Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook spoke to the central bank about the digital currency called LibraThe Fedread more
American Airlines is the first major U.S. airline to order Airbus' new long-range, single aisle aircraft.Paris Air Showread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
Employees spoke out on issues such as forced arbitration, workplace equity and Project Dragonfly at Alphabet's annual shareholder meeting.Technologyread more
Beyond Meat has blown up. The plant-based meat company is now larger than 80 S&P 500 companies, including Macy's, Xerox and Mylan.Trading Nationread more
Oracle found revenue growth from cloud applications in its fiscal fourth quarter, which helped it surpass analysts' expectations.Technologyread more
The deal for Perfect Bar's parent gives Mondelez a further foothold in snacking, as more people eat on-the-go.Food & Beverageread more
Chesley "Sully" Sullenberger told a congressional panel that pilots should receive simulator training before flying the Boeing 737 Max.Airlinesread more
European closed mixed Tuesday as investors await a decision from a two-day Federal Reserve policy meeting.
The pan-European Stoxx 600 was little changed, with most sectors down and major bourses pointing in opposite territories.
Europe's food and beverages sector slipped around 0.7 percent Tuesday after a Mexican bottler and retailer announced it had sold a stake in the world's second-largest brewer. Fomento Economico Mexicano (Femsa) said Monday that it had sold a 5.24 percent stake in Heineken. Shares of the Dutch brewer fell 3.7 percent on the news.
Meantime, Eurofins Scientific surged to the top of the benchmark in mid-day deals after it announced an agreement to acquire EAG Laboratories from Odyssey Investment Partners. Shares of the French pharmaceutical company soared more than 6 percent.
Looking at individual stocks, Finland's mining equipment maker Metso was also moving higher on Tuesday after Morgan Stanley raised its stock recommendation to "equal-weight" from "underweight". Its shares were more than 5 percent higher.
Hugo Boss slumped towards the bottom of the Stoxx 600 Tuesday afternoon after Morgan Stanley downgraded the German fashion retailer to underweight from equal-weight. The brokerage said the firm faces "market-driven", rather than brand-driven, pressure. Its shares dipped 3.47 percent.
On Wall Street, Dow Jones industrial average hit a record high shortly after markets opened for trading, rising 30 points.
Asian shares slipped on Tuesday despite record highs on Wall Street in the previous session. U.S. Treasury yields appeared to boost financial shares on Monday, with the Dow Jones industrial average notching a record high for the fifth consecutive session and the S&P 500 also hitting another record high.
The Federal Reserve is poised to begin a two-day meeting later on Tuesday as investors awaited further clues regarding U.S. monetary policy. The central bank is expected hold interest rates steady.
The British pound jumped half a cent to $1.3533 after the Daily Telegraph reported Britain's foreign secretary Boris Johnson "will resign by the weekend" if Prime Minister Theresa May pushes for a "Swiss-style" arrangement with the European Union in her speech in Florence on Friday.