Stocks slump, Bank of England, FedEx, Marvell, Writers strike
Stocks slump, Bank of England, FedEx, Marvell, Writers strike
Five things you need to know before the market opens on Thursday September 21:
1. -- Stocks slump as 'higher for longer' Fed forecast clips global markets
Global markets are re-setting their U.S. rate forecasts, pushing the dollar and Treasury yields higher following last night's hawkish Fed policy decision.
2. -- Bank of England rate decision on knife-edge as inflation slows, growth sputters
Rate hike pauses from the ECB and the Swiss National Bank, as well as slowing inflation pressures, could mark the end of the Bank of England tightening cycle.
3. -- FedEx shares leap after market share wins over UPS power earnings, forecast
FedEx said it expects to retain the market share wins it earned during labor disruption at its larger package delivery rival UPS.
4. -- Marvell shares surge as chipmaker linked to Google AI investment drive; Broadcom Slides
The Information reported late Wednesday that Marvell could replace Broadcom as Google's AI chip development partner.
5. -- Warner Bros., Paramount higher on reports Hollywood writers' strike nearing studio deal
Reports suggest the months-long Hollywood writers' strike could come to an end as early as today.
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