Fed holds rates steady, offers no new guidance on balance sheet
The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with officials pointing to continued moderate U.S. economic growth and a “strong” job market.
Fed leaves rates unchanged, offers no new guidance on balance sheet
The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with officials pointing to continued moderate U.S. economic growth and a “strong” job market.
KLM says it will scrap some flights to China due to the coronavirus outbreak
KLM, the Dutch arm of Air France KLM, will scrap some flights to China due to the coronavirus outbreak in the North Asian country, it said late on Wednesday.
GE shares jump 10% on profit beat, higher 2020 cash target
General Electric Co sold more investors on its turnaround story on Wednesday, sending shares 10% higher on its quarterly profit and cash results that beat forecasts, and its bullish cash target for 2020.
Traders maintain bets on Fed pausing on policy till later in year
U.S. short-term interest rate futures dropped but only slightly on Wednesday after the Federal Reserve wrapped up its January meeting without changing interest rates or signaling it was in any rush to do so.
FOMC statement from January 28-29 meeting
Following is the full text of the statement released by the Federal Reserve’s Federal Open Market Committee on Wednesday following a two-day meeting:
Shell appoints director Goh as deputy chair
Royal Dutch Shell said on Wednesday director Euleen Goh would take over as its deputy chair from May 20.
Boeing posts first annual loss in two decades as 737 MAX costs near $19 billion
Boeing Co on Wednesday swung to its first annual loss since 1997 as 737 MAX costs doubled to nearly $19 billion, and the plane manufacturer indicated it would again cut production of its bigger 787 Dreamliner aircraft, currently its main source of cas…
Lyft plans restructuring, job cuts: New York Times
Lyft Inc plans to announce a restructuring that will result in job cuts, the New York Times reported on Wednesday, citing two people with knowledge of the matter.
How the North American trade deal will affect autos, digital trade, drugs
The U.S.-Mexico-Canada trade agreement (USMCA) signed by President Donald Trump on Wednesday modernizes the 26-year-old North American Free Trade Agreement, which has been blamed for hollowing out the U.S. manufacturing sector.
