Fed’s gradual rate hikes balance against risks: Powell
U.S. Federal Reserve Chair Jerome Powell said on Wednesday that while there was “a great deal to like” about U.S. prospects, the Fed’s gradual interest-rate hikes are meant to balance risks as it tries to keep the economy on track.
Instant View: Fed’s gradual rate hikes balance against risks – Powell
U.S. Federal Reserve Chair Jerome Powell said on Wednesday that while there was “a great deal to like” about U.S. prospects, the Fed’s gradual interest-rate hikes are meant to balance risks as it tries to keep the economy on track.
Fed’s Powell: Financial risks ‘moderate’ despite vulnerabilities
The U.S. faces only moderate financial risks despite elevated asset prices and concern over the possible impact of rising corporate debt, U.S. Fed chairman Jerome Powell said on Wednesday as the central bank released a broad overview of the health of c…
Wall Street higher after Powell says gradual rate hikes counter risks
U.S. stocks rose higher on Wednesday after Federal Reserve Chairman Jerome Powell said that the gradual interest-rate hikes are meant to balance risks as it tries to keep the economy on track.
Tiffany sales to Chinese tourists disappoint, shares fall sharply
Tiffany & Co on Wednesday reported quarterly sales that missed estimates as Chinese tourists spent less than expected at the jeweler’s stores in the United States and Hong Kong, a shortfall that sent the company’s shares down as much 13 percent.
Danske Bank charged over alleged violations of money laundering law
Denmark’s state prosecutor has filed preliminary charges against Danske Bank for alleged violations of the country’s anti-money laundering act in relation to its Estonian branch.
Stocks rise on U.S.-China trade hopes; investors eye Fed speech
Rising hopes that the United States and China could call a trade war ceasefire at the upcoming G20 summit boosted global stocks on Wednesday, but gains were held in check as investors looked ahead to a speech by Federal Reserve Chairman Jerome Powell.
Trump says studying new auto tariffs after GM restructuring
U.S. President Donald Trump on Wednesday said new auto tariffs are “being studied now,” asserting they could prevent job cuts such as the U.S. layoffs and plant closures that General Motors Co announced this week.
Wall Street gains on hopes of trade truce, Powell’s speech in focus
U.S. stocks gained on Wednesday on hopes of a trade truce between the United States and China at the upcoming G20 Summit, while investors looked forward to Fed Chairman Jerome Powell’s speech for clues on the path of interest rate hikes.
Exclusive: U.S. senators ask White House to probe ZTE work in Venezuela
Two U.S. senators on Wednesday asked the Trump administration to investigate whether Chinese telecommunications company ZTE Corp violated U.S. sanctions by helping Venezuela set up a database that monitors the behavior of its citizens.
