September 17
Good evening.
The decision is out: the Federal Reserve will not be raising interest rates yet, but Chairwoman Janet Yellen promises that a 2015 rate rise is still the goal. Stocks were up slightly midday, but dipped after the Fed announcement. The Dow closed with a 0.4% loss. The S&P 500 fell 0.3%, but the Nasdaq posted a 0.1% gain. Oil fell slightly, dropping just below $47/barrel.
Here’s what else you need to know:
Ron Perelman quits Carnegie Hall board. The financier announced his resignation, effective next month, following ongoing battles with Carnegie Hall leaders. Perelman says the hall lacks transparency in operations, and the process of approving third-party transactions is lacking. Wall Street Journal
FIFA exec suspended. Jerome Valcke, the second highest ranking FIFA official, is on leave while under investigation for corruption. Valcke may be tied to the black-market sale of World Cup tickets. New York Times (paywall)
Florida woman arrested for weapons warehouse. Nikole Dykema reportedly had at least 3,714 bladed weapons, including machetes and hatches, in a house. The 47-year-old woman also booby trapped the home and yard. It’s not clear why Dykema had the weapons, but she was arrested for a parole violation. CNN
The military in Burkina Faso has staged a coup. Just days before the general elections, the military has seized the President and Prime Minister and declared military rule. An official called out the leaders of the West African nation as a “deviant transitional regime.” Ex-general and former presidential advisor Gilbert Diendere has been declared the new leader. CNN
Housing starts edge lower in August; stocks edge higher. Starts fell to 1.126 million, 3% below the July level which were revised downward along with June. Housing is recovering, but is still well below the norm. Stocks climbed after the report — could there be some traders hoping the disappointing numbers will thwart a rate hike?
Carly Fiorina shines in raucus Republican debate. The former Hewlett-Packard CEO appeared to rattle the usually unflappable Donald Trump, the frontrunner. The other nine Republican challengers chipped away at Trump, chastising him for his personal insults and questioning his ability to stand on the world stage. CNBC
Japan upper house OKs defence bills amid chaos. A panel in Japan’s upper house on Thursday approved legislation for a security policy shift that would allow troops to fight abroad for the first time since World War Two, a ruling party lawmaker said. Opposition lawmakers tried to physically prevent the vote in a chaotic scene carried live on national television. The legislation has sparked huge protests from ordinary voters. Channel News Asia
Chile coast rocked by 8.3 magnitude quake. At least five people were killed and 1 million evacuated from affected areas, when a powerful 8.3-magnitude earthquake struck Chile Wednesday. CNN
Desperate migrants clash with police in Hungary. Hungarian riot police responded to one of the worst bursts of violence that this tense refugee summer has seen. Agitated migrants at the border crossing were pelted with water cannons, head-cracking batons and both tear gas and pepper spray. New York Times (paywall)
Hungary seals borders. Migrants, mostly from Syria, were redirected to Croatia on their trek to northern Europe. Croatia is promising assistance to the refugees to reach their final destinations. BBC
You won’t believe this:
Taste the cheesy rainbow. Doritos has rolled out rainbow colored chips inspired by the LGBT Pride flag. Bags of the colorful chips are available to donors of the It Gets Better Campaign, a nonprofit for the LGBT community. ABC
Brooklyn amour. Parisians love the Brooklyn hipster stereotype and are buying into it, literally. High-end story Le Bon Marche is selling the most hipster things possible, such as knitted beanie caps and beet flavored bagels, and the French are eating it up. Wall Street Journal
Hot debate guy really wins Republican debate. Around the country people turned their attention from the Republican presidential candidates to the attractive man sitting behind Jake Tapper. #HotDebateGuy started trending and the Internet started stalking. The man happens to be Greg Caruso, son of real estate development king Rick Caruso, and he’ll be changing the hearts of voters everywhere. BuzzFeed
Photo: Ludovic Péronhttps