Business > U.S.

Fed Signals Rate Hikes May Be Over For 2019

3 monthes ago   |   By NPR

The Federal Reserve left interest rates unchanged Wednesday and signaled that no more rate hikes may be necessary this year amid signs of economic slowing.
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Bank Stocks Decline After Fed Signals No More Interest Rate Increases in 2019

Bank Stocks Decline After Fed Signals No More Interest Rate Increases in 2019

4 monthes ago   |   By Fortune

The Federal Reserve signaled Wednesday that it's unlikely to raise interest rates for the rest of the year, prompting the stock prices of banks to decline.
In general, higher interest rates are positive for the profits of retail, commercial, and other banks, which earn interest on their substantial cash holdings in customer accounts. The announcement also caused the benchmark U.S. 10-year Treasury yield to fall to 2.52%, its lowest level in more than a year.
The S&P 500's financial services index fell 2.1% Wednesday to 434.40. Bank of America fell 3.4% to $28.64 a share, PNC Financial fell...
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Bernard Arnault is the second richest person in the world with a fortune of...

Bernard Arnault is the second richest person in the world with a fortune of $108 billion - here are 13 quotes that reveal his philosophy on money, success, and power

French billionaire Bernard Arnault became the second richest person in the world this week. The LVMH chairman and CEO has a reported net worth of $108 billion, more than Bill... Read more ...

At least 23 sailors are reportedly being held by Iran after 2 British...

At least 23 sailors are reportedly being held by Iran after 2 British tankers seized in Strait of Hormuz

Iran is reportedly holding at least 23 sailors after it seized a UK-flagged tanker, the Stena Impero, in the Strait of Hormuz. A second tanker, owned by a British shipping... Read more ...

ESPN's Dan Le Batard rips into racist 'send her back' chants during Trump...

ESPN's Dan Le Batard rips into racist 'send her back' chants during Trump rally, breaking from company's apolitical stance

ESPN's Dan Le Batard bucked company policy and ripped into President Donald Trump and people who chanted "send her back!" during a recent MAGA rally. Le Batard criticized ESPN... Read more ...

Cow slaughtered in Home Depot parking lot after escaping meat market

Cow slaughtered in Home Depot parking lot after escaping meat market

A young cow escaped slaughter at a Connecticut meat market - only to have its throat slit in public in Home Depot parking lot, according to a new report. Read more ...

Chewy slips after its inaugural earnings report as investors wonder if the...

Chewy slips after its inaugural earnings report as investors wonder if the stock is too expensive

Chewy slipped by as much as 7.5% on Friday after the company reported quarterly earnings for the first time since its June initial public offering. The online pet supply... Read more ...

The maker of Budweiser is selling off its $11 billion Australian business...

The maker of Budweiser is selling off its $11 billion Australian business after a failed IPO

Anheuser-Busch InBev , the brewer of Budweiser and Bud Light, is selling is Australia business to Asahi Group Holdings. Asahi Group is paying $11 billion for brands including... Read more ...

EA shares dropped after the gaming titan lost the rights to Ronaldo's...

EA shares dropped after the gaming titan lost the rights to Ronaldo's Juventus in FIFA 2020

Electronic Arts have lost the rights to use the club name "Juventus" in their upcoming FIFA 2020 game after the Italian giants signed an exclusive deal with Pro Evolution... Read more ...

‘My guys are f--- savages': Aaron Boone's tirade over umpire's strike zone...

‘My guys are f--- savages': Aaron Boone's tirade over umpire's strike zone gets caught on hot mics

New York Yankees manager Aaron Boone was ejected in the second inning of Game 1 of Thursday's doubleheader against the Tampa Bay Rays for arguing with rookie umpire Brennan... Read more ...

Stocks are jumping after two Fed officials signal rate cuts are coming - 'it...

Stocks are jumping after two Fed officials signal rate cuts are coming - 'it pays to act quickly'

World stocks jumped on Friday after comments from two Federal Reserve officials cemented traders' expectations of a cut to interest rates later this month. "You don't need to... Read more ...

Toys 'R' Us Is Coming Back But With A Different Approach

Toys 'R' Us Is Coming Back But With A Different Approach

More than a year after filing for bankruptcy, the chain is relaunching in Texas and New Jersey. Its new stores will feature spaces for toy demonstrations and events. Read more ...