U.S. economic growth on track despite tariff concerns: Fed report

WASHINGTON (Reuters) - "Robust" business borrowing, rising consumer spending, and tight labor markets indicate the U.S. economy remains on track for continued growth, the Federal Reserve reported on Wednesday, with the risks of a global trade war the one


GM abruptly replaces head of Cadillac brand

(Reuters) - General Motors Co said on Wednesday that it was replacing Johan de Nysschen as head of its Cadillac brand, ahead of the launch of a new sport utility vehicle central to GM's hopes for luxury market growth.


Abbott's quarterly profit, sales beat Street estimates

(Reuters) - Abbott Laboratories reported better-than-expected quarterly profit and sales, helped by growth across its businesses and device launches.


Asia shares edge up with Wall Street, wary on China

SYDNEY (Reuters) - Asian shares crept ahead on Wednesday after Wall Street took heart from upbeat corporate earnings, though nagging concerns about trade barriers and the global growth outlook kept currencies and bonds subdued.


UnitedHealth profit beats on strong growth across businesses

(Reuters) - UnitedHealth Group Inc on Tuesday posted a quarterly profit that beat Wall Street estimates, fueled by growth in its core insurance and health-services businesses and raised its earnings forecast for the year.


Netflix original shows lure more new subscribers than expected

(Reuters) - Netflix Inc's blitz of new programming attracted a surprisingly high 7.4 million new customers from January to March, reassuring investors who are betting the video streaming pioneer's massive spending will fuel growth around the world.


BofA profit beats estimates on higher interest rates, loan growth

(Reuters) - Bank of America reported a 34 percent rise in first-quarter profit on Monday, topping Wall Street estimates, as the bank benefited from higher interest rates and growth in loans and deposits.


India's weather office forecasts average monsoon rains in 2018

NEW DELHI (Reuters) - India is likely to receive average monsoon rains in 2018, the weather office said, raising the possibility of higher farm and economic growth in Asia's third-biggest economy, where half of the farmland lacks irrigation.

United States

New Jersey tax hikes would make up 78 percent of estimated revenue growth

NEW YORK (Reuters) - New Jersey is projecting higher revenue growth for the next fiscal year, but most of it would come from tax hikes, according to testimony by Acting State Treasurer Elizabeth Muoio on Tuesday.

Top News

U.S. job growth seen slowing in March, jobless rate likely fell

WASHINGTON (Reuters) - U.S. job growth likely slowed in March as the boost from mild temperatures faded, but the gains were probably more than enough to push the unemployment rate down to 4.0 percent, indicating the labor market continues to tighten.

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