Traders of U.S. short-term interest-rate futures on Wednesday stuck with bets the Federal Reserve will raise rates once more this year and two times next year even after the central bank released forecasts flagging a slightly steeper rate hike path.
U.S. stocks extended gains on Wednesday after a widely expected interest rate hike by the U.S. Federal Reserve and as investors bet that the central bank is approaching the end of a cycle of tightening monetary policy.
The U.S. Federal Reserve raised interest rates on Wednesday, as expected, and left its monetary policy outlook for the coming years largely unchanged amid steady economic growth and a strong job market.
The Federal Reserve raised interest rates on Wednesday, as expected, and forecast three more years of economic growth as the U.S. central bank left its policy for steady rate rises in place.
Steel and aluminum tariffs imposed by the Trump administration have cost Ford Motor Co about $1 billion in profits, its chief executive officer said on Wednesday, while Honda Motor Co said higher steel prices have brought “hundreds of millions of dollars” in new costs.
U.S. ride hailing firm Lyft Inc’s revenue more than doubled in the first half of the year to $909 million, while its net loss expanded at a slower rate than a year earlier, technology news website The Information reported on Wednesday.
The U.S. Federal Reserve raised interest rates on Wednesday, as expected, and left its monetary policy outlook for the coming years largely unchanged amid steady economic growth and a strong job market.
Canadian Prime Minister Justin Trudeau on Wednesday shrugged off U.S. pressure to quickly agree to a deal on NAFTA and indicated it was possible the three member nations might fail to conclude a new pact.
Nestle hopes to be able to pass on rising costs resulting from higher inflation in Western countries in coming years.
Gains in healthcare and media stocks lifted Wall Street on Wednesday, although banks dropped ahead of a widely expected interest rate hike by the U.S. Federal Reserve.
The board of Airbus is holding an unusual meeting in China as the European planemaker implements plans to increase local assembly of jets – a hike that could help unlock talks over a long-delayed deal to sell up to 180 jets, industry sources said.
Papa John’s International Inc , the world’s third-largest pizza delivery company, has reached out to potential acquirers to ask them to submit offers, people familiar with the matter said on Wednesday.
Steel and aluminum tariffs imposed by the Trump administration has cost Ford Motor Co about $1 billion, its chief executive officer said on Wednesday.
Merck & Co Inc Chief Executive Officer Kenneth Frazier will remain in the role beyond 2019, the drugmaker said on Wednesday, after it scrapped a policy requiring its CEOs to retire at the age of 65.
The supreme court of world trade is close to breakdown after the United States turned down a last-ditch petition to reappoint one of the four remaining judges at the World Trade Organization.
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