Fed expected to cut rates, but resilient economy may signal pause ahead
The Federal Reserve is expected to reduce interest rates on Wednesday, but new data showing resilient U.S. economic growth may make that rate cut the last for now.
The Federal Reserve is expected to reduce interest rates on Wednesday, but new data showing resilient U.S. economic growth may make that rate cut the last for now.
As the market climbs to new highs, you might be tempted to ratchet back your exposure to stocks. But now is not the time to do that, experts say, unless you're in a couple of specific situations.
The prospect of living in a nursing care facility is so unsavory that 54% of adults over age 50 say they would rather die than reside in one, according to Nationwide Retirement Institute.
General Motors Co said on Wednesday President Mark Reuss would now oversee North America, South America, China and international regions.
U.S. President Donald Trump's demand that Beijing commit to big purchases of American farm products has become a major sticking point in talks to end the Sino-U.S. trade war, according to several people briefed on the negotiations.
The Trump administration still expects to sign an initial trade agreement with China next month despite the cancellation of the APEC summit in Chile where officials had hoped to finalize the pact, the White House said on Wednesday.
Boeing Co Chief Executive Dennis Muilenburg will begin the first of two days of testimony Tuesday before U.S. lawmakers and will face tough questions on the crashes of two 737 MAX planes, which killed 346 people and sparked calls for reforms.
U.S. stock index futures edged lower on Tuesday as investors assessed a mixed batch of earnings reports, including from Google parent Alphabet and big drugmakers Merck and Pfizer.
U.S. oil and gas company ConocoPhillips' quarterly profit shot ahead of analysts' estimates on Tuesday, as higher shale production offset the impact from lower crude prices and higher exploration costs.
Facebook , Google and Twitter must do more to tackle fake news or face regulatory action, the European Commission said on Tuesday.
Corporations, foreign investors and U.S. households are the three big market forces which could continue to drive demand for U.S. equities.
Pfizer Inc posted a third-quarter profit well ahead of analysts' estimates on higher sales of breast cancer drug Ibrance and raised its earnings forecast for the year, sending the largest U.S. drugmaker's shares up 3%.
Major Wall Street analysts were sticking by Alphabet's stock after the company reported solid but unspectacular earnings on Monday after the bell.
Merck & Co Inc reported a better-than-expected quarterly profit on Tuesday and raised its full-year earnings forecast as sales of its blockbuster immunotherapy, Keytruda, crossed the $3 billion mark for the first time in a single quarter.
AT&T Inc executives on Tuesday are expected to reveal new details about pricing, programming and distribution of the company's forthcoming HBO Max streaming video service as they plot the phone giant's entrance into the streaming war.