U.S. Commerce secretary expects quick passage of USMCA by Canadian parliament
U.S. Commerce Secretary Wilbur Ross on Wednesday said he expected the Canadian parliament to approve a new North American trade agreement very quickly, paving the way for the trade pact to take effect soon.
Stocks lose steam in wake of Fed statement
The S&P 500 ended slightly lower on Wednesday, as an initial boost from the likes of Apple, Boeing and General Electric following their quarterly results faded in the wake of a policy announcement from the Federal Reserve.
Microsoft cloud revenue reaccelerates, sending profit above Street estimates
Microsoft Corp on Wednesday reported fiscal second-quarter sales and profit that beat Wall Street expectations, driven by the first acceleration of Azure cloud computing revenue growth in eight quarters amid a pitched battle with Amazon.com Inc’s cloud unit.
Wells Fargo files for up to $66 billion mixed shelf offering
Wells Fargo & Co filed a mixed shelf offering of as much as $66 billion with the U.S. Securities and Exchanges Commission on Wednesday, and said it would use part of the proceeds to repurchase shares and pay down debt.
FCC to move forward on C-Band auction, may back incentives to shift spectrum: source
The Federal Communications Commission plans to move ahead in February with a planned public auction to free up spectrum in the key C-band and could endorse “low single-digit billion-dollar” incentive payments to shift existing satellite users, a person…
Fed keeps rates steady, to tailor Treasury bill purchases later this year
The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with the head of the U.S. central bank pointing to continued moderate economic growth and a “strong” job market, and giving no sign of any imminent cha…
ADM profit beats estimates on strength in refined products unit
Archer Daniels Midland Co’s quarterly profit beat estimates on Wednesday, as the U.S. grain trader’s refined products unit benefited from strong global demand for both biodiesel and food oils.
White House economic adviser says he would like to see bolder Fed
White House economic adviser Larry Kudlow said on Wednesday that he would like the Federal Reserve to be bolder, hours after the U.S. central bank announced it would keep interest rates steady.
Tesla extends profit run, promises record production, driving stock up 13%
Tesla Inc posted its second quarterly profit in a row as vehicle deliveries hit a record and the company said it would comfortably make more than half a million units this year, pushing its shares to new highs.
UPS doubling down on weekend deliveries as e-commerce booms and Amazon looms
United Parcel Service Inc said it aims to more than double weekend deliveries in 2020 as package carriers look for ways to satisfy the always-on demands of e-commerce customers, including rising rival Amazon.com Inc . The world’s biggest online re…
