Chuck Grassley, the Republican chairman of the U.S. Senate Finance Committee, predicted on Wednesday that the United States and Mexico would strike a deal to avert tariffs President Donald Trump has threatened to impose on Mexican imports.
Signs that the economy is losing momentum hung over a Federal Reserve summit for a second straight day as policymakers hinted they would be ready to cut interest rates if the U.S. trade war threatens a decade-long expansion.
A White House trade adviser and a leading Republican senator said on Wednesday that a U.S. plan to impose tariffs on Mexican goods might not go into effect, offering hope for Mexico and American businesses concerned about economic damage from a new front in President Donald Trump's trade wars.
U.S. President Donald Trump said on Wednesday he thinks Mexico wants to make a deal in the neighbors' immigration dispute, but that he will go ahead with tariffs on Mexican goods if it does not do more to control migration.
Democratic U.S. presidential hopeful Bernie Sanders said Walmart Inc should increase wages for its workers and stop fueling income inequality in the country.
U.S. services sector activity expanded at a brisk pace in May and industries hired more workers, offering some respite for an economy that is slowing following a temporary boost from exports and an accumulation of inventories in the first quarter.
U.S. stocks rose on Wednesday as expectations of an interest rate cut by the Federal Reserve were boosted by weak private sector jobs growth and on hopes that tariffs on Mexican goods could be avoided.
The U.S. Securities and Exchange Commission (SEC) on Wednesday voted to adopt a package of rules requiring brokerage firms to disclose potential conflicts in the fees investors pay and the commissions brokers earn when giving financial advice.
General Motors Chief Executive Mary Barra on Wednesday defended the automaker's plan to sell an assembly plant in Ohio, arguing the plan to sell the plant to an electric vehicle start-up was thoroughly vetted and had a chance of success.
Mexican President Andres Manuel Lopez Obrador has received an official list of U.S. products that could be subject to retaliatory tariffs if across-the-board duties threatened by the Trump administration take effect, officials said on Wednesday.
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Britain's former telecoms monopoly BT will consolidate its UK offices from 300 locations to roughly 30 sites while pressing ahead with plans to leave its St Paul's headquarters in London, the company said on Wednesday.
Meg Whitman, the former boss of Hewlett-Packard, said she was happy to throw her predecessor Leo Apotheker "under the bus" in a moment of anger over the botched acquisition of British software company Autonomy, London's High Court heard on Wednesday.
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The U.S. Federal Reserve on Wednesday reported that its contacts at companies across the country were worried that international trade tensions could weigh on business even as economic activity picked up.