Wall Street rally fizzles, U.S. dollar rises, after Fed rate hike
A rally in U.S. equities fizzled out late on Wednesday, while the U.S. dollar rose, after the Federal Reserve raised interest rates, as expected, and flagged the end of its “accommodative” monetary policy.
Amazon to open new retail store in New York City in latest brick-and-mortar push
Amazon.com Inc on Wednesday said it is opening a store in New York City that will sell products ranging from card games to skillets that are highly rated on its website, in the company’s latest push into brick-and-mortar retail.
Wall Street ends lower after late sell-off of gains
A Wall Street rally collapsed late on Wednesday as investors reduced their risk, following a widely expected interest rate hike by the U.S. Federal Reserve.
BlackRock’s Rieder differs from ‘consensus’ on future U.S. rates
Top BlackRock Inc bond investor Rick Rieder said on Wednesday the U.S. Federal Reserve will raise rates only twice “or so” in 2019, countering what he called an “excessive” expectation by investors.
GM’s Cadillac to leave Big Apple, return to Michigan roots
General Motors Co said on Wednesday that Cadillac will switch its headquarters back to Michigan from New York after just three years to be closer to engineers and design teams as the luxury brand plans to roll out two new vehicles annually through 202…
Tech companies back U.S. privacy law if it preempts California’s
Major technology companies and internet service providers told a U.S. Senate panel on Wednesday they support federal legislation to protect data privacy but want Congress to preempt tough new rules adopted by California.
Wall Street adds to gains, dollar higher, after Fed rate hike
Wall Street extended gains on Wednesday, while the dollar dipped but then recovered, after the U.S. Federal Reserve raised interest rates, as expected, and flagged the end of “accommodative” monetary policy.
Nike shares dip after forecast disappoints
Nike shares fell as much as 3 percent on Wednesday after the company disappointed Wall Street by not raising its full-year forecast following a sales boost from its Colin Kaepernick ad campaign.
Uber to pay $148 million to settle data breach cover-up with U.S. states
Uber Technologies Inc [UBER.UL] will pay $148 million for failing to disclose a massive data breach in 2016, marking a costly resolution to one of the biggest embarrassments and legal tangles the ride-hailing company has suffered.
Trump metals tariffs will cost Ford $1 billion in profits, CEO says
Steel and aluminum tariffs imposed by the Trump administration have cost Ford Motor Co about $1 billion in profits, its chief executive officer said on Wednesday, while Honda Motor Co said higher steel prices have brought “hundreds of millions of dol…
