Fed’s Evans says he’s closely watching inflation
Chicago Fed President Charles Evans said on Wednesday he will be closely watching inflation in determining the future path of interest rates.
Fed’s Evans: U.S. economy in ‘good place,’ but watching inflation
The U.S. economy is in a good place but the path of inflation will be important in deciding the future path of interest rates, Chicago Federal Reserve President Charles Evans said on Wednesday.
Boeing CEO says he will forgo ‘tens of millions of dollars’ in compensation
Boeing Co chief executive Dennis Muilenburg said Wednesday he will forgo “tens of millions of dollars” in compensation after asking board to waive bonuses on Saturday.
Oil prices slide on U.S. crude build, euro zone data
Oil prices fell on Wednesday after a larger-than-expected build in U.S. crude inventories and weak euro zone economic figures, reversing some of the gains of the previous three sessions.
Britain’s Virgin Media switches to Vodafone’s mobile network
Britain’s Virgin Media is ditching BT’s mobile network for rival Vodafone from late 2021 in a five-year deal that will allow it to launch new services such as 5G to its more than 3 million customers.
Uber shares fall to record low as stock lock-up expires
Uber Technologies Inc fell as much as 9% to a record low on Wednesday after shares held by early investors became available for sale following the expiration of a six-month restriction related to the ride-hailing company’s initial public offering.
Explainer: Central bank digital currencies – edging toward reality?
Central banks are looking at creating their own digital currencies – a stark contrast to the ethos of cryptocurrencies that seek to subvert mainstream authority over money.
Wendy’s reports strong results, with same-store sales rising
Wendy’s Co reported on Wednesday that North America same-store sales rose 4.4% in the third quarter, powered by new launches such as the $5 Biggie Bag deal and spicy chicken nuggets.
Wall Street eyes higher open after robust earnings run
Wall Street’s main indexes were set to open near record highs on Wednesday, as a largely upbeat corporate earnings season and optimism around a U.S.-China trade truce drive a rally in stocks.
Ride-hailing market revs up in Egypt
Competition in Egypt’s ride-hailing and tech-enabled transport market is heating up as rivals from global giant Uber to smaller local firms vie for a slice of the Middle East’s largest market.
