Stocks around the world extended recent gains and oil prices jumped on Wednesday on optimism that the United States and China may be inching towards a trade deal, soothing fears of an all-out trade war and its possible impact on global growth.
A Federal Reserve official said on Wednesday he expects three interest-rate rises this year assuming the U.S. economy remains reasonably strong, adding it was a “very good time” to watch how political developments play out.
China has pledged to purchase “a substantial amount” of agricultural, energy and manufactured goods and services from the United States, the U.S. Trade Representative’s office said on Wednesday after U.S.-China trade talks wrapped up in Beijing.
Another clutch of U.S. Federal Reserve officials said on Wednesday they would be cautious about any further increases in interest rates so that the central bank could assess growing risks to an otherwise solid U.S. economic outlook.
U.S. stocks rose for a fourth straight day on Wednesday, as gains in energy and technology stocks added to optimism over signs of progress in U.S.-China trade talks.
Oil prices climbed around 3 percent on Wednesday as the extension of U.S.-China talks in Beijing raised hopes that the world’s two largest economies would resolve their trade standoff.
With uncertainty around trade policy and businesses skittish about the future, the Fed should let the economy “run for a while” before any further policy action, Atlanta Federal Reserve bank president Raphael Bostic said on Wednesday.
Amazon.com Inc Chief Executive Jeff Bezos and wife MacKenzie Bezos have decided to divorce after a long trial separation, Bezos said on Wednesday in a joint statement by the couple on Twitter.
U.S. stocks opened higher for a fourth straight day on Wednesday, boosted by energy and technology sectors, as well as hopes of a trade deal between the United States and China.
A Brazilian man facing allegations of bribing officials at state-run oil company Petroleo Brasileiro SA on behalf of Vitol Group [VITOLV.UL], Glencore and other major oil trading firms has been arrested in the United States, authorities said Tuesday.
U.S. stock index futures rose on Wednesday, setting up Wall Street for a fourth straight day of gains, as rising expectations of a trade deal between the United States and China boosted demand for risk assets across the world.
The Federal Reserve can wait and use the first half of this year to assess growing risks to the otherwise solid U.S. economic outlook, an influential regional Fed president said on Wednesday, even as he stuck by an expectation to eventually raise interest rates a bit into restrictive territory.
Firms are growing cautious and hesitant to invest, a likely drag on growth in 2019 that should leave the Fed patient about further rate increases until there is “greater clarity” about the direction of the economy, Atlanta Federal Reserve bank president Raphael Bostic said on Wednesday.
U.S. stock index futures rose on Wednesday, setting up Wall Street for a fourth straight day of gains, as rising expectations of a trade deal between the United States and China boosted demand for risk assets across the world.
The owners of New York City’s iconic Chrysler Building are looking to sell the nearly 90-year-old skyscraper, one of the owners told Reuters on Wednesday.
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