Business & Finance News
The Federal Reserve has room to raise interest rates over the next couple of years without slowing economic growth, Fed Governor Lael Brainard said on Wednesday, suggesting that monetary policy would likely continue to tighten for some time.
Tesla Inc customers may face longer response time due to a significant increase in vehicle delivery volume in North America, Chief Executive Officer Elon Musk said in a tweet https://twitter.com/elonmusk/status/1039982911322087429.
The Trump administration has stepped up its communications with China over trade, the White House’s top economic adviser said on Wednesday, as people familiar with the effort said an invitation for a new round of trade talks was sent to Beijing.
Owning electric carmaker Tesla Inc’s shares is close to the riskiest it has ever been, data by options database and analytics firm OptionMetrics showed on Wednesday.
Trustees of British Airways-sponsored Airways Pension Scheme are close to a deal with Legal & General to insure more than 4 billion pounds ($5.22 billion) of its historic pension liabilities, Sky News reported on Wednesday.
Apple Inc introduced its largest-ever iPhone and a watch that detects heart problems on Wednesday in an attempt to get customers to upgrade to more expensive devices in the face of stagnant global demand for smartphones.
The Dow and S&P 500 ended slightly higher on Wednesday after news of a fresh round of U.S.-China trade talks, while the Nasdaq fell following a decline in Apple as it unveiled larger iPhones but made just minor changes to its offerings.
The Dow and S&P 500 ended slightly higher on Wednesday after news of a fresh round of U.S.-China trade talks, while the Nasdaq fell following a decline in Apple Inc shares as the company unveiled larger iPhones but made just minor changes to its offerings.
Oil futures rose on Wednesday, with Brent reaching $80 a barrel, after a larger-than-expected drop in U.S. crude inventories and as U.S. sanctions on Iran added to concerns over global oil supply.
The Trump administration has reached out to China for a new round of trade talks as it prepares to activate punitive U.S. tariffs on $200 billion worth of Chinese goods, two people familiar with the matter said on Wednesday.
Apple Inc introduced its largest iPhone ever and a new line of watches that can detect heart problems on Wednesday as it looks to get users to upgrade to more expensive devices in the face of stagnant global demand for smartphones.
The executive producer of the CBS television program “60 Minutes,” Jeff Fager, is leaving CBS News, according to a company memo on Wednesday, amid reports of inappropriate behavior.
The median U.S. household income rose for a third straight year in 2017 to the highest on record since 1967 by one measure, but the gap between white- and non-white households widened, government data showed on Wednesday.
U.S. stocks edged lower on Wednesday, weighed down by a decline in Apple as it unveiled larger iPhones but made just minor changes to its offerings, and other technology shares.
Shares of Chinese electric carmaker NIO Inc recovered sharply from a 15 percent fall in their market debut on Wednesday, a day after the company’s IPO was priced at the lower end of the expected range.
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