Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread more
"Blaming Iran won't end disaster. Accepting our April '15 proposal to end war & begin talks may," Zarif said on Twitter.Energyread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
The dollar rose broadly on Wednesday, hitting a two-month high versus the yen, as the Federal Reserve signaled it may raise interest rates for a third time this year even as inflation has remained below its 2 percent goal.
The U.S. central bank also said after a two-day meeting it will begin reduction of the Fed's $4.5 trillion balance sheet in October by allowing small amounts of Treasuries and mortgage-backed securities to run off.
"Right now, the market sees the Fed more hawkish than anticipated," said Tim Alt, director of currencies and rates at Aviva Investors.
Some traders had thought catastrophic damage from Hurricanes Harvey and Irma in Texas and Florida might force the Fed to postpone a rate increase until next year. The Fed raised rates by a quarter point in March and June and its current target range is now at 1.00-1.25 percent.
"The Fed didn't alter this time to the market's outlook. This time the market adjusted to the Fed's outlook," said Brent Schutte, chief investment strategist with Northwestern Mutual Wealth Management Co.
The futures market implied traders saw a 73 percent chance of the Fed raising rates at its Dec. 12-13 meeting , up from 52 percent before the Fed's latest policy statement and forecast, CME Group's FedWatch tool showed.
The dollar index, which tracks the greenback against six major currencies, was modestly lower before turning higher on the Fed's forecast for one more rate hike in 2017. It was up 0.7 percent for its biggest one-day increase since Aug. 4 at 92.426.
The euro slid 0.8 percent to $1.1894, its lowest in four sessions, while the greenback gained 0.5 percent to 112.17 yen after touching a two-month high at 112.51 yen, Reuters data showed.
Among emerging market currencies, the Mexican peso recovered from Tuesday's losses spurred by the second deadly earthquake to strike the country in two weeks. The Mexican currency ended up 0.2 percent at 17.76 peso per dollar, reversing the prior day's 0.2 percent decline. The
New Zealand dollar gained 0.6 percent to $0.7360 after reaching its highest level in 6-1/2 weeks as one poll showed the country's National Party pulled ahead of the rival Labour Party ahead of a general election this weekend.
Support for the National Party jumped 6 points to 46 percent, according to the One News-Colmar Brunton opinion poll, while support for the opposition Labour party slumped by seven points to 37 percent.