New York's new Attorney General Letitia James and Governor Andrew Cuomo on Wednesday announced an investigation into Apple Inc's failure to warn consumers about a FaceTime bug that lets iPhones users listen to conversations of others who have not yet accepted a video call.
The Federal Reserve held interest rates steady on Wednesday but said it would be patient in lifting borrowing costs further this year as it pointed to rising uncertainty about the U.S. economic outlook.
The Federal Reserve held interest rates steady on Wednesday but said it would be patient in lifting borrowing costs further this year as it pointed to rising uncertainty about the U.S. economic outlook.
Oil prices rose on Wednesday, as U.S. government data that showed signs of tightening supply and investors remained concerned about supply disruptions following U.S. sanctions on Venezuela's oil industry.
Foxconn Technology Group is reconsidering plans to make advanced liquid crystal display panels at a $10 billion Wisconsin campus, and said it intends to hire mostly engineers and researchers rather than the manufacturing workforce the project originally promised.
The Office of the Governor of Wisconsin said Wednesday it is evaluating changes in Foxconn Technology Group's project in the state after Reuters exclusively reported the Taiwanese company is reconsidering building a liquid crystal display panel factory there.
The dollar slid and equities surged on Wednesday, fueled at first by Boeing and Apple's results and later by the Federal Reserve pledging to be patient with future interest rate hikes, a change in tone stock investors interpreted as a buy signal.
U.S. stocks surged on Wednesday after the Federal Reserve said it would be patient in lifting borrowing costs further this year, reassuring investors worried about a slowing economy.
JPMorgan Chase Chief Executive Officer Jamie Dimon, who leads one of Wall Street's biggest banks, said on Wednesday that the ultra-rich could afford to pay more taxes as a wider political debate rages over increasing taxes for the wealthy.
U.S. private payrolls increased solidly in January, pointing to sustained labor market strength despite a recent easing in consumer and business confidence that has suggested a loss of momentum in the economy.
