Business


Fed announces rise in key rate, plan for bonds

Fed Chair Janet Yellen was holding a press conference at 2:30 p.m. EDT (1830 GMT). The dollar.DXY was largely flat against a basket of currencies after reversing earlier losses, while the price of gold fell. There has been a predictably sizeable focus on the Fed's $4.46 billion balance sheet, where the statement around the balance sheet did change enough to provide strategists with a belief normalisation is set to start from the September or October meeting.


Tesla (TSLA) Gearing Up for Vehicle Production in China

Tesla (TSLA) Gearing Up for Vehicle Production in China

New-energy vehicles are seen as a strategic emerging industry in China , which hopes to increase the sale of fully-electric and plug-in hybrids cars by ten-fold in the next decade. 16 analysts on average are expecting the company to report revenue of $2.63 Billion for the current quarter. (TSLA) has the trading volume of 4.91 Million shares with the average trading volume of 9470 shares.


Apple Said to Seek Lower Rate in New Deals With Record Labels

Apple Said to Seek Lower Rate in New Deals With Record Labels

Bloomberg's report says that Apple is seeking to give record labels a smaller cut of its streaming service's revenue to get closer to rival Spotify . It had also paid out more to soften labels' concerns that it would do away with iTunes, a strong source of revenue. In recent negotiation talks, Spotify reduced its rates from 55% to 52%.


Berger retains title at St. Jude Classic

Berger retains title at St. Jude Classic

Spaniard Rafael Cabrera Bello, joint overnight leader, finished a tie for fourth with Billy Horschel, Braden Thornberry , Chez Reavie and Kevin Chappell. "I don't want to think about the results because when you start thinking results, you never perform your best", Mickelson said Wednesday. Jaco Van Zyl of South Africa, Johan Carlsson of Sweden and Ashley Chesters of England each shot a 67 to share second position, with England's Graeme Storm and Oliver Wilson and France's Joel Stalter ...


'Marvel's The Defenders' Gets Brand New, Badass Poster

'Marvel's The Defenders' Gets Brand New, Badass Poster

The new, black and white poster the streaming service shared on Wednesday continues this trend. Even so, we're sure they'll figure out a way to work together, and we can't wait to see what transpires when they team up to save New York City! The caption on Twitter has got us thinking that tensions will be running high from the get-go amongst our new favorite superhero group.