Fed announces rate hike by 75 basis points

The U.S. Federal Reserve announced on June 15, local time, that it would raise the benchmark interest rate by 75 basis points to an annual level of 1.5-1.75%. This is the largest rate hike by the Fed since 1994. On…

Dow Jones jumps 100 points as market shakes off Target warning

Dow Jones jumps 100 points as market shakes off Target warning U.S. stocks edged higher late Tuesday, with the Dow up 100 points. The market appeared to shake off Target’s earnings warning. U.S. Treasury Secretary Yellen said the U.S. is…