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Updated: 4 hours 56 min ago

As records fall on Wall Street, investors seek bets on economic growth

Wed, 05/01/2019 - 5:48pm
As the bull market gets a new lease on life, Wall Street is growing less fretful of a U.S. growth slowdown and betting on shares of companies in sectors that will benefit from the economic up-cycle, such as industrials and financials.

U.S. Fed sees no strong case for hiking or cutting rates

Wed, 05/01/2019 - 5:35pm
The U.S. Federal Reserve on Wednesday held interest rates steady and signaled little appetite to adjust them any time soon, taking heart in continued job gains and economic growth and the likelihood that weak inflation will edge higher.

Explainer: Venezuela crisis puts Trump policy to the test

Wed, 05/01/2019 - 5:27pm
The Trump administration faces a critical test of its Venezuela policy as opposition leader Juan Guaido, bolstered by vocal U.S. support, pressures the country's military to abandon socialist President Nicolas Maduro and mounts mass protests to force him out.

Wall Street drops after Fed chair dampens rate-cut hopes

Wed, 05/01/2019 - 4:48pm
U.S. stocks ended lower on Wednesday and the S&P 500 snapped a three-day streak of record high closes as comments from Federal Reserve Chairman Jerome Powell appeared to dampen hopes the central bank could move later this year to cut interest rates.

Traders see fading prospects for Fed rate cut

Wed, 05/01/2019 - 4:23pm
Traders of U.S. short-term interest rate futures trimmed bets the Federal Reserve would cut rates before the end of the year after Fed Chairman Jerome Powell poured cold water on the idea.

World stocks fall, dollar gains on Powell comments

Wed, 05/01/2019 - 3:30pm
Global equities lost ground on Wednesday, snapping a three-day winning streak after the U.S. Federal Reserve held rates steady as expected but comments from Fed Chairman Jerome Powell cast doubt on whether the central bank's next move would be a rate cut.

'Heart-wrenching' - Profiles of the University of North Carolina shooting victims

Wed, 05/01/2019 - 3:29pm
Riley Howell loved "Star Wars," snowboarding and his high school sweetheart, Lauren - but most of all, his family said, the 21-year-old student at the University of North Carolina at Charlotte loved taking care of others.

Fed keeps interest rates steady as U.S. economy motors along

Wed, 05/01/2019 - 2:55pm
The Federal Reserve held interest rates steady on Wednesday as policymakers took heart in continued U.S. job gains and economic growth and held out hope that weak inflation will edge higher.

Exclusive: Wife of Ukraine president-elect got penthouse bargain from tycoon

Wed, 05/01/2019 - 2:52pm
The wife of Ukrainian president-elect Volodymyr Zelenskiy bought a luxury apartment for less than half the market rate from business tycoon Oleksandr Buryak, according to official income and property records.

U.S., China reported near deal to end some tariffs; talks 'productive'

Wed, 05/01/2019 - 2:38pm
The United States and China are nearing a trade deal that would roll back a portion of the $250 billion in U.S. tariffs on Chinese goods, Politico reported on Wednesday after U.S. Treasury Secretary Steven Mnuchin said the two countries completed "productive" talks in Beijing.

Number of Venezuelans fleeing to Brazil surges during attempt to oust Maduro

Wed, 05/01/2019 - 1:42pm
Close to triple the usual number of Venezuelans fled to Brazil on Tuesday, when Venezuelan opposition leader Juan Guaido led an attempt to oust socialist leader Nicolas Maduro from power, according to Brazilian government data released on Wednesday.

The debate behind Trump's move to tighten Iran oil sanctions

Wed, 05/01/2019 - 10:54am
U.S. President Donald Trump's unexpected decision to ban all Iranian oil purchases after May 1 - ending exemptions for eight nations - came after hawkish economic and security advisors allayed the president's fears of an oil price hike, according to three sources familiar with the internal debate.

University of North Carolina identifies victims in deadly shooting

Wed, 05/01/2019 - 10:53am
The University of North Carolina at Charlotte on Wednesday revealed the identities of the two people killed and four injured in a shooting that prompted an all-night lockdown lifted slightly before dawn.

Nations using oil 'as a weapon' causing damage to OPEC -Iran oil minister

Wed, 05/01/2019 - 10:45am
Iran's oil minister hit out on Wednesday against the use of oil sanctions "as a weapon" by the United States and the damage it was doing to OPEC, according to SHANA, the news outlet of the OPEC member's oil ministry.

Guaido faces test with call for 'largest march' in Venezuela history

Wed, 05/01/2019 - 10:39am
Opposition leader Juan Guaido faced a key test of support on Wednesday after calling for the "largest march" in Venezuela's history to try to dislodge President Nicolas Maduro, even as the military has so far resisted calls to help remove him.

Brazil leader says fractures in Venezuelan army could lead to Maduro's fall

Wed, 05/01/2019 - 10:39am
Brazil President Jair Bolsonaro on Wednesday said that fractures within the Venezuelan army could lead to the "collapse" of Nicolas Maduro's socialist government.

U.S. military not given orders to prepare for war in Venezuela

Wed, 05/01/2019 - 10:39am
The Pentagon on Wednesday appeared to downplay any active planning to directly intervene in Venezuela to topple President Nicolas Maduro, telling Congress it had not been given orders to prepare for war and stressing support for diplomacy.

Riot police, masked protesters clash at Paris May Day rally

Wed, 05/01/2019 - 10:37am
Dozens of masked and hooded anarchists clashed with riot police in southern Paris on Wednesday, burning bins, smashing property and hurling projectiles, hijacking a May Day rally that was focused on protesting against President Emmanuel Macron's policies.

Apple results boost stocks, dollar dips

Wed, 05/01/2019 - 10:30am
Global equities advanced on Wednesday for a fourth-straight day of gains as Apple's strong results soothed concerns about earnings growth and the dollar dipped after some disappointing data ahead of a Federal Reserve policy statement.

S&P 500 at record high as Apple powers rally ahead of Fed decision

Wed, 05/01/2019 - 10:27am
The S&P 500 index notched a fresh record high on Wednesday, as gains in Apple Inc's shares after forecast-beating results powered a rally in technology stocks ahead of the Federal Reserve's latest policy announcement.