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.
Semiconductor companies, especially those that sell heavily to China, have faced major headwinds this year. But investors are betting on a big payoff in 2020.
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.
The Federal Reserve injected more cash into the U.S. banking system on Wednesday as the key interest rate pierced above the central bank's targeted range for the first time since the height of the global financial crisis over a decade ago.
DoubleLine Capital's Jeffrey Gundlach spoke to CNBC on Wednesday ahead of the Federal Reserve's decision on interest rates.
"LEAF and ASH is a startup company focusing on becoming Oklahoma’s premier cannabis real estate owner. Realizing the advantages of diversifying, we will purchase potential indoor and outdoor grow operations for hemp and cannabis on a very large scale that will be leased to licensed growers. There will also be designated leasable space for an [...]
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"We have a proven, hyper-lean framework for developing technology and launching startups called Vertical. It's uniquely suited for places like Tucson that don't have much by way of tech or funding resources. Or in other words, for places not like Silicon Valley, which is most of the rest of the world."
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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.
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.
Italy's new government expects the economy to expand by only about 0.4% next year after eking out 0.1% growth this year, three sources close to the matter told Reuters, underscoring the need for an expansionary 2020 budget.
General Motors Co plans to temporarily lay off 1,300 workers at its final assembly plant in Oshawa, Canada due to a slowdown at United States plants during the United Auto Workers strike, CNBC reported on Wednesday.
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.
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.
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.