Markets
AG Sessions: "This is a Secret Innuendo Being Leaked Out There"
At a separate hearing Tuesday, Deputy Attorney General Rod Rosenstein declared he'd seen no basis for dismissing Mueller, the former Federal Bureau of Investigation director he appointed as special counsel after Sessions' recusal. Stephen Colbert opened the "Late Show" Tuesday with a monologue dedicated to the Russian Federation investigations and Sessions' testimony. "The Attorney General's testi... [Full Article...]
(NYSE:JPM) Sees The Needle Move on Volume
About 10.48M shares traded. (NYSE: JPM ) has risen 33.74% since June 13, 2016 and is uptrending. It has outperformed by 17.04% the S&P500. Affinity Investment Advisors Llc decreased its stake in Jpmorgan Chase & Co ( JPM ) by 15.56% based on its latest 2016Q4 regulatory filing with the SEC. [Full Article...]
Puerto Ricans vote on statehood question
On the other hand, Puerto Ricans on the island would have to start paying full federal income taxes. Options on the weekend referendum included remaining a commonwealth, becoming a state or entering free association/independence. Puerto Rico has been in recession for nearly a decade. More than 97 percent of voters favoured attempting to join the U.S. over becoming independent or remaining a se... [Full Article...]
Fed announces rate hike decision
The Fed also affirmed today it expects to begin reducing its securities holdings this year in a process it calls " balance sheet normalization ", another sign of its confidence in the economy. They continued to predict 2 percent inflation next year. These rates are well below the Trump administration growth goals of 3 percent a year. They forecast U.S. [Full Article...]
Merck KGaA (MRK) Given a €128.00 Price Target at Kepler Capital Markets
The stock increased 0.97% or $1.31 during the last trading session, reaching $136.28. In a transaction dated February 14, 2017, the shares were put up for sale at an average price of $64.73, raking in a sum of $191,212. 9,004 were reported by Rice Hall James And Limited Liability Company. Bank Of Hawaii reported 155,208 shares. (NYSE:FDS). Pnc Financial Ser Gru Inc stated it has 45,796 shares. [Full Article...]
Fed poised to hike rates for 2nd time this year
Economic activity has "been rising moderately so far this year", household spending has "picked up" and and hiring remains "solid", the Fed said . This makes no sense at all and likely will have to be revised in September, by which point it might be just 4.0%, well below the Fed's 4.6% Nairu [non-accelerating inflation rate of unemployment] estimate, down 0.1pp from March. [Full Article...]
Inflation hits 4-year high, outpacing BoE predictions
With the real interest rate touching a 15-year high in 2016-17, the latest moderation in inflation (albeit aided by a favourable base effect) bolsters the case for a rate cut. The Federal Reserve was expected to boost a key interest rate on Wednesday with officials viewing the recent slowdown in inflation as temporary. Bryant said the BoE's interest rate setters might choose to use a policy st... [Full Article...]
Economy Watch: Retail Sales Dip in May
Sales at auto dealers decelerated 0.2% last month, and the industry is concerned that vehicle sales will not match last year's record sales total of 17.6 million. The unexpected drop in retail sales was partly due to steep declines sales by gas stations and electronic and appliances stores, which plunged by 2.4% and 2.8%, respectively. [Full Article...]