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☆ How 1880s technology made it possible for 2 women to travel around the world in under 80 days
▼ + stars: | 2023-10-07 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +19 min

In 1889, journalist Nellie Bly set off on a trip around the world, trying to make it under 80 days. "You see a huge emphasis being placed on building ships that were ever faster than the previous generation of ships," Goodman said. Once aboard the train, Bly began to receive telegrams from her editors and well-wishers. "Sometimes it literally literally just says, 'Nelly Bly's train,'" Behn said. For Behn, what Bly and Bisland did remains incredible and deserve to be remembered as much as Verne's story.

Persons: Nellie Bly, Elizabeth Bisland, —, Jules Verne's, Bly, Bisland, Adrien Behn, Matthew Goodman, Elizabeth Bisland's, Victoria, Augusta Victoria, Henry Guttmann, seasickness, Behn, San Francisco —, Bettmann, Goodman, John Mix Stanley, Said, Getty Images Bly, they'd, Alfred Touchemolin's, voyaged, She'd, James Buchanan, Joseph Pulitzer's, Nelly Bly's, Jules Verne, Thomas Cook, Fogg, Nelly, she'd Organizations: Service, Cosmopolitan, Atlantic, Hulton, Western, Central Pacific, Union Pacific, Union Pacific's Overland, Rockies, Railroad, US, Ships, Suez, Getty Images, Workers, SSPL, Headquarters, Thomas Cook &, Companies Locations: London, New Jersey, New York, California, Blackwell's, of, New York Harbor, Chicago, Omaha, Utah, San, Salt, Union, Iowa, San Francisco, Midwest, Between Nebraska, Sacramento , California, Sierra Nevada, Lake Jessie , North Dakota, Washington ,, Philadelphia, Suez, Europe, Asia, Africa, Britain, India, Port Said, Egypt, Yemen, commonwealths, British, Aden, Colombo, Penang, Hong Kong, Singapore, Ceylon, Yokohama, France, Germany, America, South China, Nevada, Russian Empire, East, North America, London's, Italy, Ireland, United States, Japan, China

(AP) — The federal government has joined several former workers in suing Union Pacific over the way it used a vision test to disqualify workers the railroad believed were color blind and might have trouble reading signals telling them to stop a train. Union Pacific didn't immediately respond to questions about the lawsuit Monday. The EEOC said in its lawsuit that the test doesn't replicate real world conditions or show whether workers can accurately identify railroad signals. Some of the workers who sued had failed Union Pacific's “light cannon” test but passed another vision test that has the approval of the Federal Railroad Administration. The workers involved in the lawsuit were doing their jobs successfully for Union Pacific for between two and 30 years.

Persons: ”, Gregory Gochanour, EEOC Organizations: Union Pacific, Pacific, EEOC’s Chicago, Federal Railroad Administration Locations: OMAHA, Neb, Norfolk Southern, Ohio, Pennsylvania, East Palestine, Pacific, Minnesota , Illinois, Arizona , Idaho , California , Kansas , Nebraska , Oregon, Washington, Texas, The Omaha , Nebraska

About 8,000 trailers carrying an estimated $1 billion worth of goods have been stranded on the Mexican side over the past week, said Manuel Sotelo, president of the transport association of Ciudad Juarez, a major manufacturing hub across from El Paso, Texas. The delays forced a Canadian snowmobile and off-road vehicle manufacturer to suspend production on Monday and Tuesday at three factories in Ciudad Juarez that employ some 9,000 people. "Due to the waiting times on the international bridges in Ciudad Juarez, we have had a significant reduction in the volume of units that we can export daily," the Quebec-based company, BRP, said in a statement. Jesus Salayandía, a representative of the Mexican industry association Canacintra, said he expected other companies in Ciudad Juarez would announce temporary work stoppages if the long wait times at the border continue. U.S. border authorities suspended cargo processing at one of El Paso's international bridges last week to shift officers to process more migrant arrivals.

