Source: Federal Reserve The United States is set to tighten monetary policy further after the 75 basis points hike this week, citing inflationary risks and pressures on global economic activity. QQQ is down 2.22%, and SPY is down 1.98% premarket. The Federal Open Market Committee has hiked its federal funds target range to 1.5% to 1.75% and sees that ongoing increases … [Read more...] about Federal Reserve Hints at Further Policy Tightening After 75-Basis Point Hike
Forex News
Robinhood Shares Fall on Atlantic Equities Downgrade
Source: Seeking Alpha Shares of American financial services firm Robinhood Markets slipped on Wednesday following a rating downgrade from Atlantic Equities. HOOD is down 3.53%, while COIN is up 3.23%. Robinhood shares fell by 2.6% on premarket trading and fell even lower by 4.36% when the market officially opened.The decline comes after Atlantic Equities analyst John … [Read more...] about Robinhood Shares Fall on Atlantic Equities Downgrade
European Central Bank Eyes New Anti-Fragmentation Instrument
Source: CNBC The European Central Bank is eyeing to establish a new tool that will ease fragmentation risks in the eurozone as it seeks to address debt crisis concerns. EZU is up 1.99%, while VGK is up 1.83%. The ECB said it will reinvest availments on its emergency bond purchasing program to fast-track the design of a new anti-fragmentation instrument.ECB Executive Board … [Read more...] about European Central Bank Eyes New Anti-Fragmentation Instrument
Coca-Cola Defers Listing of African Unit
Source: Coca-Cola The carbonated soft drink giant Coca-Cola Company has deferred plans to list in Africa, citing macroeconomic factors. KO is down 3.20%, while PEP is down 2.15%. The firm announced the delay in the listing of its unit Coca-Cola Beverages Africa (CCBA), noting that it is subject to macroeconomic conditions.The company said it continues to plan a listing in … [Read more...] about Coca-Cola Defers Listing of African Unit
FedEx Shares Soar Almost 12% After Increasing Its Dividend to $1.15
Source: FedEx FedEx stock has risen nearly 12% after the delivery company raised its dividend and stated it would add three directors to its board in a deal with activist investor DE Shaw. FDX up +12.49%, SPX up +0.16% The FedEx board declared a quarterly cash dividend of $1.15 per share on its common stock, representing a $0.40 per share, or 53%, rising from the prior … [Read more...] about FedEx Shares Soar Almost 12% After Increasing Its Dividend to $1.15
