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What the Fed rate hike means for homebuyers

Fed Chair Janet Yellen will release interest rate forecasts Wednesday at 2:30 p.m. ET during a live news conference after the conclusion of a two-day meeting. She said Fed meeting minutes and other communications all added up toward a push toward higher rates, so it became incumbent on officials to weigh in as the March meeting got closer.

Business

US Fed Lifts Rates, Reaffirms 'Gradual' Outlook

The FOMC members also stuck with their so-called "dot plot" projection of a total of three hikes in rates this year, going against expectations in some quarters of a more aggressive forecast for monetary tightening. And the Fed made clear in its statement that it was not planning to start shrinking the size of its $US4.5 trillion balance sheet by deliberately not rolling over maturing debt.

Business

FOMC Hikes Rates by 25-bps Meeting Expectations, Sends US Dollar Lower

Although inflation is "close" to the Fed's 2% target, it noted that goal was "symmetric", indicating a possible willingness on the part of the central bank to allow prices to rise at a slightly faster pace. "This policy, by keeping the Committee's holdings of longer-term securities at sizeable levels, should help maintain accommodative financial conditions", this morning's statement ended.

Business

Toyota to invest £240 million to upgrade Burnaston plant near Derby

The investment also includes £21.3m from the United Kingdom government, which will be used for training, R&D and enhancements of the plant's environmental performance. Toyota plans to build most of its global models through its new global architecture platform by 2020. Between the Burnaston facility and an engine plant based in Deeside, North Wales, Toyota employs approximately 3,400 British-based workers.

Business

Piedmont Office Realty Trust, Inc. (PDM) Shares Bought by Guggenheim Capital LLC

A number of other equities analysts have also issued reports on HR. Further, analysts have a 12 month target price of $9.86 on company shares. 06/13/2014 - Acadia Realty Trust had its " rating reiterated by analysts at Cowen. The legal version of this news story can be viewed at https://www.com-unik.info/2017/03/16/silver-bay-realty-trust-corp-sby-upgraded-to-strong-buy-by-zacks-investment-research.html.

Business

International Business Machines Corp

It trades at an average volume of 3.59M shares versus 3.48M shares recorded at the end of last trading session. A number of other research analysts have also recently commented on the company. The ex-dividend date of this dividend was Wednesday, February 8th. This represents a $5.60 annualized dividend and a dividend yield of 3.17%. With these kinds of figures it is worthy to note that International Business Machines Corporation (IBM ) has been put into a neutral territory, but there are ...

Business

Fed raises rates as job gains, firming inflation stoke confidence

Policymakers voted nine to one to raise rates. Another inflation gauge, the consumer price index, increased 2.7% for the 12 months ended February 28, the government reported Wednesday. The Fed's "dot plot" still indicates three rate hikes this year and next, but inched up in 2019, when it projected the median fed funds rate could be 3%, instead of its 2.9% forecast last December.

Business

Trump's Annnouncement Here May Lead To Lower Environmental Standards for Automakers

Trump criticized the Obama administration for expediting its review of the standards, which was originally slated to be complete next year. Under the standards from the Obama administration, the efficiency of new vehicles sold in the United States would have to steadily improve through 2025 and ultimately reach 54.5 mpg on average.

Business

Politics PAUL RYAN: The CBO report 'actually exceeded my expectations'

Here's where we are now: men who are now acting as if Trump's boasts of sexual assault are no big deal are going to decide whether women will have coverage essential to their reproductive health. "There is no estimate in looking at this bill that in less money going to subsidies, with older Americans being able to be charged five times what younger Americans are being charged and with no variation based on income, that more people will have coverage", she said.

Business

Amid tensions with North, US military deploys attack drones to South Korea

Encouraged by USA withdrawal from the Trans-Pacific Partnership, the Asia Pacific trade agreement signed by the Obama administration, China now sees a window of opportunity to take the lead in East Asia's economic and diplomatic affairs, and North Korea's nuclear problem is the window of opportunity for Xi Jinping.

Business

Annual inflation down, monthly up

It was 5.26 percent in February a year ago. At 3.65 percent, retail inflation is hurtling fast towards the government and Reserve Bank of India's (RBI's) the lower tolerance limit and can be a cause for worry unless steps are taken to engineer a quick turnaround in consumer spending.

Business

Wall St higher as oil recovers; Fed in focus

It had been up through the day, and the gains accelerated immediately after the Fed made its announcement. The benchmark S&P/ASX 200 inched up 11.80 points or 0.20 percent to 5,785.80, while the broader All Ordinaries index rose 13.80 points or 0.24 percent to 5,827.50.