Persons: Manuel Sotelo, Sotelo, Jesus Salayandía, Ferromex, Jose Luis Gonzalez, Laura Gottesdiener, Isabel Woodford, Sonali Paul Organizations: . Customs, Border Protection, Patrol, U.S ., Ciudad, Reuters, BRP, El, U.S . Customs, Protection, Union Pacific, Wednesday . Union Pacific, Thomson Locations: Zaragoza, Ysleta, U.S, Cordova, Americas, CIUDAD JUAREZ, Mexico, Ciudad Juarez, El Paso , Texas, New Mexico, Arizona, Texas, Canadian, Quebec, Mexican, United States, Eagle Pass , Texas, Monterrey, Mexico City

☆ Esther Fung — Reporter at The Wall Street Journal
▼ + stars: | 2023-09-25 | by ( Esther Fung | ) www.wsj.com time to read: 1 min

Esther FungEsther Fung is a reporter in The Wall Street Journal's corporate bureau in New York, where she writes about parcel-shipping companies like FedEx and UPS, freight railroads like Union Pacific, CSX and Norfolk Southern, the U.S. Postal Service and the logistics industry. She covers the ways goods are moved around the world and onto people's doorsteps. Esther previously covered the real-estate markets in the U.S. and China, and is a former Knight-Bagehot fellow at Columbia University.

Persons: Esther Fung Esther Fung, doorsteps, Esther Organizations: FedEx, UPS, Pacific, CSX, Norfolk Southern, U.S . Postal Service, Columbia University Locations: New York, U.S, China

☆ Union Pacific Draws Safety Regulator’s Ire After Worker Furloughs
▼ + stars: | 2023-09-21 | by ( Esther Fung | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

Biden in May rolled out a new policy to deter illegal crossings, including deporting migrants and banning re-entry for five years, as his administration grappled with migration at record highs. He praised Biden for creating legal pathways for migrants but said they needed to be expanded. Hundreds of migrants who crossed without appointments have been forced to wait between two border walls. Within the last eight days, U.S. Customs and Border Protection (CBP) had processed more than 5,000 migrants in the San Diego area, a San Diego official said on Thursday. An unprecedented number of migrants entering Mexico hail from othercontinents, as the trek to the U.S. southern border increasingly becomes a global migration route.

Persons: Jose Luis Gonzalez, Joe Biden, Biden, Andrew Selee, Andres Manuel Lopez Obrador, Oscar Suarez, Suarez, Enrique Lucero, Giuseppe Loprete, don't, Lopez Obrador, Lizbeth Diaz, Laura Gottesdiener, Beth Solomon, Adrees Latif, Mike Blake, Ted Hesson, Rosalba O'Brien Organizations: U.S, REUTERS, Rights, Migration Policy Institute, Tijuana, U.S . Customs, Border Protection, San Diego, CBP, Migrants, Pacific, International Organization for Migration, IOM, Thomson Locations: United States, Rio Bravo, Mexico, Ciudad Juarez, California, Texas, Mexican, San Diego , California, El Paso, Central, South America, San Diego, Tijuana, U.S, Grande, Eagle, Panama, Darien, othercontinents, Monterrey, Mexico City, Washington

(AP) — Investigators say the blast that prompted evacuations near Union Pacific's massive railyard in western Nebraska last week appears to be accidental, but it's not yet clear what caused it. The chief investigator for the fire marshal’s office, Adam Matzner, said Tuesday that investigators haven’t found any sign of a criminal act connected with the explosion, so the incident appears accidental. A spokesman for the Federal Railroad Administration said Tuesday that he couldn’t provide any additional details about the agency’s investigation. North Platte is located about 230 miles (370 kilometers) east of Denver and about 250 miles (400 kilometers) west of Omaha. Union Pacific is one of the nation's largest railroads with more than 32,000 miles (nearly 51,500 kilometers) of track crisscrossing 23 Western states.

Persons: Adam Matzner, haven’t, Kristen South, Pacific's Organizations: —, Nebraska State Fire, Federal Railroad Administration, Union Pacific Locations: OMAHA, Neb, Union, Nebraska, North Platte, Denver, Omaha, The, Ohio, East Palestine , Ohio

(AP) — Nebraska authorities said they don't expect any lingering problems related to Thursday's explosion of a railroad shipping container carrying an acid used to make explosives because the chemical largely burned off and any residue was contained at the scene. No one was injured in the blast at Union Pacific's massive railyard in North Platte, and no structures were damaged. But Thursday's incident in the Union Pacific railyard was nothing like that. He said the other container that burned in the fire likely contained memory foam — not another hazardous chemical. Union Pacific was able to continue operating part of the railyard throughout the incident, and full operations resumed after the fire was extinguished Thursday evening.

