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Stocks boosted by U.S.-China trade hope, oil prices soar

Stocks around the world extended recent gains and oil prices jumped on Wednesday on optimism the United States and China may be inching toward a trade deal, soothing fears of an all-out trade war and its possible impact on global growth.


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Posted 2019/01/09 21:43:43

Wall Street extends rally as chipmakers rebound

Wall Street rallied for a fourth session on Wednesday, propelled by Apple, chipmakers and other trade-sensitive stocks after signs of progress in trade talks between the United States and China.


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Posted 2019/01/09 21:42:57

Former Insys CEO pleads guilty to opioid kickback scheme

The former chief executive of Insys Therapeutics Inc pleaded guilty on Wednesday to participating in a nationwide scheme to bribe doctors to prescribe an addictive opioid medication and has agreed to become a government witness.


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Posted 2019/01/09 21:36:02

Fed policymakers say U.S. rate hikes can wait, for now

U.S. Federal Reserve policymakers say they will wait to deliver more interest rate hikes until they have a better handle on whether slowing global growth and financial market volatility will undercut an otherwise solid U.S. economic outlook.


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Posted 2019/01/09 21:19:06

Traders keep bets against further Fed rate hikes

U.S. short-term interest-rate futures rose slightly on Wednesday just after minutes from the Federal Reserve's most recent meeting showed policymakers want to be patient about further rate hikes.


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Posted 2019/01/09 21:19:06

Trump to halt U.S. relief funds for California wildfires

U.S. President Donald Trump said on Wednesday he has ordered a halt to federal disaster relief for California's wildfires unless state officials involved in forest management "get their act together."


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Posted 2019/01/09 20:58:29

Rosenstein, overseeing U.S. Russia probe, set to depart post

Rod Rosenstein, the Justice Department official who oversees the probe into Russia's role in the 2016 U.S. election and has faced frequent criticism from President Donald Trump, is preparing to leave his job soon after Trump's attorney general nominee takes office, a department official said on Wednesday.


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Posted 2019/01/09 20:52:20

Trump walked out of shutdown meeting with Democratic lawmakers: Schumer

U.S. President Donald Trump walked out of a meeting with Democratic lawmakers after they told him they would not fund his proposed wall along the U.S. southern border, Senate Democratic leader Chuck Schumer said on Wednesday.


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Posted 2019/01/09 20:45:49

Trump advisers would recommend he veto four spending bills over border security: statement

U.S. President Donald Trump's advisers would recommend he use a veto if he is presented with four spending bills while there is no agreement on border security, the White House Office of Management and Budget said on Wednesday.


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Posted 2019/01/09 20:34:33

Amazon CEO Jeff Bezos and wife MacKenzie to divorce

Amazon.com Inc founder and Chief Executive Jeff Bezos, the world's richest man, and wife MacKenzie Bezos are divorcing after 25 years of marriage, the couple said on Twitter on Wednesday.


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Posted 2019/01/09 20:06:43

Iran says U.S. citizen White arrested, confirming earlier reports

Iran confirmed on Wednesday it had arrested an American, confirming U.S. media reports about a case that risks further worsening relations with Washington.


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Posted 2019/01/09 19:18:33

Trump nominates acting EPA head, an ex-coal lobbyist, to run agency

U.S. President Donald Trump on Wednesday nominated acting EPA chief Andrew Wheeler to run the agency permanently, the White House said, placing a former energy lobbyist at the helm of the nation's top environmental regulator.


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Posted 2019/01/09 19:12:50

VW, Ford to reveal deeper alliance next week: sources

Volkswagen AG and Ford Motor Co will unveil a deeper alliance next week that goes beyond cooperating in commercial vehicles in a move meant to save the automakers billions of dollars as they develop new technologies, two people familiar with the plan said on Wednesday.


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Posted 2019/01/09 19:09:04

Fed may still need to hike rates twice this year: Rosengren

A top Federal Reserve official said on Wednesday the U.S. central bank may still need to raise interest rates a couple times this year, although he said he could not rule out the possibility that the Fed might actually have to ease policy.


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Posted 2019/01/09 19:04:31

Amazon CEO Jeff Bezos and wife MacKenzie to divorce

Amazon.com Inc founder Jeff Bezos, the world's richest man, and wife MacKenzie Bezos are divorcing after 25 years of marriage, the couple said in a joint statement on Twitter on Wednesday.


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Posted 2019/01/09 17:04:05

Wall Street aims for fourth day of gains on trade hopes

U.S. stocks rose modestly on Wednesday, angling for a fourth day of gains led by technology and other trade-sensitive sectors following signs of progress in trade talks between the United States and China. Hopes of a deal between the world's two largest economies that could avert an escalation of ongoing trade tensions, plus strong data on the U.S. job market and indications the Federal Reserve now appears to be in no rush to lift interest rates further, have helped lift the S&P 5


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Posted 2019/01/09 17:02:00

Hopes for U.S.-China trade talks boost stocks, oil

Stocks around the world extended recent gains and oil prices jumped on Wednesday on optimism that the United States and China may be inching towards a trade deal, soothing fears of an all-out trade war and its possible impact on global growth.


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Posted 2019/01/09 16:22:39

U.S. official Rosenstein, overseeing Russia probe, set to leave

Deputy U.S. Attorney General Rod Rosenstein, who has overseen the Russian election meddling probe, is preparing to leave the U.S. Department of Justice in coming weeks as President Donald Trump's nominee to lead the department is set to take over, a department official said on Wednesday.


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Posted 2019/01/09 15:43:50

More Fed officials say caution is needed before more rate hikes

Another clutch of U.S. Federal Reserve officials said on Wednesday they would be cautious about any further increases in interest rates so that the central bank could assess growing risks to an otherwise solid U.S. economic outlook.


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Posted 2019/01/09 15:41:49

Trump says has halted U.S. funds for California wildfires, forest management

U.S. President Donald Trump on Wednesday said he has ordered a halt to federal emergency funds for California to fight wildfires and manage its forests unless officials in the western U.S. state can "get their act together."


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Posted 2019/01/09 15:33:52