June 19, 2019

What changed for the Fed in seven weeks? Trade risks top the list

On May 1, the Federal Reserve viewed the American economy as having a solid footing and risks to the outlook were muted. Powered by WPeMatico
June 19, 2019

Factbox: What is Slack?

Slack Technologies Inc, whose instant messaging app has taken workplaces by storm, is scheduled to go public via a direct listing on June 20, instead of […]
June 19, 2019

Slack reference price for direct listing set at $26/share

The New York Stock Exchange on Wednesday set the reference price for Slack Technologies Inc’s direct listing at $26 per share. Powered by WPeMatico
June 19, 2019

U.S. bond market’s inflation gauges rise as Fed hints at rate cuts

The U.S. bond market’s gauges of investors’ inflation views climbed on Wednesday as the Federal Reserve signaled it may lower interest rates later this year to […]
June 19, 2019

Oracle quarterly profit beats estimates; shares rise

Oracle Corp beat fourth-quarter revenue and profit estimates on Wednesday, as the business software maker benefited from demand for its on-premise IT, cloud services and license […]
June 19, 2019

Global stocks gain, dollar weakens after Fed signals possible rate cuts

A gauge of global stock markets strengthened on Wednesday, bolstered by gains on Wall Street, and benchmark U.S. Treasury yields and the dollar dropped after the […]
June 19, 2019

Stocks approach record as Fed soothes Wall Street’s fears

The S&P 500 approached a record high on Wednesday after the Federal Reserve signaled potential interest cuts later this year, reassuring investors worried that the U.S.-China […]
June 19, 2019

PG&E completes safety inspection of distribution infrastructure

Electric utility PG&E Corp said on Wednesday it has completed visual inspections of about 99% of its distribution infrastructure to provide additional precautionary measures intended to […]
June 19, 2019

Fed sees case for interest rate cuts this year building

The U.S. Federal Reserve on Wednesday signaled it could cut interest rates by as much as half a percentage point over the remainder of this year […]
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