Comcast Corp said on Wednesday it will offer internet customers a free streaming media set top box that works with other services, stepping up competition with Roku Inc in the market for a device that organizes multiple subscriptions.
Tesla wants to steal Porsche's bragging rights by testing its Model S on the northern loop of Germany's Nuerburgring circuit, using a marketing tool that German carmakers have long used to tout the superiority of their products.
U.S. stocks extended their losses and the U.S. Treasury yield curve flattened on Wednesday, after the U.S. Federal Reserve cut interest rates, as expected, but gave mixed signals regarding future rate moves.
Wall Street sank on Wednesday as Federal Reserve policymakers gave mixed signals about their next move after cutting interest rates by a quarter of a percentage point in a widely expected move.
Federal Reserve Chairman Jerome Powell said the he does not see the Fed using negative interest rates in the future.
Powell said on Wednesday that the Fed may have to resume regular balance sheet growth to help ease money markets.
Jerome Powell pledged that the central bank would engage in a "sequence" of interest rate cuts if conditions warrant, but he doesn't see that as necessary now.
The Federal Reserve dialed up its growth expectations slightly while keeping its inflation projection unchanged.
Amazon said on Wednesday it will make donating to a U.S. presidential candidate as easy as turning on the lights or replenishing a household's toilet-paper stocks, via its Alexa digital assistant.
The S&P 500 ended marginally higher on Wednesday after Federal Reserve policymakers cut interest rates by a quarter of a percentage point, as expected, but gave mixed signals about their next move.
The S&P 500 and the Dow reversed losses to close higher on Wednesday and U.S. Treasury yields slipped after remarks by Federal Reserve Chair Jerome Powell tempered the market's initial reaction to the U.S. central bank's policy statement.
Microsoft Corp said on Wednesday its board had approved a new share repurchase program of up to $40 billion and raised its quarterly dividend.
Tracy Britt Cool is leaving the firm after a decade to start a company that replicates Warren Buffett's business model, the Wall Street Journal reported.
AT&T is exploring parting from its DirecTV unit, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
The strike against General Motors Co's U.S. operations has led to a parts shortage, the automaker said on Wednesday, and as a result it announced the temporary lay-offs of 1,200 workers at its Oshawa assembly plant in Canada.