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Strong earnings power Wall Street to record; Fed awaited

Wall Street got a big boost from strong corporate earnings on Wednesday, with all three major indexes hitting record highs, while investors awaited the outcome of a two-day Federal Reserve meeting.

Recent Business News

Wal-Mart proposes policy actions to boost U.S. manufacturing

CHICAGO Wal-Mart Stores Inc on Wednesday proposed 10 policy actions to boost U.S. manufacturing that the retailer said could help recapture $300 billion of the $650 billion worth of consumer goods that are currently imported.

9:36am EDT

Oil jumps to near eight-week high after big draw in U.S. crude stocks

NEW YORK Oil prices rose to near eight-week highs on Wednesday, with Brent crude futures at over $50 a barrel, as a fall in U.S. inventories bolstered expectations that the long-oversupplied market was moving toward balance.

11:18am EDT

Coca-Cola profit beats on demand for juices, low-sugar sodas

Coca-Cola Co's profit, in its first quarter under new Chief Executive James Quincey, beat analysts' estimates on higher-than-expected demand for its healthier non-carbonated beverages as well as low and no-sugar versions of its sodas.

11:55am EDT

Fed expected to leave rates unchanged; balance sheet in focus

WASHINGTON The Federal Reserve is expected to hold interest rates unchanged on Wednesday and possibly hint that it will start winding down its massive holdings of bonds as soon as September in what would be a vote of confidence in the U.S. economy.

1:09am EDT

D.R. Horton posts slowest order growth in three quarters

No.1 U.S. homebuilder D.R. Horton Inc reported its slowest growth in orders in three quarters on Wednesday even as it grapples with higher labor and lumber costs.

11:34am EDT

Monetizing the Dallas Cowboys brand

Dallas Cowboys Chief Operating Officer Stephen Jones talks about maximizing the value of his team.   Full Article 


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