U.S. consumer spending rises in October following September’s sharp fall after the government's cash-for-clunkers program ended, the Commerce Department estimated Wednesday.
China's foreign-exchange regulator tightens up rules on individuals making cross-border money transfers, stepping up efforts to quell inflows of funds on speculation that the yuan is undervalued.
Deere swings to a fourth-quarter loss, as the company significantly devalues its landscaping business and shows the effects of a sharp decline in demand for farming, construction and forestry equipment.
The dollar fell versus major rivals Wednesday, allowing the euro to again fetch more than $1.50 as overall economic sentiment rebounded and the U.S. Federal Reserve showed no qualms about the U.S. unit's decline.
Stock futures point to a higher opening on Wall Street Wednesday, as investors continue to draw optimism from the Federal Reserve’s more upbeat outlook on the U.S. economy.
Gold futures climb to a record above $1182 an ounce as a report that India is open to buying more gold from the International Monetary Fund draws even more investors into the bullion market.
