Wall Street extends gains as trade talks progress
Wall Street extended its gains on Wednesday as investor optimism was stoked over hopes that the United States and China could iron out a trade deal, and tame inflation data suggested the Fed would hold interest rates steady in the near term.
U.S. posts another budget deficit as tax revenues sag
The U.S. federal government ran a $14 billion budget deficit in December as revenues sagged following last year’s tax cuts even as the economy appeared strong, Treasury Department data showed on Wednesday.
USDA official hopes year-round E15 gas approved soon, but sees fallback
The U.S. Department of Agriculture’s deputy secretary said on Wednesday he is “hopeful” the administration will complete its rule allowing year-round sales of a higher ethanol blend of gasoline by summer, but the government should use “discretionary en…
Cities shunned by Amazon revive hopes for HQ given New York opposition
Cities that were shunned in Amazon.com Inc’s search for a secondary corporate headquarters are revisiting their bids in case one of the actual winners, New York City, rejects the corporate giant due to opposition from local politicians.
Hilton’s better-than-feared forecast drives shares higher amid trade worries
Hilton Worldwide Holdings Inc on Wednesday provided a better-than-feared outlook for its key U.S. and China markets amid concerns around slowing global economic growth and trade wars, sending its shares up 7 percent.
Pence praises Poland’s actions on Huawei as U.S. pressure mounts
U.S. Vice President Mike Pence praised Poland on Wednesday for its commitment to “protecting the telecoms sector from China”, as part of a concerted push by the United States to convince its allies to exclude tech giant Huawei from telecoms projects.
Optimism over U.S.-China trade deal lifts equity markets
Hopes for a resolution in a prolonged trade spat between the United States and China helped extend a week-long rally in world stock markets on Wednesday, and bond yields also climbed.
Google to spend over $13 billion on U.S. data centers, offices
Alphabet Inc’s Google said on Wednesday it would spend more than $13 billion on data centers and offices in the United States this year.
U.S. military intervention in Venezuela ‘not an option’: lawmaker
Congress will not support U.S. military intervention in Venezuela despite hints by President Donald Trump that such action had not been ruled out, the Democratic chairman of the House Foreign Affairs Committee said on Wednesday.
Shares of Slim’s America Movil hammered after disappointing year
Shares in Mexican billionaire Carlos Slim’s America Movil tumbled more than 5 percent a day after it reported slightly better than expected fourth quarter profit that did not impress investors disappointed by weak results all year.
