July 10, 2019

Oil up $2 on U.S. crude stocks draw, Gulf of Mexico storm

Oil prices gained $2 a barrel on Wednesday after U.S. crude inventories shrank more than expected and as major producers evacuated rigs in the Gulf of […]
July 10, 2019

Wall St. hits record on Powell’s comments; S&P 500 crosses 3,000

The benchmark S&P 500 briefly crossed the 3,000 points mark for the first time on Wednesday after dovish remarks from Federal Reserve Chairman Jerome Powell bolstered […]
July 10, 2019

Fed’s Powell bolsters rate cut view on trade, global growth concerns

Federal Reserve Chairman Jerome Powell on Wednesday set the stage for the first U.S. interest rate cut in a decade later this month, pledging to ‘act […]
July 10, 2019

Fed’s Powell, in Trump’s crosshairs, gets backing from Congress

Federal Reserve Chairman Jerome Powell came to Capitol Hill on Wednesday with two goals: cementing the case for an interest rate cut at the end of […]
July 10, 2019

Major grain traders face one-two punch from U.S. floods, trade war

Severe U.S. weather likely dented earnings for large grain companies including Archer Daniels Midland Co and Bunge Ltd for a second straight quarter, adding to headwinds […]
July 10, 2019

Fed’s Powell says trade, global growth concerns continue to weigh on U.S. economy

Concerns about trade policy and a weak global economy “continue to weigh on the U.S. economic outlook” and the Federal Reserve stands ready to “act as […]
July 10, 2019

Instant view: Powell – Fed stands ready to act “as appropriate” to sustain expansion

Concerns about trade policy and a weak global economy “continue to weigh on the U.S. economic outlook” and the Federal Reserve stands ready to “act as […]
July 10, 2019

Toyota to build new SUV, rather than car at Alabama plant

Toyota Motor Corp said Wednesday it will build a new sport utility vehicle at a $1.6 billion joint venture assembly plant in Alabama rather than produce […]
July 10, 2019

Oil gains on U.S. inventory drawdown, Gulf of Mexico storm

Oil prices rose 2.5% on Wednesday after industry data showed U.S. inventories fell more than expected and as major U.S. producers evacuated rigs in the Gulf […]
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