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Asian stocks sink after Wall Street dives on rate... Financial News
Asian stock markets sank Thursday after the Federal Reserve raised U.S. interest rates and Wall Street dived to a 15-month low. KEEPING SCORE: Tokyo's Nikkei 225 index fell 1.7 percent to 20,631.45 points and the Shanghai Composite Index lost 0.4 percent to 2,538.79.
Global Markets-World stocks and oil scramble high... Financial News
Global equity and crude oil markets attempted on Wednesday to claw their way out of a three-day long plunge that saw investors seek out the safety of bonds amid mounting pessimism over world growth. Oil's spectacular fall - down almost 10 percent since last Thursday - and world stocks' plunge to 19-month lows have prompted speculation the U.S. Federal Reserve might be done with tightening after its policy meeting later in the day.
Stocks skid to 15-month low after Fed raises rate... Financial News
Stocks gave up a big rally and took a dive in afternoon trading Wednesday after the Federal Reserve raised interest rates again and said it plans to keep raising them next year. The market finished at its lowest level since September 2017.
The Latest: Markets turn lower after Fed raises r... Financial News
Federal Reserve Chairman Jerome Powell says that future interest rate decisions will likely depend more on newly released economic data than in the recent past. This would allow the Fed greater flexibility but could lead to more uncertainty in financial markets.
FedEx just slashed its 2019 forecast because of '... Financial News
FedEx Express' goal of achieving an operating income of $1.5 billion by fiscal 2020 won't be achieved, the company said in its earnings report on Tuesday. The Memphis, Tennessee-based company also dropped its 2019 earnings guidance to $15.50 to $16.60 per share.
The Latest: Markets edge up as investors eye Fed ... Financial News
Employees look at monitors at Tokyo Stock Exchange in Tokyo, Wednesday, Dec. 19, 2018. Asian stocks were mixed on Wednesday, as traders mulled over the Federal Reserve's interest rate decision and weaker-than-expected Japanese trade data.
Cee Markets-Currencies weaken, Hungarian central ... Financial News
Many investors expect the Federal Reserve to signal an economic slowdown at its Dec. 18-19 meeting, but Tuesday's Polish data showed continued fast growth in wages were not expected to lead to a more hawkish monetary policy stance in Warsaw, either. Central European currencies including the forint and the zloty slipped against the euro, falling less than 0.1 percent by 0948 GMT in slow trade.
Markets Right Now: Plunging oil price sinks energ... Financial News
In this Nov. 20, 2018, file photo an American flag flies outside New York Stock Exchange. Stocks are opening solidly higher on Wall Street as the market claims back some of the ground it lost in steep drops over the previous two days.
Stocks waver as plunging oil prices pull energy s... Financial News
After two days of huge losses, U.S. stocks ended the day back where they started on Tuesday. Energy companies sank as crude oil plunged 7 percent, but technology and consumer-focused companies climbed.
Stock market woes raise a nagging fear: Is a rece... Financial News
Fears of a recession have been mounting with the U.S. stock market appearing to be headed for its worst December since 1931 - during the Great Depression. Wall Street's sustained slump has been fueled by investor concerns about lower corporate profits, higher corporate debt, a festering trade war between the United States and China and a broader global slowdown.
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