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The Federal Reserve is expected to raise its benchmark interest rate again on Wednesday. Here’s what you need to know:
- Only one thing matters at Wednesday’s Fed meeting
- Janet Yellen’s farewell at the Fed has become more complicated
- The Fed is about to raise interest rates again – here’s how it happens and why it matters
- The shrinking role of unions helps shed light on an economic trend that is puzzling Fed officials
- Check back here for the latest news and analysis on the Fed’s decision
Elsewhere in D.C. news, Republicans have a final deal on their tax bill – here’s what’s in it. And there’s one more reason for Republicans to be very nervous about the Senate in 2018, according to Josh Barro.
Back on Wall Street, a top exec at trading giant Virtu is out. The mysterious trader known as “50 Cent” has lost $US197 million betting on a stock market meltdown.Robinhood is launching a free options trading product for its users.
And here’s what it takes to launch a hedge fund right now,according to the Wall Street pros who know
In deal news, Target has a new $US550 million weapon to defeat Walmart and Amazon, and Saudi Aramco has reportedly asked banks to pitch for a role in its IPO.
- Apple’s Shazam deal is a sneak attack to hit Spotify where it hurts
- Finisar soars after Apple announces $US390 million investment
- RBC: Nvidia can’t profit from bitcoin anymore – but the boost from cryptocurrencies is just getting started
- T-Mobile is becoming a cable TV provider
- GOLDMAN SACHS: 4 big tech companies will own 65% of the cloud market
- A Hungarian startup thinks it has the key to cheaper self-driving cars – but a ride in its test car suggests it has a lot of work ahead
- As bitcoin skyrockets, a top Facebook exec is joining the board of Coinbase, the cryptocurrency exchange
- A board member has resigned at Tezos, the tumultuous cryptocurrency startup that raised $US232 million
Lastly, we drove a $US73,000 Cadillac XTS V-Sport and completely fell for its retro charm and secret power.
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