The Fed Is Poised to Cut Rates Again. Here’s What to Watch.
WASHINGTON — Federal Reserve officials are expected to cut interest rates for a second time on Wednesday, a move that could prove divisive among Fed…
Sep 18, 2019 14:32 UTC Business Read More
Amazon launches pay-with-cash service in U.S. at Western Union locations; Western Union's stock surges
Amazon.com Inc. said Wednesday it is launching Amazon PayCode in the U.S., which allows customers to pay for online purchases in cash at Western Union…
Sep 18, 2019 13:26 UTC Business Read More
FedEx tumbles on weak 2020 outlook, brokers cut price targets
(Reuters) - Shares of FedEx Corp fell about 12% on Wednesday after the package delivery company slashed its 2020 profit outlook, blaming weaker…
Sep 18, 2019 13:05 UTC Business Read More
U.S. housing starts, building permits hit 12-year high
WASHINGTON (Reuters) - U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction increased,…
Sep 18, 2019 12:34 UTC Business Read More
Gold, silver prices weaker; Fed decision looms
Editor's Note: Get caught up in minutes with our speedy summary of today's must-read news stories and expert opinions that moved the precious metals and…
Sep 18, 2019 12:14 UTC Business Read More
Worried about a recession? Here's 5 ways small businesses can weather a downturn
Financial advisers and fund managers are bracing for the "October Effect" of declining stocks. Entrepreneurs should come up with a survival strategy.
Sep 18, 2019 11:59 UTC Business Read More
Congress threatens to subpoena Juul, saying vaping company isn't cooperating with probe
A House panel is threatening to subpoena Juul, saying the e-cigarette maker is not cooperating with a congressional probe looking at whether the company…
Sep 18, 2019 11:35 UTC Business Read More
WeWork CEO Adam Neumann told employees he's 'humbled' by the collapse of the firm's IPO
WeWork CEO Adam Neumann told employees he was 'humbled' by the collapse of its IPO this week. Hours after the shared-workspace provider delayed its…
Sep 18, 2019 09:25 UTC Business Read More
The Internet Cloud Has a Dirty Secret
Data centers consume huge amounts of power, and companies and governments must figure out how sustainable development and technological innovation…
Sep 18, 2019 09:23 UTC Business Read More
Vaping Illness: Questions And Answers About A Mysterious Outbreak : Shots Health News
Hundreds of people have been hospitalized with severe lung disease linked to vaping. Public health agencies are investigating what's behind the alarming…
Sep 18, 2019 08:59 UTC Business Read More
Bankers pushing AT&T to sell DirecTV to Dish Network: report
Bankers have been submitting proposals to AT&T to sell off its DirecTV unit, with Dish Network a potential suitor, Fox Business reported, without...
Sep 18, 2019 07:58 UTC Business Read More
Explainer: The Fed has a repo problem. What's that?
(Reuters) - As if the U.S. Federal Reserve didn't already have enough on its plate heading into its meeting on interest rates this week, chaos deep inside the…
Sep 18, 2019 05:06 UTC Business Read More
Huawei says it will invest $1.5 billion in its developer program
Huawei said Wednesday it will invest $1.5 billion in its developer program over the next five years, as it seeks to build a sturdy and open ecosystem as part of its…
Sep 18, 2019 04:56 UTC Business Read More
Europe's banks may be at risk of failing if negative rates continue: EIU
Large banking institutions face the risk of failure if interest rates in Europe continue to stay negative, an economist told CNBC after the European Central Bank…
Sep 18, 2019 02:30 UTC Business Read More
SpaceX wants to buy a Texas hamlet to make way for its Mars rockets
Residents in Boca Chica Village, where SpaceX has built a skunkworks to develop Mars rocket ships, received buyout offers from the company this week.
Sep 18, 2019 01:29 UTC Business Read More
Manhattan parents sue Juul for hooking their teen on nicotine
Two Manhattan parents filed a lawsuit on Tuesday claiming their teenage daughter was sickened by e-cigarette giant Juul because the company illegally…
Sep 18, 2019 01:02 UTC Business Read More
Pizza Hut’s Stuffed Cheez-It Pizza tests the limits of snack food fusion
There was great curiosity in Takeout land when we learned that Pizza Hut was planning to release a Stuffed Cheez-It pizza. Would the Cheez-Its be scattered…
Sep 18, 2019 00:57 UTC Business Read More
Explainer: Why Asia's biggest economies are backing hydrogen fuel cell cars
TOKYO (Reuters) - China, Japan and South Korea have set ambitious targets to put millions of hydrogen-powered vehicles on their roads by the end of the next…
Sep 17, 2019 23:55 UTC Business Read More
Fed Preps Second $75 Billion Blast With Repo Market Still On Edge
It had been more than a decade since Federal Reserve traders jumped into U.S. money markets to inject cash. And they seemed to get the reaction they wanted…
Sep 17, 2019 23:39 UTC Business Read More
Uber Now Knows If Your Ride Has Gone Wrong—By Tapping Your Smartphone’s Sensors
RideCheck, a new safety feature on Uber, uses sensors in drivers' and riders' smartphones to automatically detect a crashes and rides gone off course.
Sep 17, 2019 23:08 UTC Business Read More
WeWork Makes Small Round of Staff Cuts, Hours After Delaying IPO
Hours after announcing plans to delay an initial public offering, WeWork made a small round of job cuts in a New York City unit that manages on-demand office…
Sep 17, 2019 22:44 UTC Business Read More
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