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Fed Members Support Status Quo on Policy Outlook, Minutes Show By Investing.com

By Yasin Ebrahim Federal Reserve policymakers continued to back the status quo of near-zero rates and bond purchases to support the recovery as vaccines are rolled out across the country, according to the minutes of the central bank's last policy meeting released Wednesday. At the conclusion of its previous meeting on Dec. 16, the Federal Open Market Committee kept its benchmark rate in...

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Fed says changes to bond-buying hinge on ‘qualitative’ call on economy By Reuters

By Howard Schneider, Jonnelle Marte and Ann Saphir WASHINGTON (Reuters) - The Federal Reserve was nearly unanimous in its decision last month to leave its bond-buying program unchanged, but left a wide berth for officials in the future to decide if and when changes should be made, according to minutes of the U.S. central bank's policy meeting last month. "All participants" in...

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Dow Hits Record on Stimulus Bets as Democrats Close in on Senate Victory By Investing.com

By Yasin Ebrahim Investing.com – The Dow hit a record high Wednesday, as hopes for further fiscal stimulus overshadowed fears of increased regulations on big tech and higher taxes as Democrats close in on victories in the Georgia runoff elections that will give them control of the Senate. The Dow Jones Industrial Average surged 1.93%, or 587 points. The S&P 500 was up...

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Canada shares higher at close of trade; S&P/TSX Composite up 1.35% By Investing.com

Investing.com – Canada equities were higher at the close on Wednesday, as gains in the Healthcare, Clean Technology and Consumer Discretionary sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite added 1.35% to hit a new 6-month high. The biggest gainers of the session on the S&P/TSX Composite were Cronos Group Inc (TSX:CRON), which rose 19.12% or 1.83...

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U.S. mulling to add Alibaba, Tencent to China stock ban – WSJ By Reuters

(Reuters) - U.S. officials are considering prohibiting Americans from investing in Alibaba (NYSE:BABA) Group Holding Ltd and Tencent Holdings Ltd (HK:0700), the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The plan is still under deliberation and may not go through as agencies debate its impact on...

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Brexit delays leave M&S fresh food shelves empty in Dublin By Reuters

DUBLIN (Reuters) - British retailer Marks & Spencer said Britain's withdrawal from European Union trade rules last week was responsible for near-empty fresh-food aisles at some of its Irish stores on Wednesday. Aisles selling fruit and vegetables and some fresh pre-made meals were almost empty at one Marks & Spencer store in Dublin. Pictures posted on Twitter by journalists showed similar scenes...

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U.S. Economy Seen Getting Boost as Democrats Near Georgia Sweep By Bloomberg

(Bloomberg) -- Chances of another federal stimulus package are set to get a boost with Democrats close to sweeping this week’s Senate runoff elections in Georgia, offering the prospect of more support for people and businesses hammered by the pandemic. With Raphael Warnock defeating Kelly Loeffler, and Jon Ossoff close to prevailing over David...

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NYSE to delist three Chinese telecoms in dizzying about-face By Reuters

By John McCrank and Anirban Sen (Reuters) -The New York Stock Exchange said on Wednesday it will delist three Chinese telecom companies, confirming its latest reversal on the matter a day after U.S. Treasury Secretary Steve Mnuchin told the NYSE chief he disagreed with an earlier decision to reverse the delistings. The latest move, which is effective Jan. 11, marks the third...

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