The Federal Reserve on Wednesday cut interest rates for the third time this year, as expected, in a move to ensure the U.S. economy weathers a global trade war without slipping into a recession, but signaled its rate-cut cycle might be at a pause.
The Federal Reserve on Wednesday cut interest rates for the third time this year in a move to ensure the U.S. economy weathers a global trade war without slipping into a recession, but signaled its rate-cut cycle might be at a pause.
Former Exxon Mobil Corp Chief Executive Officer Rex Tillerson on Wednesday denied misleading investors about how the oil major measured potential costs of climate change, as he testified in a closely watched civil lawsuit brought by New York's attorney general.
Fiat Chrysler will pay its shareholders a 5.5 billion euro ($6.1 billion) special dividend under a proposed tie-up scheme with French rival Peugeot , two sources close to the matter said on Wednesday.
U.S. stocks were little changed on Wednesday, rebounding after a brief move lower in choppy trade on the heels of the policy statement by the U.S. Federal Reserve that cut interest rates by a quarter of a percentage point.
U.S. economic growth slowed less than expected in the third quarter as a further contraction in business investment was offset by resilient consumer spending, further allaying financial market fears of a recession.
The United Nations is seeking a new host for this year's round of climate talks in December after Chile withdrew as raging street protests grip the South American country.
Chile withdrew on Wednesday as the host of an APEC summit next month at which the United States and China had been expected to sign a deal to ease trade tensions hurting the global economy, as raging street protests gripped the South American country.
Former Exxon CEO Rex Tillerson took the stand on Wednesday in week two of New York's case against the oil giant, which accuses the company of deceiving investors about the true cost of climate change.
Data shows that when the third interest rate cut was the last cut in a series, stocks got a healthy boost in the following year.
CPA | Bruce Ball | Oct 29 2019 With the rise of cryptocurrencies, uncertainty is growing over their tax treatment. Learn about existing Canada Revenue Agency (CRA) guidance, as well as CPA Canada’s concerns with newly proposed GST/HST legislation. As cryptocurrencies enter the mainstream, their users and tax advisers need to understand the tax implications.
U.S. short-term interest rate futures on Wednesday pared earlier gains after the Federal Reserve cut interest rates for a third time this year and signaled it would pause to assess any further need to ease policy.
The U.S. Treasury yield curve flattened on Wednesday after the Federal Reserve cut interest rates for the third time this year, but signaled that monetary easing could be on hold going forward.
Costa Rica's government said on Wednesday it defers to Chile, the United Nations Framework Convention on Climate Change and member states on how to proceed with the United Nations global climate change summit, COP25.
U.S. Treasury Secretary Steven Mnuchin said on Wednesday that it will take time for Chinese purchases of U.S. agricultural goods to "scale up" to the $40 billion to $50 billion annual level touted by President Donald Trump if the two sides can seal a "Phase 1" trade deal.