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Fed announces a start to modestly reducing its bond holdings

After leaving its benchmark rate at a record low for seven years after the 2008 crisis, the Fed has modestly raised the rate four times since December 2015 to a still-low range of 1 percent to 1.25 percent. Earlier, EUR climbed as high as 1.2033 as markets initially reacted to the Fed decision to keep rates on hold. Of course, raising rates is also part of policy normalisation.

Business

SEC says it was hacked, possibly resulting in illegal profits

Cyber criminals have targeted financial information hubs before - the Hong Kong stock exchange and the Nasdaq stock exchange in NY were targeted by hackers in 2011. The statement provides an overview of the Commission's collection and use of data and discusses key cyber risks faced by the agency, including a 2016 intrusion of the Commission's EDGAR test filing system.

Business

USA dollar surges after Fed policy statement

It added that the near-term risks to the economic outlook remained "roughly balanced" but said it was "closely" watching inflation . The Fed mentioned in its July meeting that it expects to start a balance sheet normalization program relatively soon.

Business

Equifax customer service reps sent people to fake security website

Leaving its digital doors wide open to criminals apparently wasn't enough for the credit reporting agency, as it's now sending hack victims directly into the open arms of unknown internet pranksters. Sweeting told Gizmodo in an interview. " Equifax should have hosted this on equifax.com with a reputable [EV] SSL Certificate. Instead they chose an easily impersonated domain and used a jelly-bean SSL cert that any script kiddie can impersonate in 20min".

Business

Wall Street Ends Strengthening on Higher S&P Index

Bond yields rose following the Fed's announcement Wednesday. Banks benefit from higher rates, which can translate into higher profits from lending money. U.S. stocks ended higher on Tuesday, with Dow and Nasdaq closing at record highs, as the Federal Reserve began a two-day monetary policy meeting.

Business

U.S. stocks close higher ahead as Fed meeting starts

At a two-day meeting beginning later on Tuesday, the Fed is expected to take another step toward policy normalization and announce plans to begin unwinding its $4.2 trillion portfolio of Treasuries and mortgage-backed securities. That isn't expected to improve next month either when the force of the impact from Hurricanes Harvey and Irma weighs on housing starts activity. Oil prices had been in the red for much of the day - with WTI down as much as 1.4% - on the back of strength in the ...

Business

Commonwealth Bank Sells Life Unit to AIA for A$3.8 Billion

Annabel Spring , CBA's head of wealth management, will leave the bank in December. Australia and New Zealand Banking Group has said it may sell its life insurance and wealth divisions, while Westpac Banking Corp also has started exploring a possible life insurance sale, according to reports in the Australian media.

Business

Does Chevron Corporation (CVX) Present Much Upside ?

It has underperformed by 10.02% the S&P500. Downstream operations consist primarily of refining of crude oil into petroleum products; marketing of crude oil and refined products; transporting of crude oil and refined products, and manufacturing and marketing of commodity petrochemicals.

Business

Conte prepared to give Chelsea bad-boy second chance

Ampadu, who turned 17 last week, however, would not become Chelsea's youngest ever player as Ian "Chico" Hamilton still holds that honour. Conte's men had quickly grabbed complete control of the game and the Stamford Bridge faithful were then treated to some tidy footwork, a Kenedy shoulder pass, and then a moving moment as Charly Musonda Jr found the net on his long-anticipated Chelsea debut.

Business

Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) Takes Off in Trading Today - Up $30.67

Checking some other stock price data, we can see that the recent distance from the 50 day high was noted at -12.49% and the separation from the 50 day low is presently 10.72%. The same analysts have a future one-year price target of $70.88 on the shares. Alnylam Pharmaceuticals ( NASDAQ ALNY ) traded up 51.6269% during trading on Wednesday, hitting $113.7808.

Business

Overwatch League Announces Three New Teams

Which is where all preseason and regular season games will take place when Overwatch League competition begins January 10, 2018. The announcement confirms previous reports about the teams and also caps the first season of Overwatch League at 12 teams.

Business

TSX up 87 points in midafternoon trading; dollar rises

The financials group gained 0.3 per cent, and the industrials sector rose 0.8 per cent. Air Canada shares surged 7.4 percent to C$25.05 after several analysts raised their target prices and ratings on the airline following its update of its 2018 to 2020 financial goals.

