Business Cloud | Alistair Hardaker | Sep 13, 2019 Only a few firms said they are now prepared for a potential crash out of the EU next month Most London FinTech firms are not prepared for the fallout of a no deal Brexit, says a new report. More than three quarters, (78 per cent) of
As if the U.S. Federal Reserve didn't already have enough on its plate heading into its meeting on interest rates this week, chaos deep inside the plumbing of the U.S. financial system has thrown policymakers an unexpected curve ball.
Four Wall Street firms downgraded FedEx after the company's poor earnings report.
Southwest Airlines Co won the dismissal of a proposed class-action lawsuit seeking damages for stranded passengers on hundreds of winter flights it was forced to cancel because it ran out of de-icer fluid.
Not even charitable giving is immune to family bickering and conflict. Children and grandchildren tend to be left out of older investors' philanthropic planning, according to Key Private Bank.
Novartis AG's Sandoz unit said on Wednesday it was halting distribution of its versions of the drug commonly known as Zantac in all its markets, including the United States and Canada, after contaminants were found in the heartburn drug.
U.S. stocks came under pressure on Wednesday after a profit warning by FedEx, while investors waited for a decision on interest rates and clues on the future of U.S. monetary policy from the Federal Reserve.
U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction accelerated, suggesting that lower mortgage rates were finally providing a boost to the struggling housing market.
Stocks around the world edged lower on Wednesday and the U.S. dollar crept up as investors waited for the U.S. Federal Reserve's decision on interest rates later in the day.
FedEx CEO Fred Smith is "basically implying that we're going to import" a global slowdown," says CNBC's Jim Cramer.
The U.S. economy is likely growing at a 1.9% annualized rate in the third quarter, based on the latest data on industrial output and housing starts, the Atlanta Federal Reserve's GDPNow forecast model showed on Wednesday.
Semiconductor companies, especially those that sell heavily to China, have faced major headwinds this year. But investors are betting on a big payoff in 2020.
JPMorgan Chase & Co Chief Executive Jamie Dimon credited the U.S. Federal Reserve on Wednesday with doing the "right thing" in supporting the overnight funding needs of banks after borrowing costs suddenly spiked on Monday.
The Federal Reserve injected more cash into the U.S. banking system on Wednesday as the key interest rate pierced above the central bank's targeted range for the first time since the height of the global financial crisis over a decade ago.
DoubleLine Capital's Jeffrey Gundlach spoke to CNBC on Wednesday ahead of the Federal Reserve's decision on interest rates.