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Dollar Climbs Higher As Fed Raises Rates And Signals More Sharp Hikes
The U.S. dollar climbed higher and hit a fresh two-decade high on Wednesday, as the Federal Reserve raised interest rates by 75 basis points and signaled a few more sharp increases in the coming months.
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vor 948 Tagen
Fed Raises Interest Rates By Another 75 Basis Points, Signals More Rate Hikes
The Federal Reserve announced its highly anticipated monetary policy decision on Wednesday, raising interest rates by another three-quarters of a percentage point. Citing its dual goals of maximum employment and inflation at a rate of 2 percent over the longer run, the Fed decided to raise its target range for the federal funds rate by 75 basis points to 3 to 3.25 percent.
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vor 949 Tagen
Swiss Market Ends Weak After Cautious Session
The Switzerland stock market ended on a weak note on Wednesday, in contrast to the trend seen in most of the markets across Europe.
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vor 949 Tagen
European Stocks Close Higher Ahead Of Fed Rate Decision
Despite concerns about economic slowdown, rising interest rates and geopolitical tensions, European stocks moved higher on Wednesday.
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vor 949 Tagen
Technology Stocks Lifting Canadian Market Modestly Higher
The Canadian market is modestly higher around noon on Wednesday, led by gains in technology stocks.
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vor 949 Tagen
U.S. Existing Home Sales Edge Down Much Less Than Expected In August
After reporting sharp decreases in U.S. existing home sales over the past several months, the National Association of Realtors released a report on Wednesday showing existing home sales edged down by much less than expected in the month of August.
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vor 949 Tagen
WPP Group Acquires JeffreyGroup In Latin America For Undisclosed Terms
WPP Group Plc (WPP.L, WPPGY), a British mass media firm, announced Wednesday the acquisition of JeffreyGroup, one of the most respected independent corporate communications, public affairs, and marketing consulting firms in Latin America.
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vor 949 Tagen
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TD Bank, Target Extend U.S. Credit Card Partnership Through 2030
TD Bank (TD, TD.TO), America's Most Convenient Bank, announced Wednesday a multi-year contract extension with Target Corp. (TGT), in which TD will continue to be the exclusive issuer of Target co-branded and private label consumer credit cards.
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vor 949 Tagen
Cheniere Energy, Cheniere Energy Partners Name Corey Grindal As EVP And COO
Cheniere Energy, Inc. (LNG) and Cheniere Energy Partners, L.P. (CQP) announced Wednesday the promotion of Corey Grindal to Executive Vice President and Chief Operating Officer, effective January 2, 2023.
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vor 949 Tagen
Euro Weakens As Putin Mobilizes Russian Troops For Invasion Of Ukraine
The euro lost ground against its key counterparts on Wednesday, as President Vladimir Putin ordered to partially mobilise troops in Russia and warned that if West continued its "nuclear blackmail" Moscow would respond with all available means" to defend its territory.
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vor 949 Tagen
Pacira BioSciences Reports Positive Topline Data From Phase 3 Study Of EXPAREL
Pacira BioSciences, Inc. (PCRX) announced Wednesday positive topline results from its Phase 3 study of EXPAREL as a single-dose sciatic nerve block in the popliteal fossa for postsurgical regional analgesia in patients undergoing bunionectomy.
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vor 949 Tagen
Firm Commodity Prices Pointing To A Positive Start On Bay Street
Canadian shares are likely to open higher Wednesday morning, tracking firm crude oil and bullion prices.
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vor 949 Tagen
Sensex, Nifty Fall Ahead Of Fed Decision; FMCG Stocks Buck Trend
Indian shares followed global peers lower on Wednesday, as investors awaited the U.S. Federal Reserve's much-anticipated interest-rate decision later in the day.
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vor 949 Tagen
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