Business

Anil Agarwal To Invest Up To Two Billion Pounds In Anglo American

However, the move comes less than two months after Mr Agarwal said in an interview that a tie-up between Vedanta's Hindustan Zinc and Anglo that had been knocked back previous year would have been a match where "one and one wasn't two but eleven".

Business

Additional 2% dearness allowance: An icing on the cake for government employees

In a development that is likely to bring cheer among central employees, the Union Cabinet has approved a 2% hike in Dearness Allowance (DA) for central government employees. Even though the price rise is on the same side of the coin of allowance, it ignores the rise beyond the decimal point for making the calculation of the Dearness Allowances easy.

Business

US Fed raises interest rates for second time in three months

Major banks are expected to increase the prime rate to 4% from 3.75%. USA economy on a strong footing: Fed noted that the USA economy's was progressing well toward its employment and price stability objectives. "We also expect the neutral level of the federal funds rate to rise somewhat over time, meaning that additional gradual rate hikes are likely to be appropriate over the next few years to sustain the economic expansion".

Business

Police say man has admitted killing Irish woman Danielle McLaughlin

Police have also said they sent her body to Goa Medical College for a post mortem. The woman, 28, is reported to have suffered injuries to her face and head. They then informed the Canacona Police Station. "The Irish Department of Foreign Affairs and Trade stands ready to provide consular assistance", the department said in a statement to the Irish Times .

Business

Captain Amarinder to take oath on March 16

This is the second time that Singh would be taking the oath as chief minister having served in that capacity in 2002-2007. Amarinder Singh later met the governor and staked his claim to form the next government in the state. Amarinder's friend from Pakistan, Aroosa Alam, also attended the swearing-in ceremony. The Congress, which swept the Punjab assembly elections, on Sunday formally elected Amarinder Singh as the head of the Congress Legislature Party (CLP).

Business

Next Weeks Broker Price Targets For DSW Inc. (NYSE:DSW)

The stock traded with the volume of 3.28 Million shares in the last trading session. Taking look on per share earnings estimates, its next year first quarter current estimate trend for EPS was for $0.43 and on annual basis FY 2016 estimate trends at current was for $1.41 as compared to one month ago of $1.41, and for next year per share earnings estimates have $1.53.

Business

Gold steady ahead of Fed meeting, expected United States rate rise

Gold prices edged up on Wednesday on safe-haven buying due to uncertainty over the outcome of Dutch elections, while markets waited for clues on the pace of United States interest rate hikes this year. ABN Amro analyst Georgette Boele said: "We see some stabilisation (in gold)". Gold hit a five-week low on Friday but recovered after a US non-farm payrolls report failed to meet elevated expectations, weighing on the dollar.

Business

Xerox Corporation (NYSE:XRX) Analyst Opinion

Zacks offers analysts with an Average Broker Rating (or ABR), basing it on sell-side recommendations. To assess the movement of stock we should look over what analysts have to say about the stock current performance. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.71% with $949.01 Million sitting short, betting on future declines.

Business

Trader's Round Up: TG Therapeutics, Inc. (NASDAQ:TGTX)

In addition, 38 percent of CVS Caremark commercial clients achieved a negative trend - which means they actually spent less on their prescription benefit in 2016 than they did in 2015, despite rising drug prices. (NASDAQ:TGTX) reported its Actual EPS of $-0.48/share. A total of 4.86M shares exchanged hands, whereas the company's average trading volume stands at 2.67M shares.

Business

Volatile Stock Causing a Fracas Mid-Session: NeoPhotonics Corporation (NYSE:NPTN)

Company's distance from 20 day simple moving average is -24.25% and distance from 50-Day simple moving average is -25.39%. 3294897 shares were traded on NeoPhotonics Corporation's last session. Chicago-based equity research firm Zacks Investment Research has assigned this stock ABR (Average Brokerage Recommendation) of 1.33, indicating analysts in general look favorably on the company's future prospects.

Business

GoPro Says It Will Lay Off 270 People to Achieve Profitability

It follows a cut in November of 15 percent of GoPro's staff, about 200 jobs at the time. He stressed that the company was facing no new problems, with revenue on the rise, and that the belt-tightening was motivated by a drive to become profitable.

Business

State govts blamed for gas supply shortage

South Australia's Treasurer and Energy Minister Tom Koutsantonis said he had built up healthy budget surpluses which would now pay for the bold energy plan. Mr Willox said some of the impact on rising prices would be lost, particularly on gas, if other states retained their bans. "If you watch the two or three minutes of footage that show Weatherill calling out Frydenberg, you can see the awkwardness building and building to astronomical levels", said one scientist The Backburner contacted.

