Wednesday, 19 June 2019

Fed keeps interest rates steady, signals potential rate cuts in 2019 as pressure mounts

The Federal Reserve on Wednesday held rates steady and raised the prospect for two potential rates cuts this year, as policy makers continue to weigh the right time to act amid concerns over President Donald Trump's trade policies.
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Fed keeps interest rates steady, signals potential rate cuts in 2019 as pressure mounts
The Federal Reserve on Wednesday held rates steady and raised the prospect for two potential rates cuts this year, as policy makers continue to weigh the right time to act amid concerns over President Donald Trump's trade policies. Read more »
 
Will the Fed boost or disappoint markets? Stocks to open flat as investors await Powell
Stock futures are pointing at a flattish open on Wednesday, ahead of the highly anticipated Federal Reserve meeting. Chairman Jerome Powell is expected to indicate an interest rate cut for next month. Or so the market hopes. Read more »
 
Slack's stock will soon start trading. Here's what you need to know about the non-IPO
Slack shares are set to start trading Thursday on the New York Stock Exchange. But don't call it an IPO. Read more »
 
Blackstone CEO says the trade war won't cause a US recession in 2020
One of America's top investors believes the trade war with China won't do enough damage to push the US economy into recession. Read more »
 
Best Buy will repair Apple iPhones and MacBooks at all of its stores
Best Buy has succeeded during the online shopping era by beefing up its customer service. Once again, the retailer will lean on its customer service chops by expanding its partnership with Apple to offer repairs on iPhones and MacBooks at all of its stores. Read more »
 
US Steel is idling plants, despite tariffs designed to save them
Pain has returned to the US steel industry, despite the tariffs put on imported steel last year that were designed to help. Read more »
 
 
 
 
Dow Nasdaq S&P
+38.46   +33.44   +8.71
26,504.00   7,987.32   2,926.46
+0.15%   +0.42%   +0.30%
YTD +13.62%   YTD +20.38%   YTD +16.74%
 
Biggest Winners
Allergan plc +6.23%
 
Iqvia Holdings Inc +5.89%
 
Adobe Inc +5.21%
 
Lamb Weston Holdings Inc +3.99%
Biggest Losers
SVB Financial Group -3.20%
 
Albemarle Corp -2.59%
 
Charles Schwab Corp -2.49%
 
Mosaic Co -2.45%
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NYSE Market Volume
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Key Market Stats Latest Today's Change
Oil $54.18 +0.42 / +0.78%
Gold $1,364.40 +15.60 / +1.16%
10-yr 2.03% -0.03
Euro $1.12 +0.00 / +0.25%
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