Instant View: Fed stands pat on rates, expects no change in 2020
The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, with moderate economic growth and low unemployment expected to continue through next year’s presidential election…
Fed leaves interest rates unchanged, expects moderate economic growth in 2020
The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, with moderate economic growth and low unemployment expected to continue through next year’s presidential election…
CEO of GM’s Cruise hints at offering low-cost shared rides
The chief executive of autonomous vehicle company Cruise signaled in a blog post on Wednesday that the General Motors Co subsidiary is shifting its focus to shared rides “at a radically lower cost.”
Traders keep bets on extended Fed policy pause
U.S. short-term interest rate futures were slightly lower Wednesday after the Federal Reserve held interest rates steady and signaled most policymakers see little chance they will need to tweak borrowing costs until after next year’s presidential elect…
U.S. government posts $209 billion deficit in November
The U.S. federal government recorded a $209 billion budget deficit in November as an increase in spending on programs like public health insurance outpaced gains in revenues, the Treasury Department said on Wednesday.
U.S. chief executives back revised USMCA trade deal
The Business Roundtable, a trade group of top U.S. chief executives, announced Wednesday its members backed the revised U.S.-Mexico-Canada (USMCA) trade deal after negotiators brought the hard-won agreement across the finishing line.
Mexican businesses focus on labor provisions as they pore over USMCA trade deal text
Mexican business leaders on Wednesday began poring over texts of a new stricter trade deal with the United States and Canada, looking for details of how more intrusive enforcement of labor rules in Mexico would affect their operations.
FAA probes Boeing 737 MAX production, ex-manager warns of ‘a factory in chaos’
The U.S. Federal Aviation Administration said on Wednesday it was investigating production issues at Boeing Co’s 737 MAX factory, raised by an ex-manager who warned that schedule pressure and worker fatigue undermined quality and raised safety risks.
Factbox: FAA chief says 737 MAX will not be cleared to fly in 2019
U.S. Federal Aviation Administration (FAA) chief Steve Dickson confirmed on Wednesday the agency will not allow Boeing Co’s grounded 737 MAX, involved in two fatal crashes in five months, to resume flying before the end of 2019.
Oil drops on surprise U.S. crude build but tariff deadline eyed
Oil prices dropped almost 1% on Wednesday following a surprise build in U.S. crude inventories, and as investors waited to see if a fresh round of tariffs by Washington on Chinese goods would come into force on Sunday.
