The global economic outlook has grown darker than it was only a few months ago, but the United States is doing well enough that its central bank should go ahead with its first rate increase since the financial crisis
Wall Street looked set for a positive open Wednesday as the Federal Reserve kicks off a two-day meeting that could end with a rate hike.
Asian shares followed Wall Street higher on Wednesday, while short-term U.S. bond yields held near 4 1/2-year highs as investors braced for the possibility of the first interest rate hike in the United States in almost a decade.
Ride-hailing service Lyft is launching in Las Vegas, Nevada today.
Globally, Goldman Sachs Group Inc. estimates crude oil supply is outstripping demand by more almost 2 million barrels a day, putting increasing pressure on the world’s storage capacity.
The expected job cuts will result in a charge of about $2.7 billion, beginning in the fourth quarter, HP said in a statement on Tuesday.
Hewlett-Packard Co , which is splitting into two listed companies later this year, said it expects to cut another 25,000 to 30,000 jobs in its enterprise business as part of its efforts to save $2.7 billion in costs.
Fiat Chrysler Automobiles and the United Auto Workers union reached a tentative agreement for a new labor contract for the company's 40,000 unionized workers in the United States on Tuesday, the union and the company said.
(Bloomberg) -- AMC Networks Inc., the cable network operator that owns shows including “The Walking Dead,” is back in talks to acquire billionaire John Malone’s Starz, another TV programmer, according to people familiar with the matter.
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