Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours.The Federal Reserve announced Wednesday that it heldits benchmark interest rate after a two-day policy meeting, as had widely been expected. Here's what you need to know:Fed holds, says growth slowdown is "transitory"Six charts illustrate why the Fed is willing to overlook the economy's ugly quarterThe Fed looks shaky on its most important reason for raising interest ratesIn Wall Street news, here's abreakdown of the Republican plan to tear up Wall Street regulations.HSBC had asurprisingly good quarter.SocGen paid 816 million andavoided a potentially embarrassing day in court.A nonprofit set up by a hedge fund legend is tackling the No.1 question for corporate America. There's an incredibly risky new way to bet on stocks.And we went inside the Wall Street charity day where celebrities and star athletes pretend to be traders.There's lots of news and views on what's going on in markets. Here's what's moving:Oil sinks to its lowest level since NovemberGold is tumblingBitcoin tops $1,600 for the first timeAnd here's what people are saying:PIMCO:China is becoming more cautious with credit ' and that's not good for growthBLACKROCK:The Fed should make you wary of sovereign debtJPMORGAN:Stocks and bonds are fully valuedBIANCO: "We're more likely to go to Mars" before the 10-year hits 4%A chief strategist with insight into 7 million brokerage accounts talks Apple, autos, volatility, and moreA Wall Street legend explains why it "disturbs" him when people tell him they "play the market"The world's biggest fund managers are complaining that making money is hardThe CEO of Herbalife just called Bill Ackman "fake news"Warren Buffett's Berkshire Hathaway will host its annual meeting on Saturday. The event has become a huge occasion and is sometimes called "Woodstock for Capitalists" or "Buffettpalooza." Business Insider will cover it, and you can check back on Saturday for a blow-by-blow of the day. Ahead of time, here's what you need to know:Investors around the world are getting ready for Warren Buffett's "Woodstock for Capitalism"Warren Buffett thinks the "elite" have wasted $100 billion ignoring his best investment adviceHere's how badly Warren Buffett has crushed the marketWarren Buffett brilliantly explains how bubbles are formedThere's a lot of news in the tech sector. Here are the headlines:Traders are loading up on bets Snap will hit a record highFacebook beats across the board with $8 billion revenue and closes in on 2 billion usersFacebook admitted all the stock it gives employees is a real business cost, and it could make some other companies look badFitbit spikes after losing less money than expectedTesla announced earnings after the bell on Wednesday. Here's what you need to know:Tesla reports a wider loss than expected, says Model 3 production remains on trackA top Tesla analyst just warned investors to balance "greed and fear"A Wall Street bank eviscerates TeslaELON MUSK: Apple doesn't want to work with Tesla on a carTesla is desperately trying to avoid "misperceptions" about its long-awaited Model 3Tesla is building stores all over the world ahead of the Model 3 launchSolarCity's solar installations crash nearly 40%Elsewhere in autos,Ferrari is on a tear. And we got up close and personal with Ford's $400,000 GT supercar.Lastly, here's how much it costs to get a haircut around the world. And here are the 25 most expensive weekend getaways in the world.SEE ALSO:The 27 most important finance books ever writtenJoin the conversation about this storyNOW WATCH: A healthcare expert reveals why you should fight costly medical bills
Click here to read full news..
