The Federal Reserve is expected to cut interest rates by a quarter of a percentage point on Wednesday as policymakers steer the U.S. economy based on limited data that has nevertheless kept concerns about the strength of the job market top of mind. Economists were nearly unanimous in expecting the U.S. central bank to reduce its benchmark policy rate to the 3.75%-4.00% range when its latest two-day meeting concludes. Learn More

Boeing pushed the first delivery of its long-delayed 777X jet program to 2027 and took a bigger-than-expected $5 billion charge on Wednesday, in another setback for the U.S. aerospace company. The 777X is critical to Boeing’s long-term widebody strategy, previously dominated by its 747 and 777 jets. But repeated certification and production delays have pushed back deliveries by years, piling up charges of over $15 billion and straining the company's finances, while giving a

Saudi Arabia is preparing to shift its $925 billion sovereign wealth fund away from a focus on real estate gigaprojects that have dominated its development goals for the last decade, a source with direct knowledge of the plans told Reuters. Crown Prince Mohammed bin Salman, the de facto ruler of Saudi Arabia, known as MbS, introduced his Vision 2030 plan in 2016 to transform the economy with a focus on large real-state projects. Learn More