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Wednesday Recap: Fed Issues First Rate Hike Since 2023
The Wall Street Journal8d agoneutral
Wednesday Recap: Fed Issues First Rate Hike Since 2023

The Federal Reserve raised interest rates for the first time in three years, reversing cuts it made last year and implicitly countering the White House’s position that inflation isn’t a concern. Treasury yields moved higher after Fed Chairman Kevin Warsh began his post-decision press conference.

Google Dodges Ad Tech Breakup But Judge Orders Changes to Auction Rules and Appoint Antitrust Monitor — Tech Giant Plans to Appeal: Report
Benzinga8d agoneutral
Google Dodges Ad Tech Breakup But Judge Orders Changes to Auction Rules and Appoint Antitrust Monitor — Tech Giant Plans to Appeal: Report

A federal judge has reportedly ordered Alphabet Inc.‘s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google to overhaul its online advertising technology practices and appoint an internal antitrust compliance monitor, while declining to force a breakup of its ad tech business. How Ad Practices Must Change In a 106-page decision, U.S. District Judge Leonie Brinkema in Alexandria, Virginia, found that Google must relax rules governing its online ad auctions, according to Reuters. The judge rejected the Department

Asian stocks are mixed after Wall Street slips following Fed's rate hike decision
Associated Press8d agoneutral
Asian stocks are mixed after Wall Street slips following Fed's rate hike decision

Asian shares were mixed on Thursday after Wall Street closed lower following the Federal Reserve’s interest rate hike decision for the first time in three years. Japan’s Nikkei 225 index was 0.2% higher at 64,067.53. The Hong Kong Hang Seng fell 0.7% to 24,533.46, while the Shanghai Composite index lost 0.4% to 3,877.46.

Goldman Sachs now sees Fed hiking again in October
Reuters8d agoneutral
Goldman Sachs now sees Fed hiking again in October

SYDNEY, Sept 17 (Reuters) - Goldman Sachs now expects the US Federal Reserve to raise interest rates by 25 basis points at its October policy meeting, adding a further hike to its September call.