Fed Holds Key Rate Near Zero Amid Global Growth Slows
The Federal Reserve kept the federal funds rate near zero after a 9-1 vote, citing slower global growth and a sluggish U S economy. policymakers signaled the possibility of a rate increase at the December 15–16 meeting, with Janet Yellen urging data driven decisions.
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Stock rally after Fed hints on December rate move
The market finished higher after a midday wobble as the Fed signaled potential December rate increases. Bonds fell and the dollar climbed while the Dow rose 198.09 points to 17,779.52, the S&P 500 gained 24.46 to 2,090.35 and the Nasdaq rose 65.55 to 5,095.69.
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Ford recalls 129000 midsize SUVs in U S and Canada
Ford recalls 129000 2009 2010 Edge and Lincoln MKX SUVs over potential fuel leaks caused by rusting tanks under reinforcement brackets in snowy regions. Inspect and repair or replace free of charge for sold or registered vehicles in many northeastern and midwest states and D C. Another recall, BMW Mini models 2002 2005, for power steering failure prompting dealer replacements starting in December.
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Walgreens Rite Aid merger reshapes drugstore power in US
Walgreens plans to acquire Rite Aid in a deal valued at 9.41 billion dollars to expand health care services and store networks. The combination would create a 12 700 store behemoth, intensify supplier bargaining, and likely trigger some store closures name changes and fewer brands while not guaranteeing lower consumer prices.
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