Fed holds rates steady, but raises inflation expectations sharply and makes no mention of taper.
U.S. stocks dropped to their session lows on Wednesday after the Federal Reserve raised its inflation expectations and moved up the time frame on when it will hike interest rates next.The Dow Jones Industrial Average fell 320 points. The S&P 500 traded 0.7% lower after hitting an all-time high in the previous session. The tech-heavy Nasdaq Composite erased earlier gains and traded 0.5% lower.Nine out of 11 S&P 500 sectors traded in the red, led to the downside by communication services and finan
The Bill And Melinda Gates Divorce: $130B And More Is At Stake
When MicrosoftMSFT 0.53%co-founder and ex-CEO Bill Gates announced the end of his marriage to Melinda Gates, he requested “space and privacy for our family as we begin to navigate this new life.”Gates’ request that people not pry into his world might be a tad difficult, given the pair are among the world’s richest married couples. Nor will it be easy for them to start a new life when their old one encompassed a complex financial environment.For those curious about how the other 1% live, here is