The economic highlight of the week will take place on Wednesday — the Federal Reserve's latest policy announcement.Read More »
Wall Street investors have shrugged off recent worries to propel stocks to fresh all-time highs, but this week’s meeting of Federal Reserve policy makers might provide investors the clearest sign yet about the health of the U.S. economy and how the central bank is construing stubbornly low inflation. The Fed gathering set for Tuesday and Wednesday comes against the backdrop of a host of recent events that market participants are anticipating will factor in policy maker’s decision making: The economic impact of Hurricanes Irma and Harvey, sluggish inflation, the outlook for fiscal stimulus out of Washington, may be a just a few of the topics that are broached. (That is not even to mention the
Shares in retail group Kingfisher outperformed the market in morning trading, despite the firm's reporting of a 5.9% fall in half-year profits. The B&Q and Screwfix owner was the FTSE 100's biggest riser, adding 6.7%. Overall, the benchmark index was up 2.6 points or 0.04% at 7,277.85. Drinks maker Diageo was the biggest faller, shedding 2.1% after warning that its revenues could be hit by a ban on selling alcohol along national and state highways in India. On the currency markets, the pound was up 0.17% against the dollar at $1.3534 and was up 0.07% against the euro at 1.1275 euros.
Elijah Hahe spent years toiling in retail—supermarket cart boy, gas station attendant—with little to show for it but low pay, inconsistent hours and skimpy benefits. So when Hahe heard a radio ad for positions at a new Amazon.com Inc. warehouse near Columbus, Ohio, he applied immediately. "I knew Amazon was an up-and-coming company, so I figured I'd give it a shot," says Hahe, who’s 25. "It was definitely scary. Once I got here, I realized it was a good fit." A year later, Hahe is training new hires and aspires to run his own warehouse. He has steady full-time work, health benefits and is saving for a three-week vacation to Ireland, something he never considered while working retail. For many