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Fed makes small changes to control policy rate, hints at more to come

Reuters News - 50 min 9 sec ago
The Federal Reserve on Wednesday made only minor changes to help it better manage its benchmark interest rate after the U.S. central bank briefly lost control of it earlier in the week.
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Pompeo says U.S. supports Saudi Arabia's right to defend itself: tweet

Reuters News - 52 min 37 sec ago
U.S. Secretary of State Mike Pompeo said the United States supports Saudi Arabia's "right to defend itself" and said Iran's behavior would "not be tolerated" in a meeting with Crown Prince Mohammed bin Salman, according to a statement on his official Twitter account on Thursday.
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Purdue Pharma seeks to halt opioid suits against company, Sacklers

Reuters News - 1 hour 17 sec ago
OxyContin maker Purdue Pharma LP on Wednesday asked a U.S. bankruptcy judge to halt for roughly nine months more than 2,600 lawsuits alleging the company and its controlling Sackler family helped fuel the U.S. opioid crisis, according to court documents.
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U.S. House committee reaches deal for testimony by Trump Afghan envoy

Reuters News - 1 hour 7 min ago
U.S. President Donald Trump's top negotiator for Afghanistan will hold a briefing for the House of Representatives Foreign Affairs Committee, the panel said on Wednesday, after the committee subpoenaed him in frustration at his refusal to meet with its members.
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Trump says the Fed should have acted faster but today’s action is fine

Reuters News - 1 hour 27 min ago
President Donald Trump said the Federal Reserve's decision on Wednesday to lower interest rates was "fine" but the central bank should have acted sooner.
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Greta Thunberg to U.S. Congress on climate change: 'Wake up'

Reuters News - 1 hour 42 min ago
Swedish teenager Greta Thunberg, who has inspired a global movement for climate change, delivered a strong message to U.S. lawmakers on Wednesday: "Wake up."
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Huawei promises smartest 5G phone, but who will be brave enough to buy?

Reuters News - 2 hours 17 min ago
Huawei [HWT.UL] launches what could be the world's most powerful and feature-packed 5G smartphone on Thursday, but the fate of the device in Europe will hang on whether it can overcome a U.S. ban to give customers the Google software they expect.
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Trump capping California fundraising swing with visit to border wall

Reuters News - 2 hours 28 min ago
President Donald Trump will visit a section of wall along the U.S. border with Mexico on Wednesday in a bid to illustrate his commitment to crack down on illegal border crossings as he raises money in California for his re-election campaign.
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DUP leader meets Irish PM in Dublin to discuss backstop

Reuters News - 2 hours 30 min ago
The leader of the Northern Ireland party whose support is crucial to Prime Minister Boris Johnson's government met with the Irish prime minister Leo Varadkar in Dublin on Wednesday evening, national broadcaster RTE reported.
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California governor signs gig economy labor bill into law

Reuters News - 2 hours 39 min ago
California Governor Gavin Newsom on Wednesday signed into law a controversial labor bill, AB 5, which spells out when companies must treat "gig economy" contract workers as employees.
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Trump says there are many options short of war with Iran after attacks on Saudis

Reuters News - 2 hours 42 min ago
U.S. President Donald Trump said on Wednesday there were many options short of war with Iran after U.S. ally Saudi Arabia displayed remnants of drones and missiles it said were used in a crippling attack on its oil sites that was "unquestionably sponsored" by Tehran.
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Parts shortage leads GM to lay off 1,200 temporarily in Canada

Reuters News - 2 hours 47 min ago
The strike against General Motors Co's U.S. operations has led to a parts shortage, the automaker said on Wednesday, and as a result it announced the temporary lay-offs of 1,200 workers at its Oshawa assembly plant in Canada.
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Fed cuts interest rates, signals holding pattern for now

Reuters News - 2 hours 54 min ago
The U.S. Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion but signaled a higher bar to further reductions in borrowing costs, eliciting a fast and sharp rebuke from President Donald Trump.
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Powell to Trump: Now it's your turn

Reuters News - 2 hours 54 min ago
Tucked into Fed Chair Jerome Powell's news conference on Wednesday was a not-so-subtle message for President Donald Trump: the economy is holding up because the U.S. central bank has acted to support it through a volatile patch, and whether that continues is now in the president's lap.
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S&P 500 ends slightly higher after Fed gives mixed signals

Reuters News - 3 hours 45 min ago
The S&P 500 ended marginally higher on Wednesday after Federal Reserve policymakers cut interest rates by a quarter of a percentage point, as expected, but gave mixed signals about their next move.
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Stocks reverse losses, Treasury yields dip following remarks by Fed's Powell

Reuters News - 3 hours 51 min ago
The S&P 500 and the Dow reversed losses to close higher on Wednesday and U.S. Treasury yields slipped after remarks by Federal Reserve Chair Jerome Powell tempered the market's initial reaction to the U.S. central bank's policy statement.
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Northern Ireland's DUP sees Brexit deal if both sides 'flexible'

Reuters News - 3 hours 55 min ago
The Northern Ireland party whose support is crucial to Prime Minister Boris Johnson's government said on Wednesday it believed a deal could be secured for an orderly British exit from the European Union if flexibility is shown by all sides.
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Democrats seek details on U.S. military use of Trump resort hotel

Reuters News - 4 hours 11 min ago
Documents from the Pentagon show that "far more taxpayer funds" were spent by the U.S. military on overnight stays at a Trump resort in Scotland than previously known, two Democratic lawmakers said on Wednesday, as they demanded more evidence from the Defense Department as part of their investigation.
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Fed cuts rates again, gives mixed signals for next move

Reuters News - 4 hours 38 min ago
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 move meant to sustain a decade-long economic expansion, but gave mixed signals about what may happen next.
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Stocks fall, Treasury yield curve flattens after Fed cuts rates but sends mixed signals

Reuters News - 4 hours 52 min ago
U.S. stocks extended their losses and the U.S. Treasury yield curve flattened on Wednesday, after the U.S. Federal Reserve cut interest rates, as expected, but gave mixed signals regarding future rate moves.
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