TheStreet Live

The Federal Reserve wraps up its 2 day meeting and will almost certainly hand the economy an interest rate increase. The hike will make borrowing money more expensive, credit card holders are expected to feel the impact first. Investors will watch the Fed's comments today to look for hints of more interest rate increases this year. Hundreds of Twitter (TWTR) accounts were hacked. The messages were branded with the Turkish flag and sent in Turkish. Among those hacked-Forbes, The World Meterological Organization, Bitcoin and Justin Bieber's Japanese account. The Justice Department is expected to announce charges today in the massive two hacks against Yahoo (YHOO). The hacking attacks that compromised millions of Yahoo user accounts. Bloomberg reports three of those expected to be charged are in Russia.

Stocks declined on Tuesday as wild weather stifled activity and led to low volume. By the end of the session, 1.4 billion shares had changed hands on the S&P 500, below its 10-day average volume of 2.1 billion. DSW rose after topping profit estimates and expanding its margins over its fourth quarter. The shoe retailer earned 20 cents over the quarter, 4 cents higher than forecasts. Merchandise margins increased by 270 basis points to 40.4% at its namesake segment. AstraZeneca climbed in afternoon trading after publishing positive data on its late-stage ovarian cancer study. Results from a Phase 3 clinical trial resulted in improvement in progression-free survival compared to a placebo. AirMethods agreed to an acquisition by American Securities. The latter offered $43 a share in an all-cash deal with a total value of around $2.5 billion.

Stocks moved lower on Tuesday in low-volume trading as Federal Reserve members convened for their two-day meeting and blizzard conditions in New York stifled activity. Crude oil prices slumped, on track for their seventh day of losses, after the Organization of Petroleum Exporting Countries raised its forecasts for non-member production this year. The energy sector was the worst performer on markets Tuesday with the Energy Select Sector SPDR ETF falling nearly 2%. Valeant Pharmaceuticals tumbled after activist investor Bill Ackman liquidated his position and announced plans to step down from the board. Euronet Worldwide made a rival bid for MoneyGram International . The offer is 15% higher than its current deal with Ant Financial Services. Ruby Tuesday will explore strategic alternatives, including a sale or merger.

Some companies win and others lose during big snowstorms. Losers are airlines, which have canceled thousands of flights. Insurance companies can get hit as well if lots of claims are filed. Cities have to bust their budgets on overtime and salt when big storms move through. Many companies turn to telecommuting during big storms to still get work done. Some areas of the Northeast could see up to 2 feet of snow. Optimism among small business owners is soaring. The Wells-Fargo-Gallup poll shows U.S. small business owners are the most optimistic they have been since July 2007. 71% said their overall financial situation is very or somewhat good. Yahoo! detailed the golden parachute of $23 million for Chief Executive Officer Marissa Mayer as part of her planned departure from what's left of the company as it sells its core assets to Verizon . After the deal closes, Yahoo will change its name to Altaba.

Wall Street ended mixed with stocks given little reason to pull in any one direction until the Federal Reserve makes its announcement Wednesday. The central bank is expected to raise rates by 25 basis points. Intel was the biggest drag on the Dow Jones Industrial Average after agreeing to buy Israeli tech company Mobileye for more than $15 billion. The deal, which is expected to close within the year, values Mobileye at a 34% premium. J.C. Penney slumped even after S&P upgraded its credit rating. Analysts bumped its rating up to B+ on faith in the retailer's turnaround strategy in a challenging environment for department stores. ATM company NCR Corp. stumbled after Blackstone Group announced plans to sell almost half its stake. The sale could pull in nearly $700 million for Blackstone.

Stocks held mixed ahead of the Federal Reserve's meeting later this week. A rate hike at that meeting is widely anticipated, though any indication of the pace for the rest of the year could move markets. An announcement is set for Wednesday afternoon. Herbalife shares rose after billionaire investor Carl Icahn disclosed a higher stake in the nutrition and health company. Icahn purchased just over $19 million worth of stock, putting his stake at 24.6%. Boeing declined after being downgraded to EQUAL WEIGHT from OVERWEIGHT at Morgan Stanley. Analysts said the move was a valuation call based on its recent strength over the past few months. Morgan Stanley also reiterated its bullish case for Wynn Resorts . The firm said it anticipates high-single-digit growth in Macau gaming revenue going forward.

The Federal Reserve begins a 2 day meeting this week, where most expect it will raise interest rates. Recent economic data, including Friday's monthly employment report, has caused traders to bet it's a near certainty rates will rise by 1/4 point when decision in announced Wednesday. Israel's Mobileye stock is soaring on a report in Israel that Intel is buying it for $15 billion. Mobileye is a self-driving car company. If the report is true, it would be the biggest acquisition in Israeli high-tech history. The U.S. Northeast is bracing for a potentially historic March blizzard. New York City, Boston and Philadelphia are set up for 1 foot of snow lasting from late Monday through Wednesday morning. High winds are expected and the storm could slow trading as well as the economy in the Northeast.

South Korean President Park Guen Hye was impeached over allegations of corruption and cronyism. Demonstrations broke out in the Capitol and two people were killed. Park Guen Hye was South Korea's first female president. There's been a huge discovery of onshore oil in the United States. It's said to be the largest in at least 30 years. Repsol (REP) says it discovered 1.2 billion barrels of oil in Alaska. Initial production is expected to start in 2021 with the potential to extract up to 120,000 barrels of oil a day. Beauty products store Ulta blows past Wall Street expectations but the company did issue a soft sales outlook. Sales at the chain were fueled by new store growth and a 16.6% sales increase at its existing locations and website.

The GOP healthcare plan cleared the first hurdle as the House Ways and Means Committee approved it. The passage comes as the American Medical Association and AARP both came out against it. Lawmakers debated the proposal into the wee hours, finally wrapping up discussion at 4 am Eastern Time. Oil has fallen back below $50 a barrel. West Texas Intermediate is at the lowest level of the year and suffered its worst one day percentage drop Wednesday in over a year. Oil prices have been falling as government data show the largest supply of oil on record. Staples says this morning it will close 70 stores in the United States. The office supply retailer says it lost $1.46 a share versus a profit of 13 cents a share a year ago. The Chief executive says things are on track to get back to sustainable earnings and sales growth.

President Donald Trump is meeting with conservative leaders about healthcare today. It's not clear exactly who he will be meeting with but several conservative leaders have expressed displeasure at the new health care plan introduced by House Republican Leadership and backed by Trump. The President also has a meeting on infrastructure today. Nike will soon begin selling a sports hijab for Muslim women athletes. The head cover is called the 'Nike Pro Hijab.' Nike says it's been working on the product for a year after some Muslim athletes complained about wearing a traditional head scarf during sports competitions. American women will make their role in the workplace known today for 'International Women's Day'. The day is meant to call attention to the lack of gender diversity on corporate boards and the pay gap between men and women.