The decision to prohibit hydraulic fracturing in New York state Wednesday exposed the deep divisions over the issue and highlighted the political tightrope Gov.
Photo. An Ikea store on the outskirts of Moscow. The collapse of the ruble has triggered a spending spree. Credit Pavel Golovkin/Associated Press.
NEW YORK (Reuters) - The S&P 500 scored its best day since October 2013 on Wednesday as the Federal Reserve gave an upbeat assessment of the economy and said it would take a patient approach toward lifting interest rates.
WASHINGTON (Reuters) - U.S. consumer prices recorded their biggest drop in nearly six years in November as gasoline prices tumbled, but did little to change views the Federal Reserve would start raising interest rates in mid-2015.
FedEx's second-quarter earnings soared 23 percent, but it missed Wall Street forecasts because of a lower-than-expected benefit from falling fuel prices.