Asia stocks, bonds struggle as Fed flags more hikes
Asian shares and currencies struggled on Thursday after the Federal Reserve raised rates for the first time in a year and hinted at the risk of a faster pace of tightening than investors were positioned for.
Fed lifts rates, sees faster pace of hikes in Trump's first year
The U.S. Federal Reserve raised interest rates on Wednesday and signaled a faster pace of increases in 2017 as central bankers adapted to the incoming Trump administration's promises of tax cuts, spending and deregulation.
U.S. IPOs set to rebound after dismal 2016
The U.S. IPO market is expected to bounce back next year after a forgettable 2016, fueled by a sunnier economic outlook and a bit more certainty following the presidential election - factors that encouraged the Federal Reserve to hike interest rates.
Wall Street to Fed: Not so fast; dealers see only two hikes in 2017 - Reuters Poll
Wall Street's top banks were not immediately swayed Wednesday by signals from the Federal Reserve that the pace of interest rate hikes could pick up significantly next year, sticking instead to a view that the U.S. central bank will lift borrowing costs no more than twice in 2017, according to a Reuters poll.
Oil prices fall after U.S. hikes interest rates
Oil prices dropped on Thursday as a hike in U.S. interest rates prompted a flood of money away from commodities and into U.S. bonds and the dollar.
Yahoo says one billion accounts exposed in newly discovered security breach
Yahoo Inc warned on Wednesday that it had uncovered yet another massive cyber attack, saying data from more than 1 billion user accounts was compromised in August 2013, making it the largest breach in history.
Trump meets Silicon Valley elite after mutual mistrust in campaign
President-elect Donald Trump and some of Silicon Valley's most powerful executives met at his Manhattan tower on Wednesday, a summit convened to smooth over frictions after both sides made no secret of their disdain for each other during the election campaign.
GE to sell $3 billion industrial solutions business
General Electric Co said on Wednesday it would sell its $3 billion industrial solutions business, which makes electrical equipment, as part of a push to focus on its core businesses.
Tillerson to hand over reins to Exxon's president Woods
Exxon Mobil Corp said on Wednesday its president, Darren Woods, will become chief executive and chairman in January following the retirement of Rex Tillerson, who is U.S. President-elect Donald Trump's choice for secretary of state.
GE sticks to $2 EPS target for 2018, sells more assets
General Electric Co on Wednesday renewed its forecast for strong earnings growth over the next two years despite weak energy markets, and said it expects to further build its 3-D printing and services businesses while selling other franchises.