U.S. stocks rise after Powell says it is too soon to talk taper

Wall Street rose 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.

Fed sees growth surge, above-target inflation in 2021 but no change on rates

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.

FOMC: Accelerated growth seen, only slight change in tightening outlook

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.

Eurodollar, Fed funds futures pare back U.S. rate hike bets

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.

Robinhood appoints former Google executive as first chief product officer

Robinhood Markets Inc has appointed former Google executive Aparna Chennapragada as its first chief product officer, a blog post by the U.S. online brokerage showed on Wednesday.

Honda says will suspend production in Mexico from March 18

Japanese carmaker Honda Motor Co will temporarily suspend production at its plants in Mexico beginning on March 18 due to supply chain problems related to pandemic disruptions, a company spokesperson said on Wednesday.

Huawei CFO lawyer says Canadian police put FBI demands ahead of Meng's rights

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.

ViacomCBS, Discovery shares decline after recent records

Shares in ViacomCBS and Discovery Inc tumbled on Wednesday, pausing a rally that has seen the stocks soar this year on increased appetite for value names, newly launched streaming services and an unwinding of bearish investor bets.

Ford to allow some employees work-from-home flexibility

U.S. automaker Ford Motor said on Wednesday it would allow about 86,000 non-manufacturing global employees the option to move to a hybrid home-and-office model.

U.S. agency criticizes Hong Kong air carrier quarantine rules

The U.S. government warned it could limit flights by Hong Kong-based carriers that got a leg up on U.S. rivals after the Asian financial hub imposed quarantine rules that forced U.S. cargo carrier FedEx Corp to move some crews to San Francisco.

Eurodollar, Fed funds futures pare back U.S. rate hike bets

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.

Related Videos

Disneyland in California to reopen April 30

Coinbase valuation spikes to $68 billion

Looking for more?

Visit our business section for more deals, markets, legal and finance news.

Read more