Persons: Dennis Thompson, ” Thomson, it's, Thompson, Warren Flatau Organizations: —, Platte Fire, Nebraska Emergency Management Agency, Union Pacific, Federal Railroad Administration Locations: OMAHA, Neb, — Nebraska, North Platte, Nebraska, Western Nebraska, Ohio, East Palestine , Ohio, Platte, Denver, Omaha

(AP) — An explosion inside a shipping container at the world's largest railyard prompted evacuations in western Nebraska Thursday because of the toxic smoke generated when one of the chemicals aboard caught fire. Around noon, an explosion occurred inside an intermodal container on a railcar at Union Pacific's Bailey Yard in North Platte, though it wasn't clear what caused the explosion, railroad spokeswoman Robynn Tysver said. Authorities evacuated everyone within a four-mile radius of the railyard, which is about 280 miles (451 kilometers) west of Omaha, was evacuated because of the smoke, and U.S. Highway 30 was closed between North Platte and Hershey. The North Platte Fire Department said in a post on X that the evacuations were done because of the fire at the railyard involved “heavy toxic smoke.” Fire officials didn’t immediately respond to a call seeking more details. That derailment prompted evacuations and calls for reform from members of Congress and regulators.

Persons: Pacific's, Robynn Tysver, didn’t, Tysver Organizations: Authorities, Platte Fire Department, Railroad Locations: OMAHA, Neb, Nebraska, North Platte, Omaha, U.S, Hershey, Platte, Norfolk Southern, Ohio

While he's willing to invest in that, mostly he wants to make sure Union Pacific's day-to-day operations are steadily improving. He's also working to speed up decision making at the railroad to help make Union Pacific more responsive to customers. We’re going to have the best service, and we’re going to have the best safety record. That will put pressure on Union Pacific’s profits. Railroad safety has been in the spotlight this year ever since a Norfolk Southern train derailed and caught fire in eastern Ohio back in February.

Persons: Jim Vena, he's, ” Vena, Vena, He's, Lance Fritz, “ We’re, Amit Bose Organizations: —, Pacific's, Union, Canadian National, Union Pacific, Federal Railroad Administration Locations: OMAHA, Neb, Union Pacific, West, Norfolk Southern, Ohio, East Palestine

(AP) — Federal inspectors said they found an alarming number of defects in the locomotives and railcars Union Pacific was using at the world's largest railyard in western Nebraska this summer, and the railroad was reluctant to fix the problems. Federal Railroad Administrator Amit Bose wrote a letter to UP's top three executives Friday expressing his concern that the defects represent a “significant risk to rail safety " on the Union Pacific railroad. But the letter didn't detail what kind of defects inspectors found in the Bailey Yard in North Platte, and there are a myriad of federal rules. “Union Pacific will never compromise on the safety of our employees. Union Pacific has a network of 32,400 miles (52,000 kilometers) of track in 23 Western states.

Persons: Amit Bose, Bose, ” Bose, carmen, Kristen, South, Jim Vena Organizations: —, Union Pacific, Federal, “, Pacific, FRA, Union Pacific's Locations: OMAHA, Neb, Nebraska, North Platte, Omaha , Nebraska, ”

NEW YORK (AP) — Stocks wavered on Wall Street Tuesday as traders return from a long holiday weekend to face a relatively quiet week. The Dow Jones Industrial Average slipped 43 points, or 0.1%, to 34,792 as of 11:22 a.m. Eastern. Hong Kong’s benchmark fell 2.1%, as investors sold real estate shares which have gained recently following government efforts to support the ailing industry. Wall Street will also get updates on aspects of the manufacturing sector and consumer credit. Analysts are still concerned about the potential for a recession, but those concerns have lessened as inflation cools and the economy remains resilient.

