Disappointing earnings reports from retail giants raised fears of a looming recession and as the Federal Reserve has sought to control inflation.
Two U.S. central bankers say they expect the Federal Reserve to downshift to a more measured pace of policy tightening after July as it seeks to quell inflation without lifting borrowing costs so high that they send the economy into recession.
A U.S. auto safety agency said Wednesday it has opened an investigation into a fatal crash involving a Tesla vehicle in California this month that resulted in three deaths and could have been caused by its advanced driver assistance system.
Only two of the world's 12 top automakers plan to make enough electric vehicles by 2030 to stay in step with Paris Agreement climate goals.
U.S. Federal Reserve nominee Michael Barr, nominated by Democratic President Joe Biden to be the central bank's Wall Street cop, said on Wednesday that he is committed to bringing inflation back down to 2%.
New York agency accuses Amazon of workforce discrimination
One of last Rwanda genocide fugitives 'died in 2002'
The Disney Pride Collection features children’s clothing and accessories in the same rainbow colors of the “Pride” flag.
Russian soldier pleads guilty at Kyiv war crimes trial
A group led by Europe's largest carmaker Volkswagen is set to win unconditional EU antitrust approval for its 2.9-billion-euro ($3 billion) bid for French car rental company Europcar, two people familiar with the matter said.
Senegal probing feared homophobic attack by mob
GrubHub executed a poorly planned free lunch for up to $15 orders in New York City, which backfired into chaos on Tuesday as 6,000 orders per minute threw restaurants for a loop with not enough delivery drivers to meet the demand.
A digital rand in South Africa could cut the high cost of cross-border payments for banks but its introduction is still a few years away, a senior central bank official said.
S&P Dow Jones Indices has removed electric carmaker Tesla Inc from its widely-followed S&P 500 ESG Index, citing issues including racial discrimination claims and crashes linked to its autopilot vehicles, a move that prompted critical tweets from Tesla CEO Elon Musk on Wednesday.
The world's two largest economies borrowed the most in the first quarter as global debt rose to a record above $305 trillion, while the overall debt-to-output ratio declined, data from the Institute of International Finance showed on Wednesday.
More than half of U.S. chief executives expressed pessimism in a recent survey that the economy will avoid a recession.
Societe Generale CEO Frederic Oudea, who navigated the French bank through a rogue trading scandal and the euro zone crisis, will leave next year, ending a tumultuous 15 years at the top.
The new sweet menu addition will be available at McDonald's starting on May 25 only for a limited time.
Permits for future U.S. homebuilding tumbled to a five-month low in April, suggesting the housing market was slowing as rising mortgage rates contribute to reduced affordability for entry-level and first-time buyers.
Stress on global supply chains worsened in April as coronavirus lockdown measures in China and the war in Ukraine lengthened delivery times, and air freight costs between the United States and Asia rose, the New York Federal Reserve reported in its latest update to a worldwide index of supply problems.
Monetary tightening in the United States makes it all the more pressing to speed up the privatization of Brazil's largest utility, state-run power company Eletrobras, according to a high-ranking Economy Ministry official.
Pipeline firm Tallgrass Energy on Wednesday said it will convert a natural gas pipeline into carbon dioxide service, and ship CO2 from an Archer-Daniels-Midland Co corn-processing plant in Nebraska to a permanent underground storage hub in Wyoming.
The government of Panama and energy companies, including SGP BioEnergy, plan to develop a major, advanced biorefinery to increase supply of lower-carbon aviation fuel, the companies said Wednesday.
A cruise ship camera showed the woman going overboard in Alaska’s Inside Passage.
War in Ukraine: Latest developments
Portugal's central bank has opened up its heavily guarded vaults in a small commuter town near Lisbon, giving a rare glimpse of where some of the country's gold reserves are kept.
Japan will not block foreign investors from buying industrial giants such as Toshiba Corp provided they comply with rules that govern the handling of sensitive infrastructure and technology, Japan's economic security minister said.
The Nasdaq and the S&P 500 dropped 3% on Wednesday as a rally in growth shares faded amid economic growth concerns, while Target plunged to the bottom of the S&P 500 after the retailer became the latest victim of surging prices.
Singapore Airlines Ltd (SIA) on Wednesday posted a narrower annual loss of S$962 million ($694.08 million), at a time when demand remained low due to the pandemic, but said the outlook was improving as travel restrictions were lifted.
Toronto home prices are falling, but not everywhere.
