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Earnings season is in full swing, and that means investors get a chance to hear from multinational companies about the state of the global economy. So far, executives are cautiously optimistic. While the benchmark S&P 500 index has reached several record highs in recent weeks, investors are monitoring the unknowns that could throw a wrench…
The Federal Reserve makes its first interest rate decision of the year on Wednesday. But with practically all of Wall Street in agreement that no changes will be made, investors are focused on Fed Chair Jerome Powell’s afternoon press conference where he’ll answer questions about his outlook for monetary policy. And if past performance is…
UPS announced Tuesday that it will cut 12,000 jobs as part of a bid to save $1 billion costs. Managers and contractor positions will make up most of the layoffs. The job cuts come as UPS issued a disappointing sales outlook for this year, saying it expects global revenue of between $92 billion to $94.5…
Curbs on funds that allow retail investors to bet on foreign securities come amid sell-off in Chinese equities Chinese authorities are tightening limits on capital outflows by restricting access to funds that invest in offshore securities as the country battles a brutal market rout. About a third of Chinese funds that invest in foreign securities…