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Updated: 8 min 23 sec ago
U.S. crude oil prices dipped Wednesday on oversupply after news that Saudi Arabia King Salman changed the kingdom's line of royal succession in a dramatic reshuffle, replacing his half-brother as crown prince with his nephew.
Time Warner posted a nearly 5% increase in quarterly revenue, helped mostly by higher subscription fees from its Turner Broadcasting and Home Box Office networks.
U.S. equity futures fell sharply into negative territory Wednesday morning after data showed weak consumer spending helped cool first-quarter economic growth, and as traders continued to look ahead to the FOMC statement at 2 p.m. ET.
World stock markets were uneven Wednesday as investors waited for a U.S. growth report that is expected to provide the latest sign of slowing momentum in the world's biggest economy and a Fed policy statement.
The dollar moved lower against most other major currencies on Wednesday, with investors cautious of moving into the greenback ahead of the interest-rate statement from the U.S. Federal Reserve.
Despite reports to contrary, China's central bank is not planning to buy up local-government bonds, Reuters reported Tuesday, citing comments to local media by People's Bank of China chief economist Ma Jun.