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Instant view: Analysts react to fed rate hike

September 26, 2018 by  
Filed under News

The U.S. Federal Reserve raised interest rates on Wednesday, as expected, and left its monetary policy outlook for the coming years largely unchanged amid steady economic growth and a strong job market.


Source: Reuters Business News

Fed raises rates, sees at least three more years of economic growth

September 26, 2018 by  
Filed under News

The Federal Reserve raised interest rates on Wednesday, as expected, and forecast three more years of economic growth as the U.S. central bank left its policy for steady rate rises in place.


Source: Reuters Business News

Traders keep bets on U.S. Fed's 2019 interest rate rises

September 26, 2018 by  
Filed under News

Traders of U.S. short-term interest-rate futures on Wednesday stuck with bets the Federal Reserve will raise rates once more this year and two times next year even after the central bank released forecasts flagging a slightly steeper rate hike path.


Source: Reuters Business News

Wall Street extends gains, eyes end of rate-hike cycle

September 26, 2018 by  
Filed under News

U.S. stocks extended gains on Wednesday after a widely expected interest rate hike by the U.S. Federal Reserve and as investors bet that the central bank is approaching the end of a cycle of tightening monetary policy.


Source: Reuters Business News

U.S. new home sales rebound, but trend weakening

September 26, 2018 by  
Filed under News

Sales of new U.S. single-family homes rebounded in August after two straight monthly declines, but the underlying trend still pointed to a weakening housing market against the backdrop of rising mortgage rates and higher home prices.


Source: Reuters Business News

Wall Street mixed as chip stocks tumble and energy climbs

September 25, 2018 by  
Filed under News

U.S. stocks were mixed on Tuesday as a boost from the energy sector and strong consumer confidence data helped offset losses in chipmakers and utilities ahead of an expected Federal Reserve interest rate hike.


Source: Reuters Business News

Michael Kors makes high-end fashion statement with $2.2 billion Versace buy

September 25, 2018 by  
Filed under News

Michael Kors agreed to buy luxury designer Versace for 1.83 billion euros ($2.15 billion) including debt on Tuesday, as the U.S. fashion group positions itself to take on larger European rivals.


Source: Reuters Business News

Versace sale turns up heat on fashion's independent outliers

September 25, 2018 by  
Filed under News

Michael Kors’ swoop on Versace leaves a shrinking universe of fashion brands determined to go it alone and fend off luxury empire builders, raising the pressure on those struggling financially to lift sales or sell out.


Source: Reuters Business News

Qualcomm accuses Apple of stealing its secrets to help Intel

September 25, 2018 by  
Filed under News

Qualcomm Inc on Tuesday accused Apple Inc of stealing its chip-making secrets and giving them to rival Intel Corp, paving the way for Apple to switch to Intel’s improved semiconductors, which may have cost Qualcomm billions of dollars in lost sales.


Source: Reuters Business News

Dunkin' drops 'Donuts' from name in shift to coffee

September 25, 2018 by  
Filed under News

Dunkin’ Donuts said on Tuesday it plans to rebrand itself as “Dunkin'” as part of new CEO Dave Hoffman’s plans to bring beverages and breakfast meals to the forefront of the restaurant chain’s menu.


Source: Reuters Business News

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