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The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
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Elon Musk, the CEO of Tesla and SpaceX, tweeted early on Monday morning that he "just deleted" his Twitter account.Marketsread more
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Huawei CEO and founder Ren Zhengfei said that the Chinese tech company will report revenues of around $100 billion in 2019 and 2020, which would be flat growth versus 2018.Technologyread more
Bitcoin leapt across the $9,000 mark on Sunday, boosted by reports that Facebook is soon set to launch its own cryptocurrency.Cryptocurrencyread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
European markets closed higher Wednesday afternoon, as investors waited for the latest monetary policy decision from the U.S. Federal Reserve.
Looking at individual stocks, the Paris airports operator ADP rose more than 5 percent after the government said it would prepare for a sale of some of the company's assets. The company was leading the gains in Europe. Meanwhile, Just Eat dropped around 5 percent after the rival company Deliveroo said it is to let restaurants use their own riders.
All eyes were on the Fed Wednesday, as the central bank concludes its two-day June meeting. The Fed is widely expected to announce a rate hike, but investors will also be looking for clues on the path of rate hikes this year. The Fed's monetary committee will release a statement and economic projections at 2 p.m. ET (7 p.m. London time), followed by a press conference.
U.S. stocks inched upward Wednesday morning as Wall Street awaited the Federal Reserve's decision on monetary policy.
Investors are still assessing the historic meeting between U.S. President Donald Trump and North Korean leader Kim Jong Un on Tuesday. Following the meeting, Trump's decision to halt U.S.-South Korea "war games" — military exercises designed to keep forces prepared and in practice — appears to have caught some Republican lawmakers off guard. Trump characterized the exercises as "provocative" and "tremendously expensive."
—CNBC's Sara Salinas and Alex Sherman contributed to this report.