The Federal Reserve will keep injecting cash into the banking system and buying billions of dollars of Treasury bills for a few more months, but it aims to start dialing back on both in the second quarter, Chair Jerome Powell said Wednesday.
Oreo maker Mondelez Inc said on Wednesday it expects a hit to its first quarter revenue from a new coronavirus outbreak in China which has killed over 130 people.
The outbreak of a new virus that originated in the central-Chinese city of Wuhan is likely to slow China's economic growth at least in the near term and could hurt its trading partners around the world.
U.S. grains trader Archer Daniels Midland Co's fourth quarter profit topped Wall Street expectations on Wednesday, driven by its nutrition business and refined products unit, which includes biodiesel and food oils.
U.S. Commerce Secretary Wilbur Ross on Wednesday said he expected the Canadian parliament to approve a new North American trade agreement very quickly, paving the way for the trade pact to take effect soon.
Microsoft Corp on Wednesday reported fiscal second-quarter sales and profit that beat Wall Street expectations, driven by the first acceleration of Azure cloud computing revenue growth in eight quarters amid a pitched battle with Amazon.com Inc’s cloud unit.
While the overall U.S. response to climate change is up to elected officials, Federal Reserve Chair Jerome Powell said on Wednesday, the Fed can play a part in keeping global warming from destabilizing U.S. banks and financial markets.
Microsoft Corp on Wednesday reported quarterly sales and profit that beat Wall Street expectations, driven by the first acceleration of Azure cloud computing revenue growth in eight quarters amid a pitched battle with Amazon.com Inc’s cloud unit.
The California Institute of Technology said on Wednesday that it won a $1.1 billion jury verdict in a patent case against Apple and Broadcom .
British car output dropped last year at the fastest rate since the 2008-9 recession, hit by slumping exports and diesel demand, as an industry body called for an ambitious post-Brexit trade deal to protect the sector.
The ability to buy and sell foreign exchange whenever needed with minimal market impact is seen by currency traders as the biggest challenge for 2020, according to an annual client survey by JP Morgan published on Thursday.
Samsung Electronics Co Ltd said on Thursday its operating profit fell 34% in the October-December quarter, in line with its estimate earlier this month, as the South Korean conglomerate battled a downturn in the memory chip market.
The Tokyo Stock Exchange on Thursday suspended trading in shares of Japan Display Inc after the Nikkei business daily reported that Ichigo Asset Management would inject about 100 billion yen ($900 million) into the company.
United Parcel Service Inc said on Wednesday it was ordering 10,000 electric delivery trucks from UK-based Arrival Ltd and teaming with self-driving startup Waymo as package carriers work to cut costs and tailpipe pollution.
Asian stocks slipped while gold and bonds were in demand on Thursday as worries about the spread of a new virus from China sent investors heading for safety.