July 31, 2019

Fed cuts rates, signals it may not need to do more

The Federal Reserve cut interest rates on Wednesday to shore up the economy against risks including global weakness, but the head of the U.S. central bank […]
July 31, 2019

S&P 500 posts biggest drop since May after Fed cut, Powell comments

The Dow and S&P 500 suffered their biggest daily percentage drops since May 31 on Wednesday after the Federal Reserve cut interest rates for the first […]
July 31, 2019

Nordstrom family prepares proposal for major stake in retailer – WSJ

Shares of Nordstrom Inc rose 8% on Wednesday after the Wall Street Journal reported that members of the retailer’s founding family are in the early stages […]
July 31, 2019

Fitbit lowers 2019 revenue forecast, shares sink 16%

Wearable device maker Fitbit Inc forecast third-quarter revenue below analysts’ estimates and lowered its 2019 sales outlook as the company expects weak smartwatch sales and lower […]
July 31, 2019

U.S., China to keep talking on trade, progress elusive in Shanghai meeting

U.S. and Chinese negotiators wrapped up a round of trade talks on Wednesday without visible signs of progress and put off their next meeting until September, […]
July 31, 2019

Oil rises as U.S. crude stocks fall, market awaits U.S. Fed rate cut

Oil prices rose for a fifth day on Wednesday, supported by a larger-than-expected drop in U.S. inventories and investor expectations that the U.S. Federal Reserve will […]
July 31, 2019

Latest U.S.-China trade talks called ‘constructive’ by both sides

U.S. and Chinese negotiators wrapped up a brief round of trade talks on Wednesday that both sides described as “constructive,” including discussions over further Chinese purchases […]
July 31, 2019

Facebook defeats appeal in U.S. claiming it aided Hamas attacks

Facebook Inc on Wednesday defeated an appeal by American victims of Hamas attacks in Israel, who sought to hold the company liable for providing the group […]
July 31, 2019

BlackRock raises $2 billion for Global Credit Opportunities Fund

BlackRock Inc, the world’s largest asset management firm, said on Wednesday it had raised $2 billion for its flagship opportunistic credit fund, Global Credit Opportunities, reflecting […]
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