At IPO road show, Lyft executives look to lower insurance costs
Lyft Inc executives are focused on cutting insurance costs and will phase in self-driving vehicles on simple routes first, they said at a road show for investors ahead of the ride-hailing company’s initial public offering set for next week.
Fed sees no rate hikes in 2019, plans to slow balance sheet reduction
The Federal Reserve held interest rates steady on Wednesday and its policymakers abandoned projections for further rate hikes this year as the U.S. central bank flagged an expected slowdown in the economy.
Traders see nearly even chances on Fed rate cut in early 2020
U.S. interest rates traders on Wednesday piled on bets the Federal Reserve would cut borrowing costs in early 2020 after the central bank slashed its forecast for future rate hikes and said it would end reductions to its massive balance sheet in Septem…
S&P 500, Nasdaq reverse losses after Fed says no further hikes in 2019
The S&P 500 and the Nasdaq reversed earlier losses, gaining ground after the U.S. Federal Reserve concluded its two-day policy meeting by holding a key interest rate steady and affirming its dovish monetary policy stance.
U.S. jury hears more evidence as second phase of Roundup cancer trial begins
A lawyer for a man who sued Bayer AG unit Monsanto after developing cancer on Wednesday told a jury about the company’s alleged efforts to influence scientists and regulators, a day after the jury found Bayer’s glyphosate-based weed killer Roundup to h…
Volvo expects electric car margins to match conventional vehicles by 2025
Volvo Cars expects its margins on electric cars to match those of vehicles with combustion engines by 2025, the head of the Chinese-owned Swedish carmaker told Reuters.
Ethiopia to lead next stage of cockpit data analysis: source
Ethiopian investigators will lead the crucial next stage of cockpit data analysis from the Boeing 737 MAX that crashed outside Addis Ababa with U.S. and French support, a person familiar with the investigation said.
Wall Street drops on FedEx outlook, trade worries; all eyes on Fed
Wall Street’s main indexes slipped on Wednesday following a weak profit outlook from economic bellwether FedEx Corp and on trade concerns, while investors waited for more clarity regarding the Federal Reserve’s interest rate forecast.
U.S. top court jeopardizes Google settlement in internet privacy case
WASHINGTON – The U.S. Supreme Court on Wednesday put in jeopardy an $8.5 million settlement Google made with users to resolve a class action lawsuit accusing it of violating their privacy by sharing users’ search queries with other websites.
Google’s decade-long antitrust battle in Europe
Google was hit with a 1.49-billion-euro ($1.7 billion) fine on Wednesday, the third antitrust sanction from the European Union in two years after a record-breaking 4.34 billion euro penalty last year and a 2.4-billion-euro sanction in 2017 over its ant…
