U.S. stocks edged lower in early trading on Wall Street on Wednesday ahead of the latest interest rate policy decision by the Federal Reserve.
Investors are also digesting another snippet of information on trade talks between the U.S. and China. White House officials are saying that top U.S. trade and economic officials will visit China late next week for another round of negotiations. Wall Street is hoping for a resolution to the damaging trade war between the world's largest economies, which has made goods more costly for companies and consumers.
FedEx plunged after the company told investors that weak economic growth and higher costs will continue to cut into profit and revenue. General Mills blew away profit forecasts for the third quarter as higher prices on some of its products lifted revenue.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks are up as traders shift focus to see just how 'patient' the Fed will be'The prospect of low rates for longer is music to the ears of equities, as firms benefit from lower borrowing costs,' said Jasper Lawler at London Capital Group.
Read more »
Feds raided Trump fundraiser's office after megadonor allegedly tried to sell access to foreigners: ReportElliott Broidy, an ally of President Donald Trump who was previously the national deputy finance chairman of the Republican National Committee, was part of an investigation into whether he tried to sell access to the president.
Read more »
'Full House' actress surrenders to feds in alleged college admissions schemeFifty people are accused of participating in a scheme that involved cheating on standardized tests and bribing college coaches and others to admit students as athletes regardless of their abilities, prosecutors revealed in a federal indictment Tuesday.
Read more »
Feds reportedly raided GOP fundraiser Elliott Broidy for records on Trump administration associatesGOP fundraiser Elliott Broidy's office in Los Angeles was raided last July by federal investigators looking for records detailing his dealings with 'Trump administration associates' and foreign officials, according to a new report Monday.
Read more »
Feds reportedly raided Republican fundraiser Elliott Broidy's office seeking documents related to Trump administration associatesGOP fundraiser Elliott Broidy's office in Los Angeles was raided last July by federal investigators looking for records detailing his dealings with 'Trump administration associaties' and foreign officials, according to a new report Monday. The California businessman until last year was
Read more »