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Here are 10 things you should know for Wednesday, June 15:
1. -- U.S. stock futures were higher and European stocks recovered from five days of losses as the Federal Reserve prepared to deliver its decision on interest rates Wednesday afternoon.
The Fed concludes its two-day monetary policy meeting on Wednesday with a statement and fresh forecasts, followed by Chair Janet Yellen's press conference.
Chances of a rate hike in June are virtually non-existent, but investors will be on high alert for clues to the timing of future rate increases.
2. -- The economic calendar in the U.S. on Wednesday includes the Producer Price Index for May at 8:30 a.m. EDT, the Empire State Manufacturing Index for June at 8:30 a.m., Industrial Production and Capacity Utilization for May at 9:15 a.m., and a decision on interest rates from the Federal Open Market Committee at 2 p.m.
3. -- U.S. stocks on Tuesday declined as Wall Street awaited the Federal Reserve's decision on interest rates and the United Kingdom's vote on whether to leave the European Union.
The S&P 500 fell 0.18%, the Dow Jones Industrial Average dropped 0.32%, and the Nasdaq dipped 0.1%.
4. -- Stocks in China rose despite the decision by index compiler MSCI to yet again to exclude mainland-listed "A" shares from its global index.
MSCI said China needs to make its market more accessible and closer to international standards. Inclusion of China's domestic stocks could have attracted more foreign investment as fund managers rebalanced portfolios to reflect the changes.
The Shanghai Composite finished the session with a gain of 1.58%.
5. -- Twitter(TWTR) - Get Report has invested around $70 million in music service SoundCloud, as part of a round that should end up in the $100 million range, Re/code reported, citing sources familiar with the deal.
The round is expected to value SoundCloud at about $700 million, according to Re/code.
Twitter CEO Jack Dorsey wouldn't comment on the specifics of the company's investment, but confirmed that Twitter now owns a stake in SoundCloud.
"Earlier this year we made an investment in SoundCloud through Twitter Ventures to help support some of our efforts with creators," he said. "They've been great partners of ours over the years and their community-supported approach mirrors ours in many ways."
In a statement, a SoundCloud spokesperson said, "We can confirm that Twitter has made an investment in SoundCloud. Both companies facilitate and inspire contemporary culture to happen in real time while reaching millions of people around the world. This investment will enable SoundCloud to remain focused on building value for creators and listeners alike, and to continue the global rollout of many company initiatives such as our recently launched subscription service, SoundCloud Go."
6. -- Uber Technologies is turning to the leveraged-loan market for the first time to raise as much as $2 billion, The Wall Street Journal reported.
Uber has hired Morgan Stanley, Barclays, Citigroup and Goldman Sachs to sell a leveraged loan of $1 billion to $2 billion to institutional investors, people familiar with the matter told the Journal.The company plans to issue the debt in coming weeks, some of the people said. There is no guarantee the deal will take place, the Journal noted.
The new loan would bring to roughly $15 billion the amount raised in debt and equity by Uber, which has been valued at $68 billion, according to the Journal.
7. -- The U.S. State Department said it couldn't address whether Boeing(BA) - Get Report has obtained a license to sell commercial aircraft to Iran, but a spokesman said the Iran deal allows licensing of commercial aircraft sales on a case-by-case basis, Reuters reported.
The department commented after Iran said it had reached an agreement with Boeing for the supply of jetliners, reopening the country's skies to new U.S. aircraft for the first time in decades under an international deal to ease sanctions.
Details of the agreement were left vague, but sources told Reuters that once approved the deal would involve flag carrier Iranair acquiring more than 100 Boeing jets, both directly from Boeing and from leasing companies.
Disney's first theme park in mainland China is designed to be authentically Disney but also "distinctly Chinese," Bob Iger said ahead of Thursday's grand opening for the $5.5 billion park.
Iger said he hopes the park will create stronger bonds with Chinese consumers, helping to revive its struggling international theme parks business.
"China obviously represents incredible potential for the Walt Disney Co.," he said.
Analysts expect Shanghai Disneyland to become the world's most-visited theme park, attracting up to 50 million guests a year, compared with 19.3 million people for Disney's flagship Walt Disney World in Orlando, Florida, in 2014, the Associated Press reported.
One Kings Lane, an online furnishing retailer, was valued at nearly $1 billion two years ago, according to the Journal.