Persons: — Stocks, Kroger, — Elaine Kurtenbach, Matt Ott Organizations: Dow Jones, Nasdaq, Labor, Technology, Microsoft, . Union Pacific, Energy, Chevron, Investors, The Institute for Supply Management, GameStop, Dave, Federal Reserve, Treasury Locations: U.S, Saudi Arabia, Russia, Europe, Asia

☆ Baupost's Seth Klarman builds new stake in Amazon, adds a discount retailer to his portfolio
▼ + stars: | 2023-08-14 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Baupost Group's Seth Klarman picked up a few stocks last quarter during the market rally, including tech giant Amazon and discount retailer Dollar General . The billionaire hedge fund manager bought $125 million worth of Amazon shares in the second quarter when the e-commerce juggernaut rallied more than 26%. Klarman has traded in and out of Amazon in the past year. He also bought $41 million worth of Dollar General , as well as $36 million of Union Pacific shares last quarter. Shares of the retailer fell nearly 20% in the second quarter as it slashed its full year outlook after missing Wall Street's estimates for quarterly earnings.

Persons: Baupost, Seth Klarman, Klarman, Warren Buffett, Benjamin Graham's, Klarman hasn't Organizations: Union Pacific, Oracle, Boston, Liberty Global, ViaSat, Liberty Media, CNBC Locations: Union, Baupost

☆ New tentative labor deal reached in Canadian port negotiations
▼ + stars: | 2023-07-31 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

The International Longshore and Warehouse Union of Canada (ILWU) and the British Columbia Maritime Employers Association (BCMEA) late Sunday announced a tentative labor agreement. Canadian Labor Minister Seamus O'Regan commented Monday morning on the announcement of another tentative deal. This latest tentative deal does not mean the uncertainty is over. The first tentative labor deal was rejected by the union body in a two-day vote last week. A 14-day strike has led to more than 16 canceled sailings to the Canadian ports, according to maritime intelligence company, eeSea.

Persons: Rob Ashton, Ashton, Seamus O'Regan, Berkshire Hathaway, John Brooks, Brooks Organizations: Warehouse Union of Canada, British Columbia Maritime Employers Association, Sunday, Canada Industrial Relations, ILWU, Canadian Labor, Canadian, Canadian Pacific Kansas City, Canadian National Railway, U.S, BNSF, Union Pacific, Norfolk Southern, CSX, Pacific Kansas City Locations: Burrard, North Vancouver, British, ILWU Canada, Canadian Pacific, U.S, Berkshire, East, Pacific Kansas

After selling off more than 9% this week, shares of defense contractor RTX look poised for a bounce back, according to one technical indicator. Nearly half of Wall Street analysts rate shares a buy. It's the second most oversold stock in the S & P 500 with a 14-day RSI of 19.6. Just 14% of analysts rate shares a buy, with the average price target suggesting nearly 8% downside. Half of Wall Street analysts rate shares a buy, with a price target that implies 7% upside.

Persons: RTX, Lamb Weston, Estee Lauder, Biogen, Goldman Sachs Organizations: Federal Reserve, CNBC Pro, Raytheon, Pratt & Whitney, Wall Street, Ford Motor, Union Pacific, UNP, Pacific, Street, Marathon Petroleum

☆ Wall Street suddenly appears confident America will avoid a recession
▼ + stars: | 2023-07-27 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

The Dow Jones Industrial Average index has gained 3.2% this month, outperforming the S&P 500 and Nasdaq Composite. The Dow’s gains suggest that investors are starting to buy more economically sensitive stocks as recent data show inflation slowing. That, in turn, indicates they’re becoming increasingly optimistic that the economy could avoid a recession. Conventional Wall Street wisdom says gains in the blue-chip index tend to precede rallies across the broader market. The Dow Jones Transport Average Index, an index of 20 stocks including railroad, trucker, airline and freight companies, has gained 24% this year.

Persons: ”, Adam Phillips, That’s, Bryan Mena, Read, Matt Egan, “, Patrick De Haan Organizations: CNN Business, Bell, New York CNN, Dow Jones, Nasdaq, Big Tech, Wealth, Federal Reserve, Union Pacific Corporation, Ryder System, Dominion Freight Line, Fed, New, American Automobile Association Locations: New York, Russia, Ukraine

☆ Here are Thursday's biggest analyst calls: Apple, Rivian, Roku, Meta, Coinbase, Carvana, Boeing and more
▼ + stars: | 2023-07-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Bank of America reiterates Roku as buy Bank of America said it's bullish heading into Roku earnings Thursday. Bank of America reiterates Mattel as buy Bank of America said it's standing by shares of Mattel after its earnings report, adding that "Barbie" should help drive toy sales. Bank of America upgrades Boeing to buy from neutral Bank of America said the worst for Boeing is behind it. Bank of America downgrades RTX to neutral from buy Bank of America downgraded the company formerly known as Raytheon and said it's concerned about slowing margins. Bank of America downgrades SunPower to underperform from neutral The firm said in its downgrade of the stock that it sees multiple headwinds.

