Global Markets Cheer Federal Reserve Decision to Stand Pat on Rates

The U.S. Central Bank kept the benchmark interest rate unchanged but hinted a rate hike is in the cards for December. Global markets are responding positively with rallies around the world. Janus Capital's Bill Gross calls the Fed's decision 'confusing' and says after the announcement he was quote 'verklempt' and almost unable to speak. Nike ( (NKE) - Get Report ) will update investors and potential investors on its business today. The sports apparel company is holding its annual meeting. Nike shares are down 6% so far this year after a strong 2015. Yahoo! ( (YHOO) ) is expected to confirm today a massive data breach over the summer that could impact hundreds of millions of users. Recode says their sources were unspecific about the extend of the hack since there is the likelihood of government investigations and legal action related to the breach. But they do indicate it is widespread and serious.

This article was written by a staff member of TheStreet.