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8 months 1 week ago

Canada at odds with U.S. changes to text of trade deal: source

Canada is pushing back against U.S. attempts to change the text of their September trade pact and the issue may have to be referred to ministers to settle, a Canadian source with direct knowledge of the matter said on Thursday.

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8 months 1 week ago

S&P 500 widens losses, as Fed holds rates steady

The S&P 500 extended its losses slightly and the Dow turned negative on Thursday afternoon, after the U.S. Federal Reserve said it was keeping interest rates steady in a statement following its two-day meeting.

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8 months 1 week ago

VW plans to sell electric Tesla rival for less than $23,000: source

Volkswagen intends to sell electric cars for less than 20,000 euros ($22,836) and protect German jobs by converting three factories to make Tesla rivals, a source familiar with the plans said.

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8 months 1 week ago

Traders keep bets on U.S. Fed's 2019 interest rate rises

Traders of U.S. short-term interest-rate futures on Wednesday stuck with bets the Federal Reserve will raise rates once more this year and twice next year after the U.S. central bank ended a two-day meeting, as expected, with no change to interest rates.

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8 months 1 week ago

Fed holds rates steady, says economy remains on track

The U.S. Federal Reserve held interest rates steady on Thursday and said ongoing strong job gains and household spending had kept the economy on track.

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8 months 1 week ago

Coca-Cola proposes energy drinks in clash with Monster Beverage

Coca-Cola Co is planning to launch a range of energy drinks for the first time on its own brand name as it intensifies efforts to break away from its traditional fizzy sodas and shift to health-focused trends.

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8 months 1 week ago

Wells Fargo to combine private bank with ultra-rich client business

Wells Fargo & Co said on Thursday it is restructuring its wealth and investment management business to combine its two high-net worth operations, the private bank and Abbot Downing, under a new unit leader who it has not yet named.

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8 months 1 week ago

Volkswagen plans to sell electric Tesla rival for less than $23,000: source

Volkswagen intends to sell electric cars for less than 20,000 euros ($22,836) and protect German jobs by converting three factories to make the Tesla rival, a source familiar with the plans said.

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8 months 1 week ago

Tesla taps director Denholm as chair after Musk rows

Tesla Inc director Robyn Denholm, a telecoms executive who has worked for Toyota, has been promoted to chairwoman of the electric car company and tasked with regulating billionaire Elon Musk's regime after months of turbulence.

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8 months 1 week ago

S&P 500 edges lower ahead of Fed decision

The S&P 500 inched lower on Thursday, as disappointing results from a slew of companies, including Qualcomm Inc, countered gains in bank stocks ahead of the Federal Reserve's interest rate decision.

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