Market Pulse - Usa
Discovery's net income tumbles despite improved revenues
Media outfit Discovery saw net income tumble in the third quarter of its trading year as charges associated with its merger with Scripps weighed on the group's bottom line.
US close: Stocks close mostly lower following Fed announcement
Wall Street recorded some mixed trading on Thursday following solid gains during the previous session, as focus shifted from yesterday's mid-terms to the latest policy announcement from the Federal Reserve.
Fed stays put, keeps target range for Fed funds at 2.0%-2.25%
The US central bank decided to stay put on interest rates, reiterating that it expected a "gradual" pace of interest rate hikes to be needed in order to sustain the ecomomic expansion and the "strong" labour market, while keeping inflation near its "symmetric" 2. 0% target.
UBS expects civil suit from US DoJ over mortgage securities
UBS said on Wednesday it expected the DoJ to file a civil suit seeking monetary penalties for allegedly misleading investors about the quality of residential mortgage-backed securities sold in the run-up to the 2008 financial crisis.
US open: Mixed start to trading as focus switches to latest policy announcement from the Fed
Wall Street trading opened with some mixed results on Thursday following solid gains during the previous session, as the focus shifted from yesterday's mid-terms to the latest policy announcement from the Federal Reserve.
Chinese export and import growth holds up better-than-expected in October
Chinese export and import growth held up better than had been expected last month, with the former boosted by companies attempting to front-run US tariffs which were set to come in at the start of 2019.
Qualcomm's legal dispute with Apple hits sales forecast
Qualcomm reduced its sales revenue forecast for the holiday season as the company was hit by the loss of chip sales to Apple as a court battle looms.
Tesla appoints Aussie Denholm to replace Musk as chair
Tesla announced overnight on Wednesday it has appointed Robyn Denholm to chair the board, splitting the roles held by chief executive officer Elon Musk as analysts the company's potential promotion to the S&P 500 index next year.