Dow climbs as Fed expands easing to support economy
US stock markets surged after the Federal Reserve announced a third round of quantitative easing and extended ultra low rates into 2015. The Dow rose about 240 points, above 13,500, with gains across sectors as investors shifted to stocks. Gold hit a fresh high while the dollar slid amid Middle East tensions and rising unemployment claims in the latest data.
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New York City bans large sugary drinks at eateries
New York City officials approved a rule limiting non diet sodas and other sweet drinks to 16 ounces in fast food outlets, theaters, workplaces, and most venues selling prepared food. The law excludes supermarkets and many convenience stores, drawing opposition from the restaurant industry and some residents while supporters deem it a critical obesity measure.
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