While you were sleeping: Second-guessing the Fed
By Margreet Dietz June 16 (BusinessDesk) - Wall Street and US Treasuries retreated a day after the Federal Reserve announced an increase in interest rates as investors second-guessed the central bank’s assessment of the outlook for inflation. “The fact that the Fed is tight...
While you were sleeping: Fed lifts rates
By Margreet Dietz June 15 (BusinessDesk) - Wall Street gave up earlier gains after the Federal Reserve announced its second interest rate increase this year, signalling another rate hike as well as a start to trimming its balance sheet this year. “Our decision to make anoth...
While you were sleeping: Dow rises to record
By Margreet Dietz June 14 (BusinessDesk) - Wall Street gained, pushing the Dow Jones Industrial Average to a record high, as Federal Reserve policy makers started a two-day meeting after which they are widely expected to announce an increase in interest rates. "The expecta...
While you were sleeping: Tech stocks slide
By Margreet Dietz June 13 (BusinessDesk) - Wall Street declined as shares of tech stocks including Apple fell amid concern about valuations, while oil gained. Apple shares slid after Mizuho Securities downgraded its rating on the iPhone maker to "neutral" from "buy," and cu...
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