Business

Summary of Stock Move: Realty Income Corporation (NYSE:O)

GAM Holding AG now owns 3,783 shares of the real estate investment trust's stock worth $409,000 after buying an additional 82 shares during the last quarter. The current assessment forSL Green Realty Corp. The correct version of this story can be accessed at https://baseballnewssource.com/markets/sl-green-realty-corp-slg-given-average-recommendation-of-hold-by-brokerages/505773.html.

Business

Retail Theft Crime Ring Operated For Twenty Years Out Of Manhattan Apartment

Over the course of the 10-month probe, dubbed "Operation Sticky Fingers", investigators seized more than 5,300 stolen electronics and ink cartridges from alleged members of the criminal enterprise. They would send Rimbaugh the stolen items, authorities said. The crew was nabbed during a long-term investigation using wiretaps. When worn underneath regular clothing, "bazookas" can hide large amounts of merchandise.

Business

EIA's Crude Oil Inventories Could Surprise Traders

It supported crude oil (FENY) (FXN) (USL) (ERX) prices in post-settlement trade on March 14, 2017. US fuel inventories also fell last week, showing the oversupply of refined products also is beginning to dip. In the Permian (and what's a shale recovery without the Permian), wellhead breakeven prices in the Permian Midland have dropped from $71/barrel in 2014 to $36/barrel in 2016-a 49-percent decrease-the steepest among the main US shale plays, Rystad Energy said in its Permian Midland review.

Business

Missing snowshoers from Boston presumed dead after Canadian avalanche

Mounties were contacted Tuesday by staff from a hotel that two guests from Boston hadn't checked out of their room in Field, B.C., just west of the Alberta border. "Later in the day, it wasn't safe for us to get into the area to do a ground search". The victims' families have been notified, police said. The avalanche risk for the area was considered high.

Business

US CPI hits five-year high in February

Both wholesale price index (WPI) and consumer price index (CPI) witnessed an upward trend for the month of February 2017. February Consumer Price Index (CPI) indicated that inflation rate dropped to 17.78 per cent for the first time in 15 months.

Business

GM re-hiring MI workers after cuttign 4400 jobs

According the Reuters, the company cited increased demand for larger vehicles. The Lansing Delta Township plant will drop a third shift this spring as production of the GMC Acadia moves to Spring Hill, Tennessee. The news comes as U.S. President Donald Trump is set to visit MI later on Wednesday to announce that his administration will reopen a review of fuel efficiency standards, a move that could help automakers sell more of their larger models.

Business

Stocks under Profitability Radar: Dick's Sporting Goods, Inc. (NYSE:DKS)

Finally, B. Riley reaffirmed a "buy" rating and issued a $68.00 target price on shares of Dicks Sporting Goods in a research note on Monday, November 21st. This represents a $0.68 annualized dividend and a dividend yield of 1.44%. Dicks Sporting Goods's dividend payout ratio (DPR) is now 21.11%. On 8/25/2016 Michele Willoughby, EVP, sold 36,737 with an average share price of $58.78 per share and the total transaction amounting to $2,159,400.86.

Business

US Federal Reserve increases key interest rate again

But now, the economy is widely considered sturdy enough to handle modestly higher loan rates. Those rates are based on benchmarks like banks' prime rate, which moves in tandem with the Fed's key rate. Stocks were slightly higher in cautious trading on Wall Street ahead of what investors expect will be another interest rate increase from the Federal Reserve.

Business

What do Analysts Say about: Intel Corporation (NASDAQ:INTC)

INTC has been the subject of several other reports. Needham & Company LLC reaffirmed a "buy" rating on shares of Intel in a report on Friday, February 10th. Also, EVP Diane M. Bryant sold 680 shares of the business's stock in a transaction dated Monday, January 30th. The shares were sold at an average price of $36.49, for a total transaction of $2,884,570.99.

Business

Lookout for Price Target? Starbucks Corporation (SBUX), Johnson & Johnson (JNJ)

Garde Capital Inc. raised its position in shares of Starbucks by 53.8% in the third quarter. When we look at the Volatility of the company, Week Volatility is at 1.45% whereas Month Volatility is at 1.09%. The ex-dividend date was Tuesday, February 7th. Starbucks's payout ratio is 51.28%. "(SBUX)" was first reported by The Cerbat Gem and is owned by of The Cerbat Gem.

Business

Stock Price of Oracle Corporation (ORCL) Decreases -0.02%

Several large investors have recently added to or reduced their stakes in ORCL. Vetr upgraded shares of Oracle from a "hold" rating to a "buy" rating and set a $42.92 price target on the stock in a research report on Monday, November 28th.


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