Chinese tech giant Tencent reported Wednesday better-than-expected quarterly revenue, helped by growth in ads within its growing “video accounts” business.
Wells Fargo lists financial instability as biggest economic risk post-Fed decision
“The Fed is not really giving enough credence to the idea that tighter credit means things weaken in a fairly quick manner,” Wells Fargo’s Mike Schumacher says.
Stocks making the biggest moves after hours: Steelcase, Coinbase, KB Home and more
These are the stocks posting the largest moves in extended trading.
Markets saw a dovish Fed hike but Powell’s warning on credit conditions spooked investors
Fed Chairman Jerome Powell said financial conditions could be tighter than they seem, indicating to some market pros that rate hikes could be coming to an end.
Regional bank shares fall as Fed persists with rate hikes despite industry turmoil
Regional bank stocks have been closely followed in recent days amid concerns over the broader sector.
Fed hikes rates by a quarter percentage point, indicates increases are near an end
The Federal Reserve on Wednesday released its decision on interest rates following a two-day meeting.
The IRS plans to tax some NFTs as collectibles — and the rich would pay up to 28% on profits
The IRS intends to tax some non-fungible tokens as collectibles, it said in a notice Monday. Profits carry a higher top tax rate than stocks and crypto.
The Fed forecasts just one more rate hike this year
The Fed will hike interest rates just one more time in 2023 before the central bank ends its battle against inflation, according to its median forecast.
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on Feb. 1.
Stocks making the biggest moves midday: Nvidia, First Republic, Nike, GameStop and more
These are the stocks posting the largest moves in midday trading.