Financial Market News
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2 hrs ago | Park Record
The Federal Reserve signaled Wednesday that it plans to keep a key interest rate at a record low for a considerable period because a broad range of U.S. economic measures remain subpar. The Fed said it intends to keep its benchmark rate near zero as long as inflation remains under control, until it sees consistent gains in wage growth, long-term unemployment and other gauges of the job market.
2 hrs ago | KIDK CBS 3
Wall Street may be able to exhale. The Federal Reserve is probably not going to raise interest rates until the summer of 2015 at the earliest.
2 hrs ago | Park Record
Information received since the Federal Open Market Committee met in July suggests that economic activity is expanding at a moderate pace. On balance, labor market conditions improved somewhat further; however, the unemployment rate is little changed and a range of labor market indicators suggests that there remains significant underutilization of labor resources.
3 hrs ago | Carlsbad Current-Argus
Investors have bought billions of euros in German treasury notes that pay negative interest - meaning the purchasers agreed to pay a small fee for the privilege of lending the German government their money. The negative yield is a sign of the stresses in the 18-country eurozone, where the economy is struggling to maintain a weak recovery.
6 hrs ago | KMIR 6
U.S. stocks edged higher in morning trading Wednesday as investors waited for a Federal Reserve statement on interest rates following a two-day meeting. Shares of Dupont and Fedex surged.
11 hrs ago | West Australian
Asian shares made guarded gains on Wednesday after Wall Street rebounded on speculation the Federal Reserve would maintain a pledge on low rates when a two-day policy meeting ends later in the session. The Dow hit a fresh record while the U.S. dollar took a knock after the Wall Street Journal's Fed watcher Jon Hilsenrath said the central bank would keep the words "considerable time" in its policy statement, though it might qualify them.
In this Thursday, Aug. 21, 2014 photo, Federal Reserve Chair Janet Yellen arrives for a dinner during the Jackson Hole Economic Policy Symposium at the Jackson Lake Lodge in Grand Teton National Park near Jackson, Wyo. Yellen will be pressed to clarify the Fed's intentions after the Fed issues its policy statement on Wednesday, Sept.
This photo shows a television screen displaying the French user interface of streaming giant Netflix, on September 15, 2014 in Paris. Today: Netflix debuts in Germany a day after France launch, but will U.S.-centric shows such as new Apatow purchase play well in Europe? Also: Tesla leads tech stocks to a rebound.
Stocks flitted between gains and losses through most of morning, then turned broadly higher in the afternoon on an increase in health care and utility stocks. The YGS Group provides digital and printed reprint services for Daily Herald.
Every six weeks or so, after the Federal Reserve holds a policy meeting, it issues a statement containing guidance to the financial world on when it might raise interest rates. The language the Fed has used has steadily evolved since it cut its benchmark short-term rate to a record low in 2008.
Britain's top share index fell on Tuesday, with financial stocks underperforming as investors showed reluctance to buy up new positions due to uncertainty before Scotland's independence vote on Thursday. The blue-chip FTSE 100 index was down by 0.5 percent, or 32.25 points, at 6,771.96 points by the middle of the trading day, with a fall in financial stocks taking the most points off the index.
Alibaba Is Hot . In a new SEC filing, Chinese e-commerce giant Alibaba raised its IPO pricing range to $66-$68 per share from $60-$66.
Consistently, one of the more popular stocks people enter into their stock options watchlist at Stock Options Channel is Travelers Companies Inc . So this week we highlight one interesting put contract, and one interesting call contract, from the January 2017 expiration for TRV.
Over the weekend, Barry Ritholtz sat down with Wall Street legend Laszlo Birinyi for his Masters in Business program on Bloomberg Radio. But though the market is in what Birinyi sees as its final stage, we're not done yet, as we haven't gotten a real take-off, or what many in the market would call a "blow off top."
It was a sleepy day on Wall Street Monday ... unless you happened to be looking at some high profile tech stocks, especially shares of social media companies. Facebook fell 4 percent.
The Toronto stock market closed lower Monday as mining stocks fell alongside metal prices in the wake of weak industrial data from China. U.S. markets were uneven with the Dow Jones industrials up 43.63 points to 17,031.14, while the Nasdaq was down 48.7 points at 4,518.9 and the S&P 500 index slipped 1.41 points to 1,984.13.
U.S. stocks were mixed in the early the afternoon Monday, ahead of this week's potentially pivotal Federal Reserve meeting. The Fed is nearing the end of its bond-buying stimulus program, and investors will be looking for clues about when the central bank will start raising interest rates.
Updated: Wed Sep 17, 2014 12:23 pm
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