U.S. Fed sees no strong case for hiking or cutting rates
The U.S. Federal Reserve on Wednesday held interest rates steady and signaled little appetite to adjust them any time soon, taking heart in continued job gains and economic growth and the likelihood that weak inflation will edge higher.
U.S. House panel will hold May 15 hearing on grounded Boeing 737 MAX
The U.S. House Transportation and Infrastructure Committee will hold a May 15 hearing on the grounded Boeing 737 MAX and the Federal Aviation Administration’s (FAA) aircraft certification program, three people briefed on the matter said on Wednesday.
Apple’s upbeat forecast pushes market value back toward $1 trillion
Apple Inc shares rose nearly 5 percent on Wednesday, pushing the iPhone maker’s market valuation back toward $1 trillion as its quarterly report and upbeat forecast soothed investors worried about falling iPhone sales.
Fitbit results beat Street as demand for wearable devices climb
Wearable device maker Fitbit Inc reported better-than expected first-quarter results and reaffirmed its full-year revenue forecast on Wednesday, as it sells more smartwatches and wearable devices that track health at affordable prices.
Wall Street drops after Fed chair dampens rate-cut hopes
U.S. stocks ended lower on Wednesday and the S&P 500 snapped a three-day streak of record high closes as comments from Federal Reserve Chairman Jerome Powell appeared to dampen hopes the central bank could move later this year to cut interest rates.
Qualcomm hangs on to most Apple gains after earnings report
Qualcomm Inc shares fell about 3.5% on Wednesday as investors got their first look at the bottom line impact of a patent fight settlement with Apple Inc, including a multibillion dollar one-time payment and more modest future patent fees.
Traders see fading prospects for Fed rate cut
Traders of U.S. short-term interest rate futures trimmed bets the Federal Reserve would cut rates before the end of the year after Fed Chairman Jerome Powell poured cold water on the idea.
U.S. Fed says no strong case for hiking or cutting rates
The U.S. Federal Reserve on Wednesday held interest rates steady and signaled little appetite to adjust them any time soon, taking heart in continued job gains and economic growth and the likelihood that weak inflation will edge higher.
Fitbit quarterly results beat Street as it sold more wearable devices
Wearable device maker Fitbit Inc reported better-than expected first-quarter results on Wednesday, benefiting from higher sales of its smartwatches and wearable devices that track daily activities.
World stocks fall, dollar gains on Powell comments
Global equities lost ground on Wednesday, snapping a three-day winning streak after the U.S. Federal Reserve held rates steady as expected but comments from Fed Chairman Jerome Powell cast doubt on whether the central bank’s next move would be a rate c…
