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STORY: U.S. stocks ended mixed on Thursday, with the tech-heavy Nasdaq taking the biggest plunge after China s iPhone curbs pressured shares of Apple and its suppliers. ....
A hawkish Federal Reserve dashes hopes for a definitive end to rate hikes soon. The Federal Reserve made the widely expected move of raising interest rates when it wrapped up its regularly scheduled two-day policy meeting on Wednesday. If there was any sort of surprise, it was that Fed Chair Jerome Powell left the door open to further tightening in 2023 and beyond.There was little doubt that the Federal Open Market Committee would increase the short-term federal funds rate by 25 basis points, or ....