12 min

Markets await the Federal Reserve’s update; FedEx delivers earnings results; Ausnet’s potential takeover takes a turn‪.‬ Recap

    • Investing

Markets await the Federal Reserve’s latest policy announcement, due tomorrow morning (NZT). Brookfield Asset Management (BAM) and APA Group (APA) are in a bidding war over Ausnet Services (AST). FedEx’s (FDX) profit falls as it faces pandemic-driven labour shortages and global supply chain issues. Insurance company Tower (TWR) downgrades its earnings guidance.

Markets await the Federal Reserve’s latest policy announcement, due tomorrow morning (NZT). Brookfield Asset Management (BAM) and APA Group (APA) are in a bidding war over Ausnet Services (AST). FedEx’s (FDX) profit falls as it faces pandemic-driven labour shortages and global supply chain issues. Insurance company Tower (TWR) downgrades its earnings guidance.

12 min