Faith in the Fed nudges Wall Street higher
Wall Street edged higher on Monday, supported by Facebook, Amazon and Apple, as investors awaited a key Federal Reserve meeting that is expected to lay the groundwork for an interest rate cut later this year.
Blockchain startup Ripple buys $30 million stake in MoneyGram
Blockchain firm Ripple has bought $30 million worth of shares and warrants in MoneyGram International Inc, the two companies said on Monday, as they partner to use Ripple’s product for cross-border payment and foreign exchange settlement.
Insurance costs rocket for U.S. IPOs as twitchy investors take to courts
Companies going public in the United States face insurance costs that have increased as much as 200% in the last three years to cover their executives against lawsuits alleging they misled investors.
Global stocks, yields dip with Fed meeting on tap
A gauge of global stock markets dipped slightly on Monday after a mostly strong month and benchmark U.S. bond yields edged lower as investors awaited developments this week from central banks in the United States and elsewhere.
S&P 500 ends up slightly as Fed meeting in view
The S&P 500 edged higher on Monday as investors awaited a Federal Reserve meeting that is expected to lay the groundwork for an interest rate cut later this year.
Sotheby’s snapped up by French tycoon Drahi for $3.7 billion
Franco-Israeli cable magnate Patrick Drahi made a surprise move into the art world by snapping up Sotheby’s in a deal worth $3.7 billion, marking the art auction house’s return to private ownership after 31 years.
FAA moves to support growth of civil supersonic air industry
The U.S. Federal Aviation Administration (FAA) said on Monday it is moving to rewrite testing rules to allow for the eventual return of civil supersonic air travel.
American in talks for up to 50 Airbus A321XLR jets: sources
American Airlines Group Inc is edging toward a deal with Airbus to buy up to 50 newly launched A321XLR extended-range narrow-body aircraft, including some converted from existing orders of other models, people familiar with the matter said.
Faith in the Fed pushes Wall Street higher
Wall Street climbed on Monday, with Facebook, Apple and Amazon leading the way, as investors awaited a key Federal Reserve meeting that is expected to lay the groundwork for an interest rate cut later this year.
U.S. firms say China tariffs will raise costs, with few sourcing alternatives
A broad range of U.S. companies told a hearing in Washington on Monday that they have few alternatives other than China for producing clothing, electronics, and other consumer goods as the Trump administration prepares 25% tariffs on remaining U.S.-Chi…
