Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Tesla CEO Elon Musk sent out another email to his employees, pushing them to aim for a record number of vehicle deliveries to end the second quarter of 2019.Technologyread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
The Senate is expected to pass its own version of the border aid legislation, while the Trump administration has threatened to veto both bills.Politicsread more
Some 4 million people have fled the South American country since 2015 amid an economic meltdown.World Politicsread more
Japanese designer Undercover posted on its Instagram account a photo of protesters with the slogan "no extradition to China," the Financial Times reported.China Politicsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
Stocks in Asia were tepid on Wednesday afternoon after U.S. Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.Asia Marketsread more
The purchase confirms Apple's continued interest in self-driving car software, and it will bolster Apple's engineering ranks with additional employees who can build autonomous...Technologyread more
Lloyd Blankfein, chairman and CEO of Goldman Sachs, said on Tuesday the firm would start winding down hedge funds and harvesting private equity, in order to comply with financial reforms designed to curb riskier activities.
At a Bank of America conference, Blankfein said the moves were in keeping with guidelines under the Volcker Rule that bans banks from trading for their own account. He added that investment banking remained Goldman's primary focus.
Goldman is one of a few Wall Street names that have scaled back on proprietary trading and other investments that the Volcker Rule -- named after former Federal Reserve chairman Paul Volcker and the centerpiece of Dodd-Frank financial legislation -- may outlaw.
Blankfein went on to say that clients would demand certain services, despite Volcker prohibiting them. He added that the rule would allow firms to co-invest with, and provide liquidity to, its investors, but key businesses won't be as attractive as they once were.