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Updated: 1 hour 40 min ago

U.S. housing starts, building permits scale 12-year high

Wed, 09/18/2019 - 19:33
U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction accelerated, suggesting that lower mortgage rates were finally providing a boost to the struggling housing market.
Categories: Financial Media

GM to temporarily lay off 1,200 workers in Canada

Wed, 09/18/2019 - 19:26
General Motors Co said on Wednesday it plans to temporarily lay off about 1,200 workers at its Oshawa assembly plant in Canada, which makes the Chevy Silverado and GMC Sierra pickup trucks.
Categories: Financial Media

Fed cuts rates on 7-3 vote, gives mixed signals on next move

Wed, 09/18/2019 - 19:24
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.
Categories: Financial Media

Instant view: Fed cuts rates again, gives mixed signals for next move

Wed, 09/18/2019 - 19:24
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.
Categories: Financial Media

Fed makes small changes in bid to better control policy rate

Wed, 09/18/2019 - 19:22
The Federal Reserve on Wednesday tweaked two key rates used to manage its main policy lever after turmoil this week in funding markets briefly pushed the overnight bank-to-bank lending rates above the U.S. central bank's target range.
Categories: Financial Media

FOMC statement from Sept 17-18 meeting

Wed, 09/18/2019 - 19:19
Following is the full text of the statement released by the Federal Reserve's Federal Open Market Committee on Wednesday following a two-day meeting:
Categories: Financial Media

Five ways the Fed's rate cut could affect consumers

Wed, 09/18/2019 - 19:13
The Federal Reserve's decision to cut interest rates on Wednesday for the second time this year could have wide-ranging implications for consumers' wallets.
Categories: Financial Media

Wall Street extends losses following Fed announcement

Wed, 09/18/2019 - 19:13
U.S. stocks extended losses on Wednesday after the Federal Reserve cut interest rates by a quarter of a percentage point in a widely expected move, but gave mixed signals about what may happen next.
Categories: Financial Media

UTC technology chief Paul Eremenko steps down

Wed, 09/18/2019 - 18:56
The chief technology officer of United Technologies Corp , Paul Eremenko, has stepped down, just under two years after moving to the U.S. conglomerate from Europe's Airbus .
Categories: Financial Media

Fed does the 'right thing' in supporting repo market: JPMorgan's Dimon

Wed, 09/18/2019 - 18:39
JPMorgan Chase & Co Chief Executive Jamie Dimon credited the U.S. Federal Reserve on Wednesday with doing the "right thing" in supporting the overnight funding needs of banks after borrowing costs suddenly spiked on Monday.
Categories: Financial Media

U.S. trade groups urge Congress to rein in 'Tariff Man' Trump

Wed, 09/18/2019 - 18:31
Nearly two dozen U.S. lobbying groups have joined forces to try to rein in U.S. President Donald Trump's power to unilaterally impose tariffs amid growing concern about the negative economic impact of his trade policies.
Categories: Financial Media

Fed pumps more cash as key rate breaks above target

Wed, 09/18/2019 - 18:30
The Federal Reserve injected another $75 billion into a U.S. banking system on Wednesday, restoring a measure of order after a bout of extreme volatility inside the bank funding market drove the central bank's benchmark interest rate above its targeted range for the first time since the financial crisis.
Categories: Financial Media

Banker tells German court of 'vast network' at center of fraud trial

Wed, 09/18/2019 - 18:18
A banker at the center of a trading scheme German prosecutors say resulted in hundreds of millions of euros of illegitimate tax rebates told a court the scheme had taken on an "industrial scale" involving a network of banks and other institutions.
Categories: Financial Media

German prosecutors probe Airbus for potential misuse of client documents

Wed, 09/18/2019 - 18:03
Munich prosecutors said on Wednesday they had launched a probe against Airbus after the company notified the authorities about potential irregularities involving customer documents.
Categories: Financial Media

German carbon pricing plan may cost DAX companies billions: report

Wed, 09/18/2019 - 17:21
Germany's blue-chip companies could face billions of euros in costs to cut carbon emissions under a climate protection plan due to be unveiled by the government on Friday, according to a study by asset manager Union Investment.
Categories: Financial Media

Exclusive: London Metal Exchange to delay ban on tainted metal until 2025 - sources

Wed, 09/18/2019 - 17:17
The London Metal Exchange (LME) will postpone plans to ban metal tainted by human rights abuses until 2025, giving producers three more years to comply with guidelines and the exchange time to rethink its approach, industry sources said.
Categories: Financial Media

Stocks edge lower with Fed decision on tap; oil slips

Wed, 09/18/2019 - 16:29
Stocks around the world edged lower on Wednesday and the U.S. dollar crept up as investors waited for the U.S. Federal Reserve's decision on interest rates later in the day.
Categories: Financial Media

U.S. housing starts, building permits hit 12-year high

Wed, 09/18/2019 - 16:09
U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction increased, suggesting that lower mortgage rates were finally providing a boost to the struggling housing market.
Categories: Financial Media

Atlanta Fed model estimate for U.S. third-quarter GDP edges up to 1.9%

Wed, 09/18/2019 - 16:08
The U.S. economy is likely growing at a 1.9% annualized rate in the third quarter, based on the latest data on industrial output and housing starts, the Atlanta Federal Reserve's GDPNow forecast model showed on Wednesday.
Categories: Financial Media

Airbus revises up jet demand, warns of 'lose-lose' tariff war

Wed, 09/18/2019 - 16:00
Airbus raised its 20-year forecast for jetliner demand on Wednesday despite expected slower growth in traffic, as it predicts airlines will replace aging fleets with smaller, more fuel-efficient new planes.
Categories: Financial Media

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