 | | | | The Federal Reserve on Wednesday repeated its pledge to keep its target interest rate near zero for years to come after projecting a rapid jump in U.S. economic growth and inflation this year as the COVID-19 crisis winds down. | | | | | | The eurodollar and Fed funds markets, which track short-term interest rate expectations, on Wednesday reduced bets on the time frame of a potential tightening by the U.S. Federal Reserve after it dampened expectations of an early move. | | | | | | Coinbase Global Inc, the largest U.S. cryptocurrency exchange, said on Wednesday recent private market transactions had valued the company at around $68 billion this year ahead of a planned stock market listing. | | | | | | U.S. budget carrier Sun Country Airlines Holdings Inc plans to expand its fleet, staff and network this year after Wednesday's successful stock market debut, Chief Executive Jude Bricker told Reuters. | | | | | | Vodafone has priced shares in infrastructure unit Vantage Towers at 24 euros each, valuing the firm at 12.1 billion euros ($14.5 billion) in one of Europe's largest initial public offerings this year, Vantage Towers said. | | | | | | A gauge of global stocks gained on Wednesday and the U.S. dollar slid after the Federal Reserve repeated its pledge to keep its target interest rate near zero for years to come. | | | | | | The S&P 500 and Dow Jones Industrial Average closed at record highs on Wednesday after the Fed predicted a fast economic recovery from the coronavirus pandemic and said it would maintain its interest rate at close to zero. | | | | | | Japanese carmaker Honda Motor Co will temporarily suspend production at its plants in Mexico beginning on March 18 due to supply chain problems related in part to pandemic disruptions, a company spokesperson said Wednesday. | | | | | | Canadian police prioritized demands from the FBI over the rights of Huawei Chief Financial Officer Meng Wanzhou "at nearly every turn" during her investigation and arrest, Meng's lawyers said on Wednesday. | | | | | | The Federal Reserve on Wednesday projected a rapid jump in U.S. economic growth and inflation this year as the COVID-19 crisis winds down, and repeated its pledge to keep its target interest rate near zero for years to come. | | | | | |
