The U.S. Federal Reserve raised interest rates on Wednesday, as expected, but forecast fewer rate hikes next year and signaled its tightening cycle is nearing an end in the face of financial market volatility and slowing global growth.
Jim Woods, editor of the Successful Investing and Intelligence Report newsletters discusses his investing strategies and shares his stock market outlook, and prescription for how to profit in 2019. While his trend following system gave […]
Johnson & Johnson failed to persuade a Missouri trial judge to set aside a verdict awarding a record $4.69 billion to 22 women who blamed their ovarian cancer on asbestos in the company’s Baby Powder and other talc products.
Russian oligarch Oleg Deripaska’s stake in En+ will fall to 44.95 percent from about 70 percent as part of a restructuring that paved the way for a lifting of sanctions on three of his companies, the U.S. Treasury said in a statement.
U.S. stocks rose more than 1 percent to session highs on Wednesday, ahead of a much-awaited Federal Reserve announcement that investors hope will point to a more moderate pace of future interest rate hikes and spark a year-end rally.
Russian tycoon Oleg Deripaska is preparing to cede control of Rusal and its parent En+ , moving part of his En+ stake to a blind trust, as talks with the United States on lifting sanctions advance, three sources familiar with the talks said.
The United States imposed fresh Russia-related sanctions on Wednesday and said it intended to lift sanctions against Rusal Plc, EN+ and ESE, according to the Treasury Department website.
A decade since the global financial crisis, the U.S. securities regulator is still struggling to get a grip on the country’s rating agencies because it lacks the tools and expertise needed to crunch growing reams of ratings data, people familiar with the effort say.
Billionaire investor Warren Buffett is getting out of the Canadian mortgage business after a nifty trade that helped a company that had been on the ropes.
The attorney general for Washington, D.C. has sued Facebook over the scandal that broke earlier this year involving Cambridge Analytica’s use of data from the social-media giant, the Washington Post reported on Wednesday.
Oil prices rose about 3 percent on Wednesday, recovering somewhat from a sharp sell-off during the previous session, after U.S. data showed strong demand for refined products.
U.S. stocks climbed 0.7 percent on Wednesday, boosted by the technology sector, while banks rose ahead of a much anticipated Federal Reserve announcement that investors hope will point to a more moderate pace of interest rate hikes next year, which could spark a year-end rally.
Facebook’s lead regulator in the European Union on Wednesday said it was assessing a report in the New York Times that the social network allowed some tech companies far greater access to data than it had disclosed.
From an eye shadow that opens with the flick of a thumb, Zippo-style, to a barely-there foundation in subtle blue-gray packaging: men’s make-up is getting a makeover as manufacturers bid to take it more mainstream.
General Mills Inc reported a quarterly profit above Wall Street estimates on Wednesday as the maker of Cheerios cereal raised prices and eked out higher margins from cost savings.
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