NewswireJul 30
Bob Michele of J.P. Morgan Asset Management said the Federal Reserve’s decision on Wednesday to stay on hold was opposed by three members, suggesting that upward pressure on rates may persist. “The three dissenters in the most recent statement are the more imp…
NewswireJul 30
On Wednesday (July 29) in New York late trading, the euro rose more than 0.6% against the U.S. dollar, hitting a session high of 1.1467 after Fed Chair Wosh’s press conference ended. The British pound rose 0.51% against the dollar, while the Swiss franc gained…
NewswireJul 30
On the day the Federal Reserve announced it was holding rates steady, the S&P 500 closed down 112.63 points, or 1.52%, at 7,316.15. After a modestly lower open, U.S. stocks kept falling through the morning session, then began recovering from 00:17 Beijing time…
NewswireJul 30
Blackstone Group has agreed to acquire an Australian housing and private loan portfolio worth about A$36 billion, or about $25 billion, from HSBC Holdings. The deal will help Blackstone expand its credit and insurance businesses in the Asia-Pacific region and…
NewswireJul 30
According to CNBC, in a memo about margin targets, the Xbox CEO said Microsoft plans to raise Xbox’s profit margins to levels in line with its competitors.
NewswireJul 30
According to a Bloomberg report on July 30, several U.S. senators said in a joint letter to Apple CEO Tim Cook that Apple should not use memory chips made by the two Chinese companies in its products, even if those products are sold only in the China market. T…
NewswireJul 30
The Nasdaq Golden Dragon China Index rose 1.73% to 6,434.96, approaching its June 4 closing level of 6,597.34. It has now closed above its 50-day moving average for two straight sessions; that indicator currently stands at 6,272.15. The index is also nearing i…
NewswireJul 30
Microsoft reported fourth-quarter revenue of $90.01 billion, topping analysts’ estimate of $87.72 billion. Cloud revenue in the quarter was $59.3 billion, compared with analysts’ forecast of $58.71 billion. Azure and other cloud revenue, excluding the impact o…