Business & Finance News
General Motors Co said on Wednesday that Cadillac will switch its headquarters back to Michigan from New York after just three years to be closer to engineers and design teams as the luxury brand plans to roll out two new vehicles annually through 2020.
Major technology companies and internet service providers told a U.S. Senate panel on Wednesday they support federal legislation to protect data privacy but want Congress to preempt tough new rules adopted by California.
Wall Street extended gains on Wednesday, while the dollar dipped but then recovered, after the U.S. Federal Reserve raised interest rates, as expected, and flagged the end of “accommodative” monetary policy.
Nike shares fell as much as 3 percent on Wednesday after the company disappointed Wall Street by not raising its full-year forecast following a sales boost from its Colin Kaepernick ad campaign.
Uber Technologies Inc [UBER.UL] will pay $148 million for failing to disclose a massive data breach in 2016, marking a costly resolution to one of the biggest embarrassments and legal tangles the ride-hailing company has suffered.
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.
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.
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