FOMC Keeps Rates Unchanged
Airtime: Tues. Mar. 16 2010 |
FOMC keeps federal funds rate in zero to 0.25 percent range, with CNBC’s Hampton Pearson.
Airtime: Tues. Mar. 16 2010 |
FOMC keeps federal funds rate in zero to 0.25 percent range, with CNBC’s Hampton Pearson.
Looking at the market, since Monday’s follow-through day, the market and a batch of leading stocks, steadily rallied which is a healthy sign. The fact that we have not seen any serious distribution days show up since Monday’s FTD bodes well for this nascent rally. It is also a welcome sign to see the market continue to improve as investors digest the latest round of stronger than expected economic and earnings data. Remember that now that a new rally has been confirmed, the window is open to start buying high quality breakouts. Trade accordingly.
Steve Wynn, chairman & CEO of Wynn Resorts, is considering moving its global headquarters from the U.S. to Macau. He explains the rationale behind this potential move in this First On CNBC interview, with CNBC’s Bernard Lo.
Discussing what’s next for financial reform, with Robert Litan, Brookings sr. fellow.
Profit at Randgold Resources jumped 83% in the first-quarter of 2010 compared to the previous year. Mark Bristow, CEO of Randgold Resources, expects a strong performance in the final quarter.
James Paulsen, of Wells Capital Management, and Larry Fink, of BlackRock, share their market outlooks with CNBC.
Chinese automaker Geely agreed to buy Ford’s Swedish car brand Volvo for $1.8 billion Monday. Stephen Odell, CEO of Volvo, told CNBC that China is a growth market for Volvo.