Wednesday 31 January 2018

Daily Investor Update: Fed leaves rates unchanged, sees inflation rising this year

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Wednesday, January 31, 2018
Fed leaves rates unchanged, sees inflation rising this year
WASHINGTON (Reuters) - The U.S. Federal Reserve kept interest rates unchanged on Wednesday but said inflation likely would rise this year, bolstering expectations borrowing costs will continue to climb under incoming central bank chief Jerome Powell.
Instant View: Fed leaves rates unchanged, sees inflation firming
(Reuters) - The U.S. Federal Reserve kept interest rates unchanged on Wednesday but said it anticipated inflation would rise this year, in a sign it is still on track to raise borrowing costs again in March under incoming central bank chief Jerome Powell.
CBS board to discuss potential Viacom merger on Thursday: sources
(Reuters) - CBS Corp's board is expected to discuss a merger with Viacom Inc on Thursday, sources told Reuters, a move that could begin a formal process to reunite the companies split by controlling shareholder Sumner Redstone more than a decade ago.
AT&T quarterly profit rises, helped by tax cuts
NEW YORK (Reuters) - AT&T Inc said on Wednesday that quarterly profit rose, helped by tax cuts and subscriber additions.
Facebook revenue jumps 47 percent on soaring mobile ad sales
(Reuters) - Facebook Inc reported a 47 percent jump in quarterly revenue on Wednesday, as the social media company's mobile ad business got a boost from its focus on videos and improved targeting.
Mondelez quarterly revenue rises 3 percent
(Reuters) - Mondelez International Inc , the world's second-largest confectionary company, on Wednesday reported a 3 percent rise in quarterly revenue, fueled by strong demand for its key brands like Cadbury Dairy Milk and Oreo cookies.
Qualcomm reports quarterly loss on $6 billion tax charge
(Reuters) - Qualcomm Inc on Wednesday reported a loss for the first fiscal quarter as the chipmaker took a $6 billion one-time charge because of new U.S. tax laws.
Microsoft reports loss on tax charge
(Reuters) - Microsoft Corp reported a quarterly loss on Wednesday, hurt by a $13.8 billion charge related to U.S. tax reform.
Wall St. ends little changed on inflation skittishness
NEW YORK (Reuters) - U.S. stocks finished little changed on Wednesday as indexes gave up early gains after the Federal Reserve said it sees inflation rising this year, signaling it remains on track to boost interest rates again in March.
Nasdaq quarterly profit tops views, keeps focus on tech
(Reuters) - Nasdaq Inc on Wednesday posted a higher-than-expected fourth-quarter profit, helped by a rise in revenues from non-trading related businesses, which the transatlantic exchange operator has made a bigger part of its strategic focus.
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