Stocks surge on Fed pledge to pause, dollar slips
The dollar slid and equities surged on Wednesday, fueled by Boeing and Apple’s results and extended after the Federal Reserve pledged to be patient with future interest rate hikes, a change in tone that stock investors interpreted as a buy signal.
JPMorgan CEO: ‘No problem’ paying higher taxes if used properly
JPMorgan Chase Chief Executive Officer Jamie Dimon, who leads one of Wall Street’s biggest banks, said on Wednesday that the ultra-rich could afford to pay more taxes as a wider political debate rages over increasing taxes for the wealthy.
Big thumbs-up from Wall Street after Fed signals patience on rates
U.S. stocks surged on Wednesday after the Federal Reserve said it would be patient in lifting borrowing costs further this year, reassuring investors worried about a slowing economy.
Fed leaves rates unchanged, says will be ‘patient’ on future hikes
The Federal Reserve held interest rates steady on Wednesday but said it would be patient in lifting borrowing costs further this year as it pointed to rising uncertainty about the U.S. economic outlook.
Instant View: Fed holds rates steady
The Federal Reserve held interest rates steady on Wednesday but said it would be patient in lifting borrowing costs further this year as it pointed to rising uncertainty about the U.S. economic outlook.
Traders add to bets against further Fed rate hikes
U.S. short-term interest-rate futures erased earlier losses and swung higher on Wednesday after the Federal Reserve said it will be “patient” on future interest rate hikes.
FOMC statement from January 29-30 meeting
Following is the full text of the statement released by the Federal Reserve’s Federal Open Market Committee on Wednesday following a two-day meeting:
Exclusive: EU considers proposals to exclude Chinese firms from 5G networks
The European Union is considering proposals that would effectively amount to a de-facto ban on Huawei Technologies Co. equipment for next-generation mobile networks, four senior EU officials said, adding to mounting international pressure on the world’s largest maker of telecom gear.
McDonald’s warns of headaches in 2019 as overseas business booms
McDonald’s Corp warned higher labor costs, expenses for remodeling stores and a stronger dollar would weigh on its earnings in 2019, after a strong performance outside the United States powered better-than-expected fourth quarter results.
Oil gains on tighter U.S. supply, Venezuela sanctions
Oil prices rose on Wednesday, as U.S. government data that showed signs of tightening supply and investors remained concerned about supply disruptions following U.S. sanctions on Venezuela’s oil industry.