Persons: Roku, it's, Needham, Rivian, Bernstein, KeyBanc, Morgan Stanley downgrades Carvana, Morgan Stanley, Jefferies, Estée Lauder, billings, Wells, Wells Fargo Organizations: . Bank of America, Bank of America, Apple, RBC, Owens, Mattel, Boeing, of America, downgrades, Pacific, Barclays, Raytheon, Labs Locations: China, Pacific

[1/2] A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 24, 2023. The Fed lifted its benchmark overnight interest rate by a widely expected 25 basis points, marking the 11th hike in the U.S. central bank's past 12 policy meetings. As of Wednesday, 77.6% of the 152 companies listed on the S&P 500 (.SPX) that have reported earnings have beaten analysts' expectations as compiled by Refinitiv. Advancing issues outnumbered decliners on the NYSE by a 1.75-to-1 ratio; on Nasdaq, a 1.64-to-1 ratio favored advancers. The S&P 500 posted 29 new 52-week highs and no new lows; the Nasdaq Composite recorded 72 new highs and 92 new lows.

Persons: Brendan McDermid, Dow, Jerome Powell, Goldman Sachs, Angelo Kourfafas, Edward Jones, Brent Schutte, David Bahnsen, Jim Vena, Lance Fritz, Wells Fargo, decliners, Bansari Mayur Kamdar, Johann M, Savio D'Souza, Anil D'Silva, Maju Samuel, Richard Chang Organizations: New York Stock Exchange, REUTERS, Microsoft, Boeing, Dow, Nasdaq, Federal, Fed, Northwestern Mutual Wealth Management, Google, NYSE, Bahnsen, Meta, Facebook, Refinitiv, Reuters Graphics Reuters, Dow Jones, Union Pacific, Thomson Locations: New York City, U.S, Bengaluru

☆ Union Pacific Names Veteran Rail Executive Jim Vena as CEO
▼ + stars: | 2023-07-26 | by ( Ben Glickman | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/union-pacific-names-veteran-rail-executive-jim-vena-as-ceo-86b3d5cc

Persons: Dow Jones, 86b3d5cc

☆ Union Pacific appoints former executive Jim Vena as CEO
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: 1 min

July 26 - Union Pacific Corp (UNP.N) on Wednesday named former chief operating officer Jim Vena as its top boss, months after CEO Lance Fritz said he was stepping down, sending the U.S. railroad operator's shares up 6.7% in premarket trading. Vena, who will take the top job on Aug. 14, started his career in 1976 and was in the reckoning to lead Canadian National Railway Co (CNR.TO) after investors backed him for the role. He has worked under the late Hunter Harrison at Canadian National, who pioneered Precision Scheduled Railroading (PSR), which is commonly used across the industry today. Union Pacific, which connects 23 states in the western part of the country by rail, also elected Mike McCarthy as its board chairman. Reporting by Nathan Gomes and Amna Karimi in Bengaluru; Editing by Anil D'Silva and Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Jim Vena, Lance Fritz, Vena, Hunter Harrison, Mike McCarthy, Nathan Gomes, Amna, Anil D'Silva, Vinay Dwivedi Organizations: Union Pacific Corp, Wednesday, U.S ., Canadian National Railway Co, Canadian National, Union Pacific, Thomson Locations: Bengaluru

☆ Watch CNBC's full interview with Union Pacific's outgoing CEO Lance Fritz
▼ + stars: | 2023-07-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Union Pacific's outgoing CEO Lance FritzLance Fritz, outgoing CEO at Union Pacific, joins 'Squawk on the Street' to discuss Union Pacific's Q2 revenue miss, Jim Vena taking over as Union Pacific CEO, and plans for the CEO transition.

