The central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a...The Fedread more
His case for gold comes as central banks get more aggressive with policies that devalue currencies and are about to cause a "paradigm shift" in investing.Marketsread more
CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%.Marketsread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
The growth in net interest income, a main engine of the industry's profit, looks to slow to a halt in the back half of this year.Banksread more
These are the stocks posting the largest moves midday.Market Insiderread more
Here's how Amazon sells ads, and why it has a natural edge over Google and Facebook in some areas.Technologyread more
Netflix reports earnings Wednesday as it loses licensed shows to rivals launching their own streaming services.Technologyread more
Federal Judge William Pauley wrote in a court filing made public Wednesday that materials related to Cohen's campaign-finance probe should be unsealed — and denied a request...Politicsread more
The "'Cadillac tax," set to go into effect in 2022, is unpopular with both Republicans and Democrats, who say it punishes the middle class.Health and Scienceread more
Facebook's head of Calibra David Marcus is grilled during a House Financial Services Committee hearing over the company's digital currency plans.Technologyread more
It is already shaping up to be a good year for Hyundai.
The Korean carmaker took home two of three major automotive industry awards at the Detroit auto show this year, and the recognition could be a boon to its brands looking to lure customers away from more established rivals.
The awards, referred to as the "Oscars of the automotive industry," rate cars based on innovation, design, safety, performance, technology, driver satisfaction and value. They're judged by a panel of automotive journalists and analysts.
Hyundai took home the North American 2019 Utility Vehicle of the Year award in the utility category for its Kona sport utility vehicle, beating out the two top finalists: the Jaguar I-Pace electric and the Acura RDX. The Kona SUV comes with either a traditional gasoline engine or electric power.
Hyundai's luxury brand Genesis took home 2019 Car of the Year award for its G70 sport sedan, beating other finalists: the Honda Insight and the Volvo S60/V60. The G70 has received praise as a potential contender to incumbent luxury sport sedans, such as the BMW 3-series. The award is another feather in Hyundai's cap for Genesis, which debuted in 2008. By 2018, Consumer Reports rated Genesis No. 1 in a ranking of automotive brands, and Genesis has topped J.D. Power Initial Quality surveys as well.
But industry analysts have said that one of Genesis' biggest challenges is getting on buyer consideration lists, especially in a market that is ditching cars for crossovers.
Fiat Chrysler's Ram 1500 full-size pickup won the truck category, beating two comparable pickups from General Motors —the Chevrolet Silverado 1500 and the GMC Sierra 1500. The Ram truck had been the expected favorite by many in the industry. Ram has historically trailed in sales behind Ford and Chevrolet in pickup sales, but the brand has impressed buyers and critics with its bold exterior designs, capability, and its high-end interiors.
With the award, Ram parent Fiat Chrysler has managed to make a splash at two auto major shows in the span of just a few months. Late last year, the automaker's wildly successful Jeep brand unveiled its Gladiator pickup truck. Both Ram and Jeep have been successful, but some of Fiat Chrysler's more sedan-heavy brands have struggled, and the company is trying to stay on course after the unexpected death of former CEO Sergio Marchionne, who was widely considered a towering figure in the auto business.