Fed keeps rates on hold, points to ‘favorable’ economic outlook next year

Fed keeps rates on hold, points to ‘favorable’ economic outlook next year
WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs will not change anytime soon, with moderate economic growth and historically low unemployment expected to persist through the 2020 presidential election. Federal Reserve Chair Jerome Powell holds a news conference following the Federal Open Market Committee meeting in Washington, U.S., December 11, 2019.... Read More

Home Depot says peak investments to pressure 2020 margins

Home Depot says peak investments to pressure 2020 margins
(Reuters) – Home Depot Inc (HD.N), the No. 1 U.S. home improvement chain, on Wednesday forecast 2020 sales below Wall Street expectations and said major investments in its online overhaul program would pressure margins next year. The logo of Down Jones Industrial Average stock market index listed company Home Depot is seen in Encinitas, California April 4, 2016. REUTERS/Mike Blake... Read More

Fed keeps interest rates on hold amid ‘favorable’ economic outlook

Fed keeps interest rates on hold amid ‘favorable’ economic outlook
WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, with moderate economic growth and low unemployment expected to continue through next year’s presidential election. Federal Reserve Chair Jerome Powell holds a news conference following the Federal Open Market Committee meeting in Washington, U.S., December 11, 2019.... Read More

Wall Street edges up after Fed holds rates steady

Wall Street edges up after Fed holds rates steady
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., December 21, 2016. REUTERS/Andrew Kelly/File Photo NEW YORK (Reuters) – Wall Street’s main stock indexes ended modestly higher on Wednesday after the U.S. Federal Reserve held interest rates steady and signaled that borrowing costs are likely to remain unchanged indefinitely.... Read More

Global stocks extend gains after Fed keeps rates on hold; oil falls

Global stocks extend gains after Fed keeps rates on hold; oil falls
NEW YORK (Reuters) – Global equity markets rose on Wednesday after the Federal Reserve indicated interest rates would remain on hold for some time – a positive for risk assets – while oil prices fell after data showed an unexpected increase in U.S. crude inventories. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in... Read More

CEO of GM’s Cruise driverless vehicle unit hints at offering low-cost shared rides

CEO of GM’s Cruise driverless vehicle unit hints at offering low-cost shared rides
(Reuters) – The chief executive of autonomous vehicle company Cruise signaled on Wednesday the General Motors Co (GM.N) subsidiary intends to offer shared rides “at a radically lower cost” as part of a bid to move eventually “beyond the car.” FILE PHOTO: A Cruise self-driving car, which is owned by General Motors Corp, is seen outside the company’s headquarters in... Read More

Fed keeps interest rates on hold amid ‘favorable’ outlook

Fed keeps interest rates on hold amid ‘favorable’ outlook
WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, with moderate economic growth and low unemployment expected to continue through next year’s presidential election. Federal Reserve Chair Jerome Powell holds a news conference following the Federal Open Market Committee meeting in Washington, U.S., December 11, 2019.... Read More

Goldman Sachs names new head of Johannesburg office

Goldman Sachs names new head of Johannesburg office
FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., December 18, 2018. REUTERS/Brendan McDermid/File Photo JOHANNESBURG (Reuters) – U.S. investment bank Goldman Sachs (GS.N) has appointed Jonathan Penkin as head of its Johannesburg office, the bank’s base for sub-Saharan Africa... Read More

Fed leaves interest rates unchanged, expects moderate economic growth in 2020

Fed leaves interest rates unchanged, expects moderate economic growth in 2020
WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, with moderate economic growth and low unemployment expected to continue through next year’s presidential election. FILE PHOTO: Federal Reserve Board Chairman Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on the “Semiannual... Read More