Business News

Big News Week A Coming

This could be a market moving event this week. Tomorrow, Fed policymakers kick off their two-day monetary meeting as the guessing-game on when they might increase interest rates continues. (CNBC)


On Wednesday we will get the first read of how much the US economy grew during the first quarter.  Economists are expecting gross domestic product to grow by just above 1%.  It is projected about a full percentage point of growth in Q1 is related to bad winter weather. (Reuters)


The average price of regular-grade gasoline in the United States rose about 5% in the past two weeks to $2.58 per gallon. The 13 cent per gallon increase brought U.S. gasoline prices to their highest point so far in 2015. Still, prices are substantially lower than one year ago, when gasoline cost around $3.69 per gallon. (Reuters)


US regulators have scuttled another merger. Applied Materials and Tokyo Electron have given up plans to merge in a deal that would have been worth more than $10 billion, citing problems getting approval from U.S. antitrust regulators. (CNBC)

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