Business

Sri Lanka announce Test team against Pakistan

Many skippers were changed after Angelo Mathews stepped down after the Zimbabwe loss which gave way to Dinesh Chandimal and then later on Upul Tharanga was made captain. "The new Selectors will begin their term with the selection of the Test Squad to take on Pakistan in their tour of UAE commencing early next week", Sri Lankan Cricket website said.

Business

Taking a Fresh Look at Pfizer Inc. (PFE)

As per Wednesday, August 16, the company rating was maintained by Jefferies. The stock has "Buy" rating by Citigroup on Friday, September 18. The firm earned "Outperform" rating on Thursday, May 26 by Cowen & Co. The value of the total investment in Pfizer, Inc. increased from $1,128,000 to $1,485,325,000 increasing 131,577.7% quarter over quarter. In the last earnings report the EPS was $1.37 and is projected to be $2.56 for the current year with 5,947,349,000 shares now outstanding.

Business

Digital Realty Trust, Inc. (NYSE:DLR) Worth Watching Stock

Digital Rlty Tr Inc now has $24.21B valuation. During the same quarter a year ago, the company earned $0.40 earnings per share. About 47,463 shares traded or 102.04% up from the average. The ex-dividend date was Wednesday the 28th of June 2017. Federal Realty Investment Trust ( FRT ) opened at 125.38 on Monday. (NYSE:EDR) rating on Monday, April 25.

Business

Asian stocks flat as investors await Fed meeting results

S&P 500 and Dow futures pointed to a fractionally higher start in NY as a small rise from London's FTSE helped Europe claw back to flat, having spent the morning in and out of the red. Health index .SPXHC was the biggest laggard on the S&P, pulled lower by United Health's 2.2 percent fall. In the NY session, US existing home sales data for August and crude oil inventories data are slated for release.

Business

BidaskClub Lowers Walgreens Boots Alliance, Inc. (WBA) to Sell

Rite Aid Corp . has received regulatory approval to sell 1,932 stores and three distribution centers - including the newest one located in Spartanburg County - to Walgreens Boots Alliance Inc . After having $1.33 EPS previously, Walgreens Boots Alliance Inc's analysts see -8.27% EPS growth. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States & global copyright & trademark legislation.

Business

Puerto Ricans on LI watch with dread as Maria hits island

Authorities said 40 per cent of households in the territory of some 400,000 had no electricity, and 25 per cent of landlines had been cut. The storm keeps strengthening as it makes its way towards the Caribbean islands, and it's expected to become a Category 4 hurricane when it hits the Leeward Islands in the following days.

Business

Northrop Grumman buing Orbital ATK

State Of New Jersey Common Pension Fund D stated it has 0.04% in Northrop Grumman Corporation (NYSE: NOC ). Company insiders own 0.70% of the company's stock. An afternoon recap of the day's most important business news, delivered weekdays. The deal by Northrop expands its lineup of products in areas like composites, munitions and rocket propulsion.

Business

NVIDIA Corporation (NASDAQ:NVDA) Trading Down - Short Interest Up by 10.55%

Shares of NVDA have uptrended 19.22% in the past three months, while the S&P 500 has moved 15.6% in that time. The Morgens Waterfall Vintiadis & Co Inc holds 36,000 shares with $3.84M value, down from 43,000 last quarter. & worldwide copyright and trademark legislation. The legal version of this report can be accessed at https://stocknewstimes.com/2017/09/20/nvidia-corporation-nvda-stake-lessened-by-northwestern-mutual-investment-management-company-llc.html.

Business

Electric bus in record-breaking journey

Their effort proved not to be in vain as a modified Proterra bus just set a new record for the longest distance driven on one charge for any electric vehicle . Proterra now sells a 40-foot Catalyst E2 with a 350mile driving range for $700,000 a piece.As of June, Proterra had sold 400 buses in 15 states across the country.

Business

Synchronoss Technologies, Inc. (SNCR), ITUS Corporation (ITUS)

Verition Fund Mngmt Limited Liability Corp has 8,024 shares for 0.03% of their portfolio. Utd Svcs Automobile Association holds 0.01% of its portfolio in Synchronoss Technologies, Inc . Synchronoss stock plummeted by 37% to 10.44 in morning deals on the stock market today . Considering that the stock daily volume of 21.68 million shares, this represents a pretty noteworthy shoot in volume.

Business

Ryanair provides update on flight cancellations

In a statement this afternoon, Ryanair said all 315,000 customers affected customers received email notices of the cancellations on Monday. It expects 300,000 impacted passengers, or 95% of the total, to have been booked on alternative routings or given refunds by 24 September.

