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U.S. stock index futures were marginally higher on Wednesday morning, as investors wait to hear from Federal Reserve Chairman Jerome Powell. At around 01:30 a.m. ET, Dow futures rose 10 points, indicating a positive open of more than 33 points. Futures on the S&P and Nasdaq were both slightly higher too. There’s a special focus …

Jerome Powell, Chair, Board of Governors of the Federal Reserve speaks during a conference at the Federal Reserve Bank of Chicago on June 4, 2019 in Chicago, Illinois. Scott Olson | Getty Images Many investors believe the Federal Reserve is set to start cutting interest rates, possibly as early as this week. And history shows …

The Federal Reserve is widely expected to strike a dovish chord when it meets this week, clearing the way for a July rate cut — the first in more than a decade — that almost 40% of economists in a Wall Street Journal poll are expecting. While a hawkish Fed no longer looms large over …

Background: When Powell and the Fed predicted they would raise rates three times this year in November, the market priced in a 20% chance of it happening and had written that down to 7% by the end of the month, CME Group’s FedWatch tool shows. When the Fed lowered that prediction to two rate hikes …

NEW YORK – President Donald Trump’s attempt to transform American health insurance is almost complete. Twenty months ago, frustrated after attempts to repeal Obamacare fell apart in the Republican-controlled Senate, Trump pledged to use executive power to do what Congress failed to legislate. An executive order set in motion regulations to promote “health care choice …

U.S. stocks slipped Wednesday after a strong rally at the start of June faded. Protests in Hong Kong further weighed on global markets. The S&P 500 (^GSPC) fell 0.21%, or 6.06 points, as of 3:07 p.m. ET. The Dow (^DJI) edged down 0.18%, or 47.87 points, while the Nasdaq (^IXIC) fell 0.39%, or 30.43 points. …

Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Activist investor Bill Ackman is urging United Technologies to abandon its $100 billion stock merger with Raytheon, a source familiar with the matter confirmed to CNBC. Ackman, whose Pershing Square Capital Management owned 5.8 million United Technologies shares at the end …

© Reuters. A man looks on in front of an electronic board showing stock information at a brokerage house in Nanjing By Shinichi Saoshiro TOKYO (Reuters) – Asian stocks gained on Tuesday, led by Chinese shares after Beijing eased financing rules to boost local government spending on public works, and bolstered by investor relief following …

United Technologies President and CEO Gregory Hayes Richard Drew | AP Raytheon and United Technologies’ large aerospace business are in late-stage talks to combine in a all-stock deal that would boost consolidation in the aviation and defense sectors, according to a source familiar with the matter. The companies have a combined market value of nearly …