November 28, 2018

Fed’s Powell: Financial risks ‘moderate’ despite vulnerabilities

The U.S. faces only moderate financial risks despite elevated asset prices and concern over the possible impact of rising corporate debt, U.S. Fed chairman Jerome Powell […]
November 28, 2018

Wall Street higher after Powell says gradual rate hikes counter risks

U.S. stocks rose higher on Wednesday after Federal Reserve Chairman Jerome Powell said that the gradual interest-rate hikes are meant to balance risks as it tries […]
November 28, 2018

Tiffany sales to Chinese tourists disappoint, shares fall sharply

Tiffany & Co’s on Wednesday reported quarterly sales that missed estimates as Chinese tourists spent less than expected at the jeweler’s stores in the United States […]
November 28, 2018

Daimler to start making electric cars in China in 2019

Daimler will start building electric cars in China next year as a way to meet Beijing’s stringent anti-pollution quotas for carmakers, even as demand for conventional […]
November 28, 2018

Two U.S. pipelines rack up violations, threaten industry growth

Energy Transfer LP and its Sunoco pipeline subsidiary have racked up more than 800 state and federal permit violations while racing to build two of the […]
November 28, 2018

NBA strikes betting data deals with Sportradar, Genius Sports

The National Basketball Association (NBA) struck its first betting data partnerships, allowing Genius Sports and Sportradar AG to distribute data to licensed sports betting operators in […]
November 28, 2018

Tiffany sales miss as Chinese tourists spend less than anticipated

Tiffany & Co’s quarterly sales missed estimates as a slowing Chinese economy prompted Chinese tourists to spend less at the jeweler’s stores in the United States […]
November 28, 2018

Wall Street opens higher on trade truce hopes; Powell speech eyed

U.S. stocks opened higher on Wednesday on hopes of a trade truce between the United States and China at the G20 Summit, and as investors looked […]
November 28, 2018

Wall Street grows cautious but still optimistic: Reuters poll

Fears of a prolonged U.S.-China trade war and a potentially overzealous Federal Reserve have left Wall Street strategists less optimistic about stock market gains next year, […]
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