Persons: Lance Fritz Lance Fritz, Jim Vena Organizations: Union, Union Pacific, Union Pacific CEO

☆ Fed Meeting Today: Interest-Rate Hike Expected; Powell Speech This Afternoon
▼ + stars: | 2023-07-26 | by ( ) www.wsj.com time to read: +1 min

ET, and Federal Reserve Chair Jerome Powell is scheduled to hold a press conference at 2.30 p.m. (You'll be able to watch it live here .) The Fed is likely to raise its benchmark policy rate by 0.25 percentage point to a range of 5.25% to 5.5%, a 22-year high. Investors will watch for clues about whether this is the last hike of the cycle and when policy makers might start cutting rates. Traders expect that the Fed will signal more future tightening to tame inflation, which could crimp energy demand. The rise followed a wild late session yesterday fueled by news of a deal with Banc of California.

Persons: Jerome Powell, You'll, Stocks, Brent Organizations: Federal, Fed, Nasdaq, Dow, Treasury, Oil, Traders, Pacific, Boeing Locations: U.S, California

☆ Stocks making the biggest moves premarket: Alphabet, Microsoft, PacWest, Snap and more
▼ + stars: | 2023-07-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Alphabet — The Google parent popped more than 6% after topping Wall Street's second-quarter earnings expectations, fueled by growth in its cloud-computing segment. Microsoft, however, did beat Wall Street's estimates, reporting earnings of $2.69 per share on $56.19 billion in revenue. Snap topped second-quarter expectations, reporting a narrower-than-expected loss of 2 cent a share on $1.07 billion in revenue. Wells Fargo also said that its board approved a previously announced dividend hike to 35 cents from 30 cents per share. The company topped earnings but fell short on revenue expectations, reporting adjusted earnings per share of 63 cents on $29.92 billion in revenue.

Persons: Ruth Porat, Refinitiv, Wells Fargo, popper, —, Sarah Min, Yun Li, Hakyung Kim, Jesse Pound Organizations: Google, Microsoft, Boeing, Texas, — Texas, Teladoc Health, Dish, Bloomberg News, Fisher, Pacific Locations: Mountain View , California, Banc, California

☆ Morning Bid: Tech splits, banks merge and Fed decides
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +5 min

Unlucky for some perhaps, but a 13th today would make it the longest winning streak for the Dow since 1987. Meta Platforms (META.O) is up next after Wednesday's closing bell and its share rose 2%. Wells Fargo (WFC.N), meantime, climbed 2.8% after the bank's board authorized a new $30 billion share buyback program. The Fed decision comes in the wake of another set of forecast-beating U.S. consumer confidence readings for July. Elsewhere, the European earnings season was in full swing too, with banks dominating the diary and the European Central Bank meeting tomorrow.

Persons: Mike Dolan, Dow Jones, Wells Fargo, Kazuo Ueda, Jerome Powell, Molina, Rollins, Edwards, John Stonestreet Organizations: Microsoft, Dow, Netflix, Google, Federal Trade Commission, European Central Bank, Deutsche Bank, Bank of Japan, HK, . Federal, eBay, Boeing, General Dynamics, Seagate, Union Pacific, CME, Hilton Worldwide, Lam Research, Water Works, United Rentals, Otis, Treasury, Reuters, Reuters Graphics Reuters, Thomson Locations: U.S, Wall, Nasdaq, California, Lam, Everest

☆ Morning Bid: Markets brace for Fed decision, earnings flood
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +2 min

Investors will be listening carefully to Chair Jerome Powell for indications of whether or not another interest rate hike is in the pipeline. The Fed's communication could set the tone for markets ahead of policy decisions from the European Central Bank (ECB) on Thursday and the Bank of Japan (BOJ) on Friday. Reuters GraphicsEuro zone June M3 annual growth and lending data on Wednesday are unlikely to affect markets ahead of the ECB's decision. Chinese stock markets were mostly lower on Wednesday following a steep rally the day before. China's blue-chip CSI300 (.CSI300) index was down 0.3% while the CSI 300 Real Estate index gained 0.2%.

Persons: Brigid Riley, Jerome Powell, HSI, Sonali Desai, Edmund Klamann Organizations: Federal Reserve, Federal, Market, European Central Bank, Bank of Japan, ECB, Reuters, Fisher, Union Pacific Corp, eBay, Boeing, Microsoft, Carrefour, Danone, GSK, CSI, CPI, Reserve Bank of Australia, U.S, Fed, Thomson Locations: United States, U.S, Europe, France, Asia, China

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