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Wall St. lower as investors assess Fed's hawkish stance

U.S. stocks pulled back from their all-time highs on Thursday as investors assessed the Federal Reserve's policy statement, which hinted at raising interest rates for the third time this year and laid out plans to roll back its monetary stimulus.

Recent Business News

Daimler joins rush to add more North American auto plants: report

DETROIT U.S. automakers are facing mounting pressure amid slowing demand in the country, as Asian and European automakers aggressively ramp up vehicle production in North America, including a new investment by Daimler AG.

10:07am EDT

Wells Fargo CEO to testify before Senate banking panel on October 3

WASHINGTON Wells Fargo Chief Executive Tim Sloan is due to testify before the Senate Banking Committee on Oct. 3, sources familiar with the scheduled meeting said.

9:43am EDT

What is at stake for Uber in U.S. bribery probe?

SAN FRANCISCO A U.S. bribery investigation at ride-hailing company Uber Technologies Inc [UBER.UL] will likely go on for a year or more and could lead to snowballing legal and compliance costs if lawyers find systemic problems.

EU eyes solo move to increase tax on online giants, risking U.S. anger

BRUSSELS The European Commission said on Thursday it may seek to implement tax reform to raise more revenue from online giants without the backing of the United States and other rich nations, in a move that could spark a new transatlantic dispute.

8:23am EDT

Road to electric car paradise paved with handouts

JUDABERG, Norway The Norwegian island of Finnoey has the highest density of electric cars in the world. The reason? They are exempt from the $6,000-a-year toll charges for the tunnel to the mainland.

Tech, Norway 9:44am EDT


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