Business News
What changed for the Fed in seven weeks? Trade risks top the list
On May 1, the Federal Reserve viewed the American economy as having a solid footing and risks to the outlook were muted.
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Business News
U.S. bond market’s inflation gauges rise as Fed hints at rate cuts
The U.S. bond market’s gauges of investors’ inflation views climbed on Wednesday as the Federal Reserve signaled it may lower interest rates later this year to counter slowing global growth and sluggish domestic inflation.
Business News
Factbox: What is Slack?
Slack Technologies Inc, whose instant messaging app has taken workplaces by storm, is scheduled to go public via a direct listing on June 20, instead of the more popular initial public offering route.
Business News
Slack reference price for direct listing set at $26/share
Slack Technologies Inc’s direct listing price is set at $26 per share, according to a notice on the New York Stock Exchange on Wednesday.
Business News
DoubleLine’s Gundlach says Fed’s ‘pivot’ is following bond market’s lead
Jeffrey Gundlach, chief executive of DoubleLine Capital and the most widely followed bond investor, said the Federal Reserve’s dovish turn in its policy statement on Wednesday took its lead from the bond market.
Business News
Fed sees case building for interest rate cuts this year
The U.S. Federal Reserve on Wednesday said it was ready to battle growing global and domestic economic risks with interest rate cuts beginning as early as next month, as it took stock of rising trade tensions and growing concerns about weak inflation.
Business News
Papa John’s to invest $80 million in marketing, U.S. franchisees
Papa John’s International Inc said on Wednesday it would spend $80 million to boost its brand image and support its franchisees in the United States from the third quarter of fiscal year 2019.
Business News
Facebook called before Senate panel over digital currency project
Facebook Inc’s plans to create a global cryptocurrency will face scrutiny from the U.S. Senate Banking Committee on July 16, the latest sign that policymakers around the globe are casting a wary eye on the project.
Business News
Oracle quarterly profit beats estimates; shares rise
Oracle Corp beat fourth-quarter revenue and profit estimates on Wednesday, as the business software maker benefited from demand for its on-premise IT, cloud services and license support businesses, sending its shares up as much as 7% in extended trading.
Business News
Global stocks gain, dollar weakens after Fed signals possible rate cuts
A gauge of global stock markets strengthened on Wednesday, bolstered by gains on Wall Street, and benchmark U.S. Treasury yields and the dollar dropped after the Federal Reserve signaled possible interest rate cuts over the rest of this year.
Business News
Stocks approach record as Fed soothes Wall Street’s fears
The S&P 500 approached a record high on Wednesday after the Federal Reserve signaled potential interest cuts later this year, reassuring investors worried that the U.S.-China trade war could stall economic growth.
Business News
PG&E completes safety inspection of distribution infrastructure
Electric utility PG&E Corp said on Wednesday it has completed visual inspections of about 99% of its distribution infrastructure to provide additional precautionary measures intended to reduce wildfire risk.
Business News
DoubleLine’s Gundlach: Fed doing ‘what the bond market says – with a lag’
Jeffrey Gundlach, chief executive of Doubleline Capital, said on Wednesday that the Federal Reserve is doing “what the bond market says – with a lag.”
Business News
Fed sees case for interest rate cuts this year building
The U.S. Federal Reserve on Wednesday signaled it could cut interest rates by as much as half a percentage point over the remainder of this year in response to increased economic uncertainty and a drop in expected inflation.
Business News
Stocks climb as Fed soothes Wall Street’s trade fears
Wall Street rose on Wednesday after the Federal Reserve signaled potential cuts later this year, reassuring investors worried that the U.S.-China trade war could stall economic growth.