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Fed Chair Powell: 'no reason' rising wages, job gains can't continue

Federal Reserve Chair Jerome Powell on Wednesday reiterated his confidence in the sustainability of the record-long U.S. economic expansion, now in its 11th year.



4 years ago

Boeing sees at least 2 years before 737 MAX output reaches pre-grounding target

Boeing Co Chief Financial Officer Greg Smith said on Wednesday it will take at least a couple of years before the 737 MAX airplane can be produced at the 57-unit monthly rate that Boeing had targeted before the jet was grounded last year.



4 years ago

BP boss Looney sets out to 'reinvent' oil giant with zero carbon goal

BP set one of the oil sector's most ambitious targets for curbing carbon emissions on Wednesday as new chief executive Bernard Looney began the biggest revamp in its 111-year history.



4 years ago

Goldman Sachs is lining up Prince Harry for its online interview series

Goldman began holding its "Talks at GS" a few years ago as an informal interview series for employees.

4 years ago

Shopify hits record high on better-than-expected 2020 sales forecast

Canadian e-commerce company Shopify Inc's full-year revenue forecast above analysts' estimates and better-than-expected quarterly earnings on higher holiday sales, pushed its shares to a record high on Wednesday.



4 years ago

Boeing sees airline profits hit, stagnant freight due to virus

Airlines are facing a fall in profits as the coronavirus crisis hits passenger demand and prolongs weakness in economically sensitive air freight, planemaker Boeing warned on Wednesday.



4 years ago

Oil rises 3% as demand worries ease amid fewer new coronavirus cases

Oil prices rose 3% on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand in the world's second-largest oil consumer may begin to recover.



4 years ago

Fed's Powell reinforces regulation and defends repo support in letter to Congress

U.S. central bank officials are considering options that would make it easier for banks to treat Treasury holdings similar to reserves when meeting liquidity requirements, Federal Reserve Chair Jerome Powell said this week in a letter to a top Senate Democrat.



4 years ago

Wells Fargo ends forced arbitration for sexual harassment claims

Wells Fargo & Co said on Wednesday that it will no longer require arbitration for employees in connection with any future sexual harassment claims effective immediately.



4 years ago

Organizers agonize over whether to scrap Mobile World Congress

Organizers of the Mobile World Congress (MWC) agonized on Wednesday over whether to cancel or press ahead with a smaller version of the event after major European telecom companies pulled out over the coronavirus outbreak.



4 years ago

Why people with student debt are refusing to repay it

People are going on strike against their student debt. Here's why.

4 years ago

Wall St hits fresh highs as new coronavirus cases drop

Wall Street's main indexes hit record highs on Wednesday on optimism that the coronavirus epidemic will be contained and as Bernie Sanders cemented his front-runner status in the race of the Democratic nomination.



4 years ago

Trump's budget could make it harder to stay on Social Security disability insurance

Though President Donald Trump has repeatedly vowed to protect Social Security benefits, his budget includes big cuts to parts of the program. One proposal could make it more difficult for individuals to keep receiving disability benefits.

4 years ago

How your ex can ruin your financial plans long after the divorce

Signing the divorce decree isn't enough to get your ex out of your life. Here's why your finances may feel the pain long after your spouse has packed up and left.

4 years ago

Mexico's America Movil to focus on bringing 5G to Latin America

America Movil, Mexico's largest telecommunications provider, shed light on its plans to roll out 5G technology in Latin America on Wednesday as the company's shares surged on a strong earnings report.



4 years ago