- Inside the Fed's balance sheet in four charts
The Federal Reserve will remain the top holder of U.S. Treasuries for the foreseeable future after the central bank said it would stop shrinking its $4 trillion balance sheet by the end of September.
- Trump says tariffs on Chinese goods may stay for 'substantial period'
U.S. President Donald Trump warned on Wednesday that the United States may leave tariffs on Chinese goods for a "substantial period" to ensure that Beijing complies with any trade agreement.
- U.S. fund Elliott battles the odds in latest showdown with Hyundai
The showdown between U.S. activist hedge fund Elliott Management and Hyundai Motor Group is set to come to a head on Friday when shareholders gather to vote on the fund's demands for a hefty special dividend and a board shake-up.
- Levi Strauss valued at $6.6 billion as IPO prices above target
Levi Strauss & Co fetched a higher price than expected in its initial public offering (IPO) on Wednesday, selling $623.3 million in shares as the U.S. jeans maker looks to return to the stock market after 34 years as a family-owned company.
- Fed sees no rate hikes in 2019, sets end to asset runoff
The U.S. Federal Reserve on Wednesday brought its three-year drive to tighten monetary policy to an abrupt end, abandoning projections for any interest rate hikes this year amid signs of an economic slowdown, and saying it would halt the steady decline of its balance sheet in September.
- Boeing, FAA officials called to testify in U.S. Senate on 737 MAX plane crashes
Boeing Co faced growing pressure in Washington on Wednesday with U.S. lawmakers calling for executives to testify about two crashed 737 MAX jets even as the world's biggest planemaker works to overcome obstacles to returning the grounded fleet to the skies.
- U.S. Senate panel to first grill FAA, then Boeing after fatal crashes
A U.S. Senate panel plans a hearing on March 27 on aviation safety after two fatal Boeing 737 MAX 8 aircraft crashes since October, and said it will also schedule a future hearing with Boeing and other manufacturers, officials said on Wednesday.
- With 737 MAX grounded, airlines face daily scheduling challenges
U.S. and Canadian airlines that fly the roughly 175-seat aircraft face a logistical challenge: which flights to cancel and which to cover with other planes following the global grounding of Boeing Co's 737 MAX jets.
- Ethiopia to lead next stage of cockpit data analysis
Ethiopian investigators will lead the next stage of cockpit data analysis from the Boeing 737 MAX that crashed outside Addis Ababa with U.S. and French support, a person familiar with the investigation said.
- Fed announces plan to end balance sheet runoff in September
The Federal Reserve on Wednesday unveiled a long-awaited plan to stop scaling back the vast portfolio of bonds it built up to spur an economic recovery from the 2007-2009 financial crisis and recession.
- Banks stifle Wall Street rally following dovish Fed statement
The S&P 500 and the Dow ended lower on Wednesday as interest rate-sensitive financial stocks dragged down the indexes after the U.S. Federal Reserve affirmed a dovish monetary policy stance.
- Lyft's IPO oversubscribed on road show's second day: sources
(This March 19 story corrects paragraph 15 to remove reference to Stripe planning an IPO)
- Jury finding upends Bayer's Roundup defense strategy: experts
Bayer AG had hoped a new trial strategy focusing jurors on scientific evidence could stem a burgeoning tide of U.S. lawsuits over its glyphosate-based weed killer Roundup, but a second jury finding on Tuesday that the product caused cancer has narrowed the company's options, some legal experts said.
- Ford adds production of electric vehicles at second North American site
Ford Motor Co said on Wednesday it is adding production of a fully electric vehicle at a second North American plant as part of its $11 billion investment plan set last year.
- World shares dip in wobbly session; pound slides, oil jumps
A gauge of stocks across the world fell on Wednesday as a boost from a dovish Federal Reserve was not enough to offset concerns over economic growth and U.S.-China trade talks.
- Boeing wins $4 billion U.S. defense contract for Navy F/A-18 jets: Pentagon
Boeing Co was awarded a $4 billion contract for advance purchase of materials to produce 78 F/A 18 aircraft for the U.S. Navy, the Pentagon said on Wednesday. Work is expected to be completed in April 2024, it said.
- U.S. FAA says Boeing to develop service bulletin on 737 MAX, calls it 'agency priority'
The Federal Aviation Administration said on Wednesday that Boeing Co is developing a service bulletin instructing airlines to install new flight control computer operational program software in the now grounded Boeing 737 MAX.
- U.S. jury hears more evidence as second phase of Roundup cancer trial begins
A lawyer for a man who sued Bayer AG unit Monsanto after developing cancer on Wednesday told a jury about the company's alleged efforts to influence scientists and regulators, a day after the jury found Bayer's glyphosate-based weed killer Roundup to have caused the man's disease.
- Factbox: What we know about Boeing 737 MAX crash and what comes next
More than 300 Boeing 737 MAX 8 and MAX 9 passenger jets have been grounded worldwide after two fatal crashes in the past five months in Ethiopia and Indonesia killed nearly 350 people.
- Youngest captain, loving son: Ethiopian pilots honored in death
The dreams of the two young men soared as high as the Ethiopian Airlines planes they proudly flew.