- Markets: The Dow closed down 142 points after the Fed trimmed its growth outlook.
- The Fed: The Federal Reserve decided to keep interest rates unchanged.
- FedEx (FDX): The stock is having its worst day in 3 months. Here's why.
Walmart's digital sales grew 40% last year as the company expanded online delivery and buy online, pickup in store options.
In a recent interview with CNN Business, King said that when he joined Walmart in 2011, he expected to either stay at the company for six months or spend the rest of his career there.
The Fed Day celebration on Wall Street proved short-lived.
At the same time, Aliaga-Diaz said it will be challenging for the Fed to return to a "more hawkish stance should it be warranted."
US oil prices briefly touched $60 a barrel for the first time since November. Crude closed 1.4% higher to $59.83 a barrel.
Wells Fargo shouldn't book its trip out of the penalty box just yet.
"There is a lot of work to do," Fed chief Jerome Powell said during a press conference.
Powell said on Wednesday that the Fed won't lift the asset cap until it's satisfied Wells Fargo has wrapped its arms around the problem.
Wells Fargo said late Wednesday that it "continues to have constructive dialogue with the Federal Reserve to ensure that we not only meet ��� but exceed – our consent order requirements."
US stocks shot higher after the Federal Reserve signaled it won't raise interest rates until 2020.
But bank stocks did not get invited to the party.
The other problem is the Fed statement caused the yield curve -- the difference between short and long-term yields -- to flatten. Flatter yield curves make it harder for banks to make money.
It looks like the Federal Reserve got the message that the markets sent it late last year.
The median forecast from Fed members is for rates to go up to just 2.6% in 2020 and remain there in 2021. That's down from the Fed's expectations of 3.1% in December.
First, the good news.
"Not what we wanted to hear," Peter Boockvar, the chief investment officer at Bleakley Advisory Group, wrote in a note to clients
Trump added that a trade deal between the two countries is progressing. He added: "We have our top representatives going there this weekend to further the deal."
It looks like the markets are eagerly awaiting the Fed's interest rate decision coming at 2:00 pm ET.
Here's a check of some winners and losers:
Customers will still have access to Chase's mobile app, ATMs and branches, and will receive a debit card.