Fed likely to lift rates, possibly end ‘accommodative’ policy era
With the Federal Reserve widely expected to raise interest rates on Wednesday, financial markets are focused on whether signs of an acceleration in U.S. economic growth will prompt the central bank to ramp up the pace of monetary policy tightening.
Ford CEO says metals tariffs cost company $1 billion
Ford Motor Co Chief Executive Officer James Hackett said on Wednesday that metals tariffs are costing the carmaker $1 billion.
Health shares prop up Wall Street as banks dip ahead of expected rate hike
Health stocks helped Wall Street edge higher on Wednesday, although banks slipped ahead of a widely expected interest rate hike by the U.S. Federal Reserve.
UK faces permanent debate over financial rules after Brexit: lawmaker
Britain faces a permanent debate over whether to copy or diverge from European Union financial rules after Brexit, a top UK lawmaker said on Wednesday in comments likely to prolong uncertainty for banks.
Ford expands partnership talks with VW and Mahindra to cut costs
With its stock trading near a 6-year low late last month, Ford Motor Co CEO Jim Hackett gathered the automaker’s top 300 executives near its headquarters in Michigan for a global leadership meeting.
U.S. new home sales rebound in August, prior months revised lower
Sales of new U.S. single-family homes increased more than expected in August after two straight monthly declines, but the underlying trend still pointed to a weakening housing market amid rising mortgage rates and higher home prices.
Oil eases, but Iran sanctions keep prices well above $80 a barrel
Oil prices eased on Wednesday but were still heading for a fifth consecutive quarter of gains, driven by an impending drop in Iranian exports in the last three months of the year when global demand heats up.
Death of equity keeps stock market bull alive
Amid all the brickbats thrown at one of the longest bull markets in history, the remarkable buoyancy of world equity prices may simply be down to a shortage of shares.
Wall Street opens higher ahead of expected rate hike
U.S. stocks opened slightly higher on Wednesday ahead of a widely expected Federal Reserve interest rate hike, with investors focusing on the central bank’s steer on the pace of monetary tightening.
Nike slips as sales outlook dampens investor enthusiasm
Shares of Nike Inc fell 3 percent on Wednesday as the world’s largest sportswear maker stuck to its full-year forecast even after sales got a boost from a controversial ad campaign featuring former NFL player Colin Kaepernick.