Business

Markets cautious on eve of Fed rate call

Back-to-back hurricanes that slammed into Texas and Florida - with Hurricane Jose still looming off the eastern United States seaboard and Hurricane Maria bearing down on Puerto Rico - also could influence Fed thinking about the timing of the next rate hike, though it is unclear in what direction.

Business

Brokers Change Their Target Price On General Mills, Inc. (NYSE:GIS)

Bernstein. "We're taking deliberate steps through innovation, brand building, and increased organizational agility to position the company for long-term top- and bottom-line growth", said CEO Jeff Harmening. General Mills had a net margin of 10.23% and a return on equity of 35.10%. The firm had revenue of $4.10 billion for the quarter, compared to analysts' expectations of $4.23 billion.

Business

OECD upgrades eurozone and China growth forecasts; United Kingdom and USA unchanged

The world economy is seen growing 3.7 percent in 2018, up 0.1 point from the previous projection, after a 3.5 percent increase in the previous year, unchanged, the OECD said. Russian Federation is rebounding from a recession with higher oil prices and lower interest rates providing a near-term boost to growth, which is projected at around 2% this year and next, while in Brazil, monetary easing is helping the gradual recovery and the strong decline in inflation is supporting consumer confidence.

Business

Teva Pharmaceutical Industries Limited (TEVA)

As of December 31, 2016, the Company had a global portfolio of over 1,800 molecules. Nvidia Corp (NASDAQ:NVDA) was reduced too. Analysts have a mean recommendation of 2.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

Business

Bed Bath & Beyond Inc. (BBBY) Updates FY18 Earnings Guidance

DM share have rallied by 1.86% in percentage terms since the start of the year - and added 17.81% in the last month. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.22%. Price T Rowe Associate Md, a Maryland-based fund reported 10,399 shares. Guggenheim Capital Ltd Liability has 127,160 shares for 0.01% of their portfolio.

Business

Adobe Systems shares lower premarket after third quarter results top estimates

It has outperformed by 25.59% the S&P500. The stock of Adobe Systems Incorporated (NASDAQ: ADBE ) has "Buy" rating given on Tuesday, August 22 by Canaccord Genuity. Analysts reported that the Price Target for Adobe Systems Incorporated might touch $184 high while the Average Price Target and Low price Target is $160.71 and $114 respectively.

Business

Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) Shifting Institutional Investors Sentiment

BAS's SI was 2.24 million shares in September as released by FINRA. Its down 15.56% from 550,100 shares previously. The ratio is negative, as 15 investment professionals opened new or increased equity positions, while 21 decreased and sold their holdings in Wheeler Real Estate Investment Trust Inc.

Business

Toyota launches new GR sports auto brand

It's convoluted range that covers everything from minivans to sports cars over three "levels" of intensity, so do make sure you're paying attention. We first got a taste of Toyota's new sporty offerings with the Yaris GRMN hot hatch exclusive for Europe revealed earlier this year, but that was just the start of Toyota's new GR sports auto range which is spread across three tiers.

Business

US Navy fires two commanders after deadly sea collisions in Asia

Charles Williams - commander of Combined Task Force 70 and Carrier Strike Group 5, which oversee forward-deployed naval forces in the Pacific - and his subordinate Capt. "At the core, this issue is about command, " he said, which includes the spiraling consequences of a "can-do" culture that agrees to take on missions despite perilous gaps in training and certifications created to measure how ready ships and sailors are for combat.

Business

United Kingdom retail sales rise faster than expected

Retail sales volume including auto fuel advanced 1% in August from July, the biggest growth in four months and exceeded the expected rate of 0.2% and July's increase of 0.6%. Looking at the three months to August as a whole, which smoothes out monthly volatility, sales growth rose to 1.2 percent from a three-monthly rate of 0.7 percent in July.

Business

SK hynix keeps mum on Toshiba deal

Toshiba plans to conclude a deal on the sale of the unit, Toshiba Memory Corp., within the day and make an announcement later, according to the sources. Earlier news reports said that the Japanese chip company had been delaying the final decision for sale as part of its efforts to raise the bidding price.

Business

Tata Steel, ThyssenKrupp to combine steel operations in Europe

With this deal, both the companies will be able to form a strong number 2 player in the European steel market. Tata Steel cleared a hurdle for the venture after a United Kingdom regulator approved a deal to solve a long-running pension standoff, which Thyssenkrupp CEO Hiesinger had said was potentially a major stumbling block to the combination.


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