Fitbit results beat Street as demand for wearable devices climbWearable device maker Fitbit Inc reported better-than expected first-quarter results and reaffirmed its full-year revenue forecast on Wednesday, as it sells more smartwatches and wearable devices that track health at affordab…Read More
Traders see fading prospects for Fed rate cutTraders of U.S. short-term interest rate futures trimmed bets the Federal Reserve would cut rates before the end of the year after Fed Chairman Jerome Powell poured cold water on the idea.
from Reuters: Business News htt…Read More
Fed keeps interest rates steady as U.S. economy motors alongThe Federal Reserve held interest rates steady on Wednesday as policymakers took heart in continued U.S. job gains and economic growth and held out hope that weak inflation will edge higher.
from Reuters: Business News h…Read More
Wall Street drops after Fed chair dampens rate-cut hopesU.S. stocks ended lower on Wednesday and the S&P 500 snapped a three-day streak of record high closes as comments from Federal Reserve Chairman Jerome Powell appeared to dampen hopes the central bank could move later this…Read More
World stocks fall, dollar gains on Powell commentsGlobal equities lost ground on Wednesday, snapping a three-day winning streak after the U.S. Federal Reserve held rates steady as expected but comments from Fed Chairman Jerome Powell cast doubt on whether the central bank's …Read More
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