Economic Indicators

Sri Lanka to get $3.9B oil refinery next to Chinese-run port

Officials in Sri Lanka say a Singapore-based company and the government of Oman have pledged to build a $3.9 billion oil refinery next to a Chinese-controlled port that will be the largest foreign investment ever for the Indian Ocean island nation.

3 things to watch for from the Federal Reserve on Wednesday

The Federal Reserve is considered sure to leave its key short-term interest rate unchanged Wednesday and to stress its new watchword — "patient"— in conveying its intention to leave rates alone for the foreseeable future.

Wells Fargo agrees to pay $800K in Schilling video game deal

Wells Fargo Securities has agreed to pay an $800,000 civil penalty to settle a U.S. Securities and Exchange Commission lawsuit over Rhode Island's failed $75 million deal with former Boston Red Sox pitcher Curt Schilling's video game company.

Stocks close mixed ahead of Fed meeting

Early session gains were pared after a Bloomberg report that Chinese officials have expressed disappointment over the level of assurances Washington is giving that tariffs imposed on their exports will be lifted.

White House foresees long economic boom where others don't

Contrary to the views of most economists, the Trump administration expects the U.S. economy to keep booming over the next decade on the strength of further tax cuts, reduced regulation and improvements to the nation's infrastructure.