Oil edges lower ahead of OPEC meeting
Oil prices dipped on Wednesday ahead of a meeting of the world’s biggest exporters, who will discuss cutting output to help shore up prices and curb excess supply.
GM CEO meets Senator Schumer, other U.S. lawmakers on Capitol Hill
General Motors Co Chief Executive Mary Barra arrived on Capitol Hill on Wednesday for two days of meetings with lawmakers who are angry over the Detroit automaker’s decision to close five North American assembly plants and cut nearly 15,000 jobs.
Stocks battered by Wall Street, fears of U.S. slowdown
Global stocks fell on Wednesday, plagued by a flattening yield curve that sparked concerns about an economic slowdown in the United States and weakening expectations of a lasting U.S.-China trade truce, while the dollar steadied.
Citi CFO forecasts lower markets revenue for fourth quarter
Citigroup Inc Chief Financial Officer John Gerspach said the bank expects market revenue in the current quarter to be slightly lower than last year.
Tariff effects broaden across U.S., wage growth higher: Fed
Tariff-driven price increases have spread more broadly through the U.S. economy, though on balance inflation has risen at a modest pace in most parts of the country, the Federal Reserve said on Wednesday in its latest report on the economy.
World’s biggest oil traders paid bribes in Brazil scandal -prosecutors
Leading global oil traders Vitol [VITOLV.UL], Trafigura [TRAFGF.UL] and Glencore paid more than $30 million in bribes to employees at state-owned Brazilian company Petrobras in a scheme that may still be going on, prosecutors said on Wednesday.
New Yorkers overwhelmingly support Amazon campus in Queens: poll
New Yorkers by a wide margin approve of plans for Amazon.com Inc to build a massive new campus in the city, although they are divided over terms of a multibillion-dollar incentive package used to lure the largest U.S. online retailer, according to pol…
Saudi energy minister meets U.S. Iran envoy in Vienna, Tehran irate
Saudi Energy Minister Khalid al-Falih met U.S. special representative for Iran Brian Hook in Vienna on Wednesday, sources familiar with the meeting said.
Bloomberg could sell his company if he runs for President: Business Insider
Billionaire Michael Bloomberg said he was likely to sell his financial data and news company Bloomberg LP if he runs for president, Business Insider reported, citing an interview he gave to a local radio station.
Wells Fargo firing around three dozen district managers: WSJ
Wells Fargo & Co is firing around three dozen district managers for oversight failures related to a sales scandal that came to light in its retail banking unit in 2016, the Wall Street Journal reported on Wednesday.
