Finance

The Federal Reserve is expected to cut the target range for federal funds to between 1.50% and 1.75%, the third such cut this year, in an effort to sustain an economy buffeted by the trade dispute with China and no longer supported to the same degree by President Trump’s 2017 tax cut. Investing.com — The …

LONDON (Reuters) – The use of combustible materials in the refurbishment of London’s Grenfell Tower was central to the catastrophic chain of events in June 2017 that turned an ordinary kitchen fire into an inferno that killed 71 people, an official inquiry said on Wednesday. The blaze at Grenfell Tower, a 23-storey social housing block …

LONDON (Reuters) – Facebook (NASDAQ:FB) has agreed to pay a 500,000 pound ($644,000) fine for breaches of data protection law related to the harvesting of data by consultancy Cambridge Analytica, Britain’s information rights regulator said on Wednesday. Facebook CEO Mark Zuckerberg has faced questioning by U.S. and EU lawmakers over how the political consultancy obtained …

FREDERICKSBURG, Va. (Reuters) – The off-year elections for the Virginia state legislature are often a quiet, little-noticed interlude before the frenzy of the U.S. presidential campaign. But not this year. Democrats are pouring money and star power into races that could give the party complete control of the legislative and executive branches of Virginia state …

BOSTON (Reuters) – As Tiger Woods staged his dramatic comeback at Augusta National Golf Club earlier this year, most of Emerson (NYSE:EMR) Electric Co’s fleet of luxury corporate jets swooped in. Its planes arrived at Georgia’s Augusta Regional Airport from all over the United States, flying in from Austin, Dallas, Houston, New Orleans, New York …

TOKYO (Reuters) – The International Olympic Committee (IOC) said on Wednesday it wants Tokyo to understand the reasons why it is switching the 2020 Games marathon to the northern city of Sapporo, a decision that has infuriated the capital’s governor Yuriko Koike. The IOC announced a plan earlier this month to move the marathon and …

BRUSSELS (Reuters) – Euro zone economic sentiment deteriorated in October for a second straight month, data showed on Wednesday, as pessimism in industry spread to services and consumers in a bad sign for the bloc’s growth prospects. The European Commission said its main indicator for economic sentiment in the 19-country currency bloc fell to 100.8 …

(Reuters) – Roger Federer said on Wednesday he has withdrawn from the inaugural ATP Cup in Australia in January next year so he can spend more time with his family. Federer’s decision to withdraw means Switzerland can no longer take part in the nation-based event on Jan. 3-12 and that six more countries will now …

WASHINGTON/SAN FRANCISCO (Reuters) – U.S. President Donald Trump’s re-election campaign has run more than 3,000 Facebook (NASDAQ:FB) ads in English asking for support to curb illegal immigration in the past six months, often asking people to sign online petitions to “deport illegals.” But Republican Trump’s more than 1,200 Facebook ads in Spanish during the same …

WASHINGTON (Reuters) – Boeing Co (N:BA) Chief Executive Dennis Muilenburg will face a second day of questions Wednesday from U.S. lawmakers on its now grounded 737 MAX after sharp criticism at a Senate hearing Tuesday. U.S. Representative Peter DeFazio, who heads the House Transportation and Infrastructure Committee that will hear from Muilenburg on Wednesday, said …