Fed raises rates, opens door to pause in tightening cycle
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – The Federal Reserve moved its management of the post-pandemic economic recovery…
Business
Biden expected to nominate Jefferson as next Federal Reserve vice chair -sources
WASHINGTON (Reuters) -U.S. President Joe Biden is expected to nominate Federal Reserve Governor Philip Jefferson as the next vice chair,…
Marathon, APA profits beat on higher oil price, tighter supply
(Reuters) -U.S. shale oil producers Marathon Oil Corp and APA Corp on Wednesday topped Wall Street’s first-quarter profit estimates on…
Ford cuts prices of Mustang Mach-E after Tesla moves
By David Shepardson WASHINGTON (Reuters) -Ford Motor Co is cutting prices on its Mustang Mach-E electric vehicle and reopening orders,…
Wall Street ends down on nagging uncertainty about Fed rate path
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended lower on Wednesday, reversing gains after comments by Federal Reserve…
Qualcomm outlook grim as smartphone sales stay weak
By Chavi Mehta, Jane Lanhee Lee and Stephen Nellis (Reuters) -Qualcomm Inc on Wednesday forecast third-quarter revenue and profit below…
Carl Icahn’s empire loses $6 billion in a day after short seller report
By Niket Nishant and David French (Reuters) -Carl Icahn’s empire took another hit on Wednesday when his holding company’s shares…
PacWest explores strategic options amid stock price plunge -source
By Anirban Sen NEW YORK (Reuters) -PacWest Bancorp is exploring strategic options, including a potential sale or capital raise, after…
J&J’s Kenvue prices upsized IPO at upper end of range to raise $3.7 billion -sources
By Echo Wang NEW YORK (Reuters) -Johnson & Johnson on Wednesday priced the initial public offering (IPO) of its consumer-health…
New York adds 300 MW transmission line from Rainey to Corona
(Reuters) – A new 300-megawatt (MW) Con Edison Rainey-to-Corona transmission line, which can power 240,000 average-sized homes in New York…