Rising U.S.-China trade tensions rattle financial markets
The Dow Jones Industrial Average tumbled more than 470 points Tuesday as the U.S. and China moved closer to an escalation of their already costly trade war.
WATCH: Fed lifts rates for 4th time this year but sees fewer hikes ahead
The quarter-point hike, to a range of 2.25 percent to 2.5 percent, lifted the Fed's benchmark rate to its highest point since 2008. The increase will mean higher borrowing costs for many consumers and businesses.
Watch 5:55
News Wrap: Market rises on signs interest rate hikes may slow
Wall Street saw gains across the Dow Jones, the Nasdaq and the S&P 500 amidst signs interest rate hikes might slow. Fed chairman Jerome Powell acknowledged that “moving too fast” could jeopardize economic growth, although he also cautioned against going…
Powell says U.S. economy healthy and rate hikes aren’t automatic
Federal Reserve Chairman Jerome Powell cast a bright picture of the U.S. economy Wednesday and appeared to suggest that the Fed might consider a pause in its interest rate hikes next year to assess the impact of its credit tightening.
Tuesday in our news wrap, another choppy day of trading on Wall Street. Stocks fell on lackluster earnings reports and steep losses overseas. Also, Hurricane Willa is making landfall on Mexico's Pacific Coast tonight, with winds diminished to around 120…
Wednesday marked the longest bull market in the stock market's history, and financial analysts say the economy is strong enough that the gains could continue.
The consumer banking giant continues to navigate several investigations related to the opening of fake customer accounts, forcing customers to take unnecessary auto insurance policies, unfairly charging fees tied to mortgage rates and other matters.
Stocks plunged on Friday over fears that the Federal Reserve will accelerate interest rate hikes. The sell-off was driven by news that the economy added a net of 200,000 jobs in January, with wages rising at the fastest pace in…
The Senate voted narrowly to repeal a banking rule that would have allowed consumers to join together to sue their bank or credit card company.
Additional Support Provided By:
