Wall Street rose on Wednesday after the Federal Reserve signaled potential cuts later this year, reassuring investors worried that the U.S.-China trade war could stall economic growth.
The U.S. Federal Reserve on Wednesday signaled it could cut interest rates by as much as half a percentage point over the remainder of this year, as it responded to increased economic uncertainty and a drop in expected inflation.
The U.S. Federal Reserve held interest rates steady on Wednesday but signaled possible rate cuts of as much as half a percentage point over the remainder of this year, as it responded to increased economic uncertainty and a drop in expected inflation.
Oil futures were mostly steady on Wednesday as price support from a larger-than-expected decline in U.S. crude inventories was countered by a lull in equities.
Construction to expand the Trans Mountain oil pipeline could begin in September, assuming the next regulatory steps go smoothly, the project's chief executive said on Wednesday.
Airbus sealed deals with big name buyers for its latest passenger jet at the Paris Airshow on Wednesday, battling back from the potential loss of a major customer a day earlier when IAG placed a lifeline order for Boeing's grounded 737 MAX jet.
Airbus unveiled an aircraft deal with Taiwan's China Airlines on Wednesday, snatching the carrier's medium-haul fleet renewal from Boeing a day after its U.S. rival made a shock entry into the single-aisle fleet of British Airways owner IAG.
Brazilian planemaker Embraer landed the first major European customer for its newly certified E195-E2 passenger jet on Wednesday as Dutch KLM signed a letter of intent for 15 of the upgraded aircraft and options for another 20.
The top U.S. trade negotiator said on Wednesday he is ready to work with lawmakers "sooner rather than later" to address concerns over a new North American pact, even as a leading Democrat outlined roadblocks to the deal's approval.
Traders of U.S. short-term interest rate futures added to bets that the Federal Reserve will cut interest rates starting next month, after the central bank ended a two-day policy meeting with a pledge to "act as appropriate" to sustain economic health.
