and clues on whether it would inaugurate further monetary easing.
U.S. labor costs rose at their slowest pace in 1-1/2 years in the second quarter, the latest indication of benign inflation that could allow the Federal Reserve to cut interest rates on Wednesday for the first time in a decade.
Oil prices rose for a fifth day on Wednesday, supported by a larger-than-expected drop in U.S. inventories and investor expectations that the U.S. Federal Reserve will lower borrowing costs for the first time in more than a decade.
The dollar index was flat on Wednesday while the pound bounced back from a ‘no-deal Brexit’ slump, with oil up for a fifth day and stocks little changed ahead of a highly anticipated statement from the U.S. central bank.
Italy’s biggest bank by assets UniCredit said on Wednesday it was carrying out its own investigation in relation to a major data breach at capital one Financial Corp.
Wall Street banks are set to grill WeWork on its finances on Wednesday as it prepares to publicly sell stock for the first time, possibly in September, a sale that will create a benchmark for the rapidly expanding flexible office industry.
Manufacturing industries in the U.S. Midwest tumbled into contraction territory in July as a deal on trade between China and the United States remained elusive, two private surveys showed on Wednesday.
U.S. and Chinese negotiators wrapped up a brief round of trade talks on Wednesday that both sides described as “constructive,” including discussions over further Chinese purchases of American farm goods and an agreement to reconvene in September.
Facebook Inc on Wednesday defeated an appeal by American victims of Hamas attacks in Israel, who sought to hold the company liable for providing the group a social media platform to further its goals.
BlackRock Inc, the world’s largest asset management firm, said on Wednesday it had raised $2 billion for its flagship opportunistic credit fund, Global Credit Opportunities, reflecting investor demand for alternative investments.
U.S. stocks rose on Wednesday on a boost from Apple’s upbeat earnings report, but a drop in chip stocks capped gains, while investors awaited a widely expected interest rate cut by the Federal Reserve.
Ryanair has 500 more pilots and 400 more cabin crew than needed, and job losses will be announced in the coming weeks, Chief Executive Michael O’Leary told staff in a video message https://vimeo.com/350780012/5abde31242.
General Electric Co raised its 2019 forecast on Wednesday amid a modest improvement at some of its industrial units, but posted a net loss and stirred investor concerns, sending its shares lower.
Amazon has bought Israeli storage technology startup E8 Storage, a source familiar with the deal said on Wednesday.
U.S. stocks opened higher on Wednesday, lifted by Apple’s shares, as the iPhone maker’s upbeat earnings eased concerns over the impact of the U.S.-China trade war, while investors awaited an almost certain cut in interest rates by the Federal Reserve.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
