The Federal Reserve saw jobs growth in the US as the trigger to begin tapering QE, and has raised its economic growth forecast, the minutes of the last Federal Open Market Committee (FOMC) meeting reveal.
Warren Buffett's Berkshire Hathaway is set to miss its five year performance target for the first time in over four decades.
Nick Ford, manager of the Miton US Opportunities fund, has selected his top five quality US equities poised to benefit from the strong recovery in the world's largest economy and an improving environment for consumer and business spending.
US markets soared to new all-time highs on Wednesday as the Federal Reserve made a surprise early move to gradually scale back quantitative easing.
Legg Mason's chief executive Bill Miller is setting up a mutual fund under his own name, to be run together with his son as assistant fund manager.
US treasury yields have jumped and US futures have fallen after the second reading of US GDP growth for Q3 saw a large upward revision.
Tech giant Apple has bought social media analytics firm Topsy Labs, according to reports.
US futures firm MF Global Holding has been ordered to pay $1.2bn (£740m) in restitution to its customers over its collapse.