Tuesday was an up and down day on Wall Street with major market benchmarks ending the trading session mixed Issues drawing the most attention from investors included the status of U S trade negotiations with China the Fed decision on interest rates expected Wednesday afternoon
Read more here: Why Advanced Micro Devices, StoneCo, and Sibanye Gold Jumped Today
Happy 100th Junior Achievement This year marks a special occasion for Junior Achievement USA as it celebrates its centennial anniversary With its purpose to inspire 160 and prepare young people to succeed in a global economy Junior Achievement has come a long way from its
Read more here: Happy Centennial, Junior Achievement!
FedEx Corp on Tuesday cut its 2019 profit forecast for the second time in three months, sending its shares down 5 percent and fueling fresh worries it is losing ground in Europe to delivery rivals United Parcel Service Inc and Deutsche Post DHL Group.
Read more here: FedEx cuts 2019 forecast again, shares drop 5 percent
The benchmark S&P 500 index ended little changed on Tuesday as investor optimism regarding the Federal Reserve’s expected affirmation of its dovish policy stance was offset by reports of fault lines emerging in ongoing U.S.-China trade negotiations.
Read more here: Wall Street gives up gains on news of troubled trade talks
China-based music streaming company Tencent Music Entertainment Group on Tuesday posted an in-line quarterly adjusted profit, in its first earnings report since going public.
Read more here: Tencent Music meets profit estimates in first earnings report, shares fall
Mortgage rates were flat for the 4th day in a row today in a sign that investors have largely taken their seats for tomorrow’s big show. The Fed will release its new policy statement at 2pm tomorrow, and while they’re not expected to hike rates this time around, there are other important considerations that could have a big impact on rates. One of the considerations is the fact that March is one of the months where the Fed updates its economic projections. Investors largely tune-in to these for a glimpse at the collective rate hike outlook. This has caused big market movement in the past, but something else could be even more important tomorrow. The Fed has increasingly mentioned the impending end of its balance sheet runoff , which refers to its policy of NOT buying bonds with the money it
Read more here: For Rates, Tomorrow Brings Bigger Risks; Once Thought Inferior, Automated Appraisals Finding Their Place
Europe and Canada said they would seek their own guarantees over the safety of Boeing’s 737 MAX, further complicating plans to get the aircraft flying worldwide after they were grounded in the wake of two accidents killing more than 300 people.
Read more here: Stakes rise for Boeing as EU, Canada step up scrutiny of 737 MAX after crashes
Glossier Inc, the online cosmetics company with a cult following among millennials, was valued at over $1 billion in a latest funding round led by Sequoia Capital, joining a clutch of billion-dollar makeup brands that are powered by the founders’ social-media popularity.
Read more here: Makeup brand Glossier valued at over $1 billion in latest funding round
U.S. Transportation Secretary Elaine Chao said on Tuesday she had asked the department’s inspector general to audit the Federal Aviation Administration’s certification of the Boeing 737 MAX after two fatal crashes involving the jet since October.
Read more here: U.S. transportation chief seeks audit of Boeing 737 MAX certification