German media group Axel Springer is considering a sale of its affiliate marketing unit Awin, according to three people familiar with the matter, following the planned break-up its owners agreed last year. The group has in recent weeks invited banks to pitch for an advisory role to help sell Awin, which helps publishers promote advertisers’ products, two of the people said. A spokesperson for Axel Springer declined to comment.
Did Nvidia do enough to reawaken the bull narrative on the stock? Wall Street weighs in.
Wall Street's main indexes rose on Wednesday ahead of the Federal Reserve's widely anticipated monetary policy decision, at a time when worries linger about trade policies and their impact on the economy. Traders see the Fed lowering borrowing costs by at least two 25-basis point cuts by December, with the first expected in July, according to data compiled by LSEG. Focus will be on new economic projections from policymakers that will give an idea of how they feel U.S. President Donald Trump's policies will affect economic growth, inflation and unemployment.
Lincoln Financial is teaming up with Bain Capital and Partners Group to launch two new funds aimed at everyday investors.
(Bloomberg) -- Samsung Electronics Co. pledged to strengthen its position in the high-bandwidth memory chip market this year, in response to shareholder criticism over its underperformance in the lucrative artificial intelligence arena.Most Read from BloombergNYC Plans for Flood Protection Without Federal FundsDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleA Malibu Model for Residents on the Fire FrontlinesThe Scary Thing About the Wildfire That Was StoppedJun Young-hyun, head
The Federal Reserve is expected to hold interest rates steady on Wednesday, with new economic projections out from policymakers that will show if they still see rates moving lower by the end of the year as they sort through the implications of the first two months of the Trump administration. A new policy statement and the projections will be released at 2 p.m. EDT (1800 GMT) at the end of a two-day meeting focused on how the economic outlook has shifted since President Donald Trump's January 20 inauguration. Fed Chair Jerome Powell is scheduled to hold a press conference a half hour later.
U.S. President Donald Trump will host top oil executives at the White House on Wednesday as he charts plans to boost domestic energy production in the midst of falling crude prices and looming trade wars. The meeting, scheduled to start at 2 p.m. ET (1800 GMT), will mark Trump's first sit-down with oil and gas leaders since returning to the White House for a second term as president in January. It will be part "victory lap" for Trump's early support of the industry, according to one source familiar with the planning of the closed-door event, but executives are also expected to express concerns over Trump imposing tariffs and emphasize the need for higher oil prices to help meet the president's promise to grow domestic production.
(Bloomberg) -- Gold steadied close to a record as geopolitical tensions mounted ahead of a Federal Reserve interest-rate decision.Most Read from BloombergNYC Plans for Flood Protection Without Federal FundsDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleA Malibu Model for Residents on the Fire FrontlinesThe Scary Thing About the Wildfire That Was StoppedBullion hovered near $3,030 an ounce, about $15 below an all-time-high set earlier Wednesday. Russian President Vladimir Putin
Late last year, it seemed like the Federal Reserve had pulled off the unlikely — tamping down the highest inflation in four decades without triggering a recession, an outcome known as a “soft landing.” Now, two months into President Donald Trump’s second term, that historic win could be reversed as a global trade war looms.
The Federal Reserve is widely expected to hold interest rates steady Wednesday as policymakers stay cautious amid the uncertainty of President Trump’s economic policies.
