September 18, 2019

Tesla takes on Porsche with battle on Germany’s toughest circuit

Tesla wants to steal Porsche’s bragging rights by testing its Model S on the northern loop of Germany’s Nuerburgring circuit, using a marketing tool that German […]
September 18, 2019

Microsoft approves $40 billion share repurchase program

Microsoft Corp said on Wednesday its board had approved a new share repurchase program of up to $40 billion and raised its quarterly dividend. Powered by […]
September 18, 2019

Fed cuts rates on 7-3 vote, gives mixed signals on next move

The U.S. Federal Reserve on Wednesday delivered a widely expected interest rate cut aimed at sustaining a record-long economic expansion, but gave few hints of whether […]
September 18, 2019

Fed cuts rates again, gives mixed signals for next move

The U.S. Federal Reserve cut interest rates by a quarter of a percentage point for the second time this year on Wednesday in a widely expected […]
September 18, 2019

Comcast gives away Xfinity Flex TV device, pounding shares of Roku

Comcast Corp said on Wednesday it will offer internet customers a free streaming media set top box that works with other services, stepping up competition with […]
September 18, 2019

GM to temporarily lay off 1,300 workers in Canada: CNBC

General Motors Co plans to temporarily lay off 1,300 workers at its final assembly plant in Oshawa, Canada due to a slowdown at United States plants […]
September 18, 2019

Fed does the ‘right thing’ in supporting repo market: JPMorgan’s Dimon

JPMorgan Chase & Co Chief Executive Jamie Dimon credited the U.S. Federal Reserve on Wednesday with doing the “right thing” in supporting the overnight funding needs […]
September 18, 2019

U.S. trade groups urge Congress to rein in ‘Tariff Man’ Trump

Nearly two dozen U.S. lobbying groups have joined forces to try to rein in U.S. President Donald Trump’s power to unilaterally impose tariffs amid growing concern […]
September 18, 2019

Fed’s job gets more complex as fed funds rate moves out of bounds

Stress in U.S. money markets loomed over a Federal Reserve policy meeting on Wednesday with new data showing that the central bank’s target interest rate had […]
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