Fed seems poised to raise rates for a 3rd time this year
The Federal Reserve is set Wednesday to raise interest rates for a third time this year and possibly modify the likely direction of rates in the months ahead.
Industries
Asian markets rally ahead of expected US Fed rate hike
Asian markets rose on Wednesday as traders awaited a third interest rate hike by the U.S. Federal Reserve for this year.
Ex-con turned fitness guru - the business built behind bars
ConBody’s founder and the entire staff of trainers were formerly incarcerated.
Amnesty: Firm at Qatar 2022 World Cup not paying wages
Amnesty International is accusing a contractor involved in building a stadium for the 2022 FIFA World Cup of not paying its workers.
CBS names Richard Parsons interim chairman of board
Parsons id the former Time Warner chief executive and served as chairman at Citigroup.
CBS taps media industry veteran Parsons as interim chairman
CBS says it has named media industry veteran Richard Parsons as interim chairman of the board as the company moves to reshape itself following the ouster of longtime chief Les Moonves.
Delta ground stop lifted with systems restored
Delta announced around 9:20 p.m. ET that the issue was resolved.
NFL plagued by empty stadiums seats
Former Trump campaign manager Michael Caputo says he sees a major problem with the NFL’s inability to fill its stadium seats.
Environmental, tribal groups ask PUC to reconsider Line 3
Environmental and tribal groups asked Minnesota regulators on Tuesday to reconsider their approval of Enbridge Energy's plans to replace its aging Line 3 crude oil pipeline across northern Minnesota.
BMW warns that trade spat will drag on sales, profit
The German automaker cut its outlook for full-year sales and earnings.
Into the fold? What's next for Instagram as founders leave
When Kevin Systrom and Mike Krieger sold Instagram to Facebook in 2012, the photo-sharing startup's fiercely loyal fans worried about what would happen to their beloved app under the social media giant's wings.
Rochester firm wins $1M NY clean energy contest
A Rochester firm that makes a product that makes trucks more energy efficient has won a $1 million state competition.
Business Highlights
___ Into the fold?
Ex-convict turns entrepreneur
ConBody founder Coss Marte is incorporating a prison-style workout into a fitness business.
Push to end bullet train in 2020 could signal GOP strategy
Opponents of the California gas tax increase passed by state legislators last year to finance infrastructure improvements are proposing a new ballot measure for 2020 aimed at creating a new financing arrangement and eliminating the state's high speed rail project.
Asian markets rally ahead of US Fed rate hike
U.S. stock indexes are slightly higher Tuesday morning as energy companies continue to rise with oil prices.
How major US stock indexes fared Tuesday
U.S. stocks finished mostly lower Tuesday as rising interest rates hurt shares of companies that pay big dividends and higher oil prices affected transportation and shipping companies.
Nike's marketing strikes a chord without hurting business
Nike caused an uproar earlier this month with its ad featuring former NFL quarterback Colin Kaepernick that debuted just as the football season was about to begin.
Oakland A's clinch playoffs despite MLB's lowest opening day payroll
The A’s opened the 2018 season with a total payroll of just $66 million.
Nike tops Wall Street expectations, but shares fall
The Oregon-based company posted earnings per share of 67 cents on $9.95 billion in quarterly revenue.