Trump says the Fed should have acted faster but today’s action is fine
President Donald Trump said the Federal Reserve’s decision on Wednesday to lower interest rates was “fine” but the central bank should have acted sooner.
AT&T, Dish not in talks over DirecTV deal: source
AT&T Inc and Dish Network Corp are not in discussions over a deal due to regulatory issues, a source familiar with the matter said on Wednesday, after the Wall Street Journal reported https://on.wsj.com/2kS2Hbs the wireless carrier was considering parting ways with its satellite TV division DirecTV.
Huawei promises smartest 5G phone, but who will be brave enough to buy?
Huawei [HWT.UL] launches what could be the world’s most powerful and feature-packed 5G smartphone on Thursday, but the fate of the device in Europe will hang on whether it can overcome a U.S. ban to give customers the Google software they expect.
U.S. bankers seize on repo-market stress to push for softer liquidity rules
Big U.S. banks are using the recent chaos in short-term funding markets as an opportunity to pressure the Federal Reserve to ease liquidity requirements they have long despised.
Parts shortage leads GM to lay off 1,200 temporarily in Canada
The strike against General Motors Co’s U.S. operations has led to a parts shortage, the automaker said on Wednesday, and as a result it announced the temporary lay-offs of 1,200 workers at its Oshawa assembly plant in Canada.
Powell to Trump: Now it’s your turn
Tucked into Fed Chair Jerome Powell’s news conference on Wednesday was a not-so-subtle message for President Donald Trump: the economy is holding up because the U.S. central bank has acted to support it through a volatile patch, and whether that contin…
S&P 500 ends slightly higher after Fed gives mixed signals
The S&P 500 ended marginally higher on Wednesday after Federal Reserve policymakers cut interest rates by a quarter of a percentage point, as expected, but gave mixed signals about their next move.
Fed cuts interest rates, signals holding pattern for now
The U.S. Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion but signaled a higher bar to further reductions in borrowing costs, eliciting a fast and sharp rebuke from President Donald Trump.
‘Alexa, send $20 to my favorite presidential candidate’
Amazon said on Wednesday it will make donating to a U.S. presidential candidate as easy as turning on the lights or replenishing a household’s toilet-paper stocks, via its Alexa digital assistant.
Stocks reverse losses, Treasury yields dip following remarks by Fed’s Powell
The S&P 500 and the Dow reversed losses to close higher on Wednesday and U.S. Treasury yields slipped after remarks by Federal Reserve Chair Jerome Powell tempered the market’s initial reaction to the U.S. central bank’s policy statement.
