Why the Fed paused its rate hikes: It's tired of playing a giant guessing game

View in Browser June 16, 2023 Dow 34,299.12 0.32% S&P 500 4,409.59 0.37% NASDAQ 13,689.57 0.68% Last updated June 16 at 4:59 PM ET     Why the Fed paused its rate hikes: It's tired of playing a giant guessing game After 10 consecutive interest rate hikes, Federal Reserve officials announced on Wednesday that they would pause their fight against inflation to figure out whether the US economy was fully absorbing all that harsh medicine.    Read full article   UPS Teamsters overwhelmingly authorize strike if no deal is reached by August 1 Members of the Teamsters union voted overwhelmingly to authorize a strike at United Parcel Service in a vote announced Friday. But a strike is still more than seven weeks away, if it happens at all.    Read full article   China's Xi greets 'old friend' Bill Gates in first meeting with a US business magnate in years Bill Gates met with Xi Jinping on Friday, marking the Chinese leader's first known one-on-one meeting with a Western business figure in years after a new pledge from the Gates Foundation.    Read full article   Nexstar investigates after Michigan news station told to 'get both sides' of Pride event Nexstar, the nation's largest operator of local TV stations, said Thursday it is conducting an investigation after a news director at a Michigan station told its journalists to scale back its Pride Month coverage and "get both sides" on LGBTQ issues, saying their "polarizing" nature had upset some of its conservative viewers.    Read full article   Anheuser-Busch is writing checks to distributors as Bud Light sales sink Bud Light's parent company Anheuser-Busch has laid out a plan to appease beer distributors affected by two months of plunging sales sparked by an ongoing customer boycott.    Read full article   Video: Older influencers taking TikTok by storm CNN's Vanessa Yurkevich talks to some "granfluencers." Baby boomers who have amassed a large following on social media.    Read full article   Today's movers BTDR 11.41 50.93% Bitdeer Technologies Group Class A NEOV 4.40 41.94% NeoVolta Inc DUOT 6.00 28.76% Duos Technologies Group Inc PBLA 2.60 55.25% Panbela Therapeutics Inc EDTX 25.95 23.65% EdtechX Holdings Acquisition Corp. II Class A CHRS 4.13 23.38% Coherus BioSciences, Inc. Last updated June 16 at 4:00 PM ET Have feedback? We'd love to hear from you. Send your questions and feedback to marketsnow@cnn.com MARKETS NOW You are receiving this email because you signed up for updates from Markets Now.   No longer want to receive these updates? Unsubscribe. Interested in more? See all of our newsletters.   Create CNN Account | Listen to CNN Audio | Download the CNN App    ® © 2023 Cable News Network, Inc. A Warner Bros. Discovery Company. All Rights Reserved. One CNN Center Atlanta, GA 30303