Google has suspended business activity involving the transfer of hardware, software and key technical services with Huawei. Analysts say that could be a big blow to the...Technologyread more
Huawei Technologies will immediately lose access to updates to the Android operating system, a source close the matter told Reuters.Technologyread more
Huawei claims it has developed its own operating system for smartphones and laptops for "extenuating circumstances."Technologyread more
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Oil prices jumped on Monday after Saudi Energy Minister Khalid al-Falih indicated there was a consensus among OPEC and allied oil producers to continue limiting supply.Energyread more
Bank, property and healthcare stocks jumped, pushing Australian markets to a 11-year high, as Scott Morrison and the Liberal-led conservation government are poised for a...World Marketsread more
Trump's threat, posted on Twitter, comes amid rising international tensions in the Middle East as the U.S. has dispatched a carrier strike group and bomber task force to the...Politicsread more
Prime Minister Narendra Modi and his Bharatiya Janata Party are set to form the new government again, exit polls from India's month-long parliamentary elections show. But past...Electionsread more
The latest crisis in the uneasy French-German relationship was accelerated by Trump's decision to stop Germany's comfortable and decades-old free-riding on trade and security...Europe Politicsread more
While some fans of the long-running "Game of Thrones" felt satisfied by the show's final bow, others were quick to express their displeasure with how events unfolded.Entertainmentread more
Stocks in Asia were mostly higher on Monday amid rising tensions between the U.S. and China.Asia Marketsread more
The Fed surprised markets by turning the first rate hike in nine years into a relative nonevent for markets.
"I think the market pretty much had a lot of it built in. There were no surprises, which I think is a good thing. Now we can stop worrying about when we're going to get a rate hike because we already had that now," said Randy Frederick, managing director, trading and derivatives at Charles Schwab. "I've said I thought there was a good chance we could have a solid two week rally into the end of the year."
The Fed had convinced markets that it would raise rates by a quarter at its December meeting and continue to deliver a relatively dovish message about the future path of rate hikes. It did both Wednesday afternoon, ending seven years of a near-zero fed funds rate.
"It took them long enough. It took from September to now to turn it into a non-event," said John Briggs, head of strategy at RBS. The Fed surprised some in the markets when it held off on a rate hike in September because of concerns about financial conditions and international developments.