The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
Talks between the world's two largest economies have stalled after each nation lobbied higher tariffs on the other's imports.Traderead more
GAC Motor said its delaying its launch in the U.S. but had no timeline when it could launch there.Autosread more
See which stocks are posting big moves after the bell on Tuesday, May 21.Market Insiderread more
CBS plans to renew discussions for Starz with Lions Gate in the coming weeks, according to people familiar with the matter. If a deal happens, the remainder of Lions Gate...Technologyread more
"We are now embarking on a new Long March, and we must start all over again!" Xi Jinping said.Marketsread more
As of Tuesday, an imminent deal seems unlikely, with both countries refusing to compromise, Cramer said.Mad Money with Jim Cramerread more
Connecticut state Sen. Alex Bergstein's divorce case with her husband, Morgan Stanley managing director Seth Bergstein, has exposed her new romantic relationship with her...Politicsread more
German utility RWE on Wednesday said a planned breakup of its networks and renewables unit Innogy was on track and that it still expects the landmark deal to receive EU clearance in mid-2019.
"It is envisaged that the entire transaction will be completed rapidly thereafter," RWE said in a statement as it reported nine-month results that were in line with analyst expectations.
The complex transaction, partly a reversal of RWE's step to spin off Innogy in 2016, will turn RWE into Europe's third-largest renewable player after Spain's Iberdrola and Italy's Enel.
Its nine-month adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) fell 23.5 percent to 1.3 billion euros ($1.5 billion), in line with the average forecast in a Reuters poll of banks and brokerages.
The company, Germany's largest electricity producer, confirmed it would pay an ordinary dividend of 0.70 euros per share for 2018, an increase of 40 percent on the previous year.