Markets
Fed Hikes Interest Rate, Maintains Forecast Through 2018
The Fed foresees 1.7 percent core inflation in 2017, down from 1.9 percent in the prior projection. But with the USA economy much improved now, it needs less of the Fed's monetary medicine. Of course, the Fed has been awful at predicting inflation in the past. NOGUCHI: Fed officials raised interest rates today despite the fact that the latest readings on inflation show that it is not picki... [Full Article...]
Trading Notes on Whiting Petroleum Corporation (NYSE:WLL): Active Stock Recap
It has a market capitalization of $2.51 Billion. The stock gained 0.16% or 0.07 points. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since June 14, 2016 and is uptrending. The firm has "Buy" rating by S&P Research given on Wednesday, October 14. On Wednesday, December 21 the stock rating was initiated by R. F. Lafferty with "Buy". [Full Article...]
US Fed hikes rates, balance sheet reduction seen in 2017
Policy makers agreed to raise their benchmark lending rate for the third time in six months, maintained their outlook for one more hike in 2017 and set out some details for how they intend to shrink their $4.5 trillion balance sheet this year. [Full Article...]
Analysts Opinions on: Wells Fargo & Company
The stock declined 1.02% or $0.37 reaching $35.51 per share. About 10.47 million shares traded. Hikari Tsushin Inc reported 13.37% in Wells Fargo & Co (NYSE: WFC ). The Indiana-based 1St Source Financial Bank has invested 0.53% in Wells Fargo & Co (NYSE: WFC ). M&T Savings Bank Corp stated it has 0.82% in Wells Fargo & Co (NYSE: WFC ). [Full Article...]
Witness captures video of shooting where US congressman, four others wounded
The attacker was shot and later died. Both are expected to recover. Wednesday's shooting of a top Republican while he was practicing for a congressional baseball game has jolted lawmakers. According to an Associated Press news alert sent just before 3 p.m., Scalise was in critical condition following surgery. But an indication that Republicans were targeted: one eyewitness said before... [Full Article...]
Higher holiday prices help inflation climb to near four-year high
It was the second monthly decline in the past three months and underscores how inflation has been a no-show in the slow-growing USA economy. The impact of the fall in the pound since last year's Brexit vote made itself felt in Tuesday's inflation data as the higher cost of foreign holidays and imported computer equipment and video games helped push up consumer prices by 2.9 per cent, year-on-yea... [Full Article...]
Gulf to trade quietly, Qatar may continue slow rebound
Analysts estimate that at least 40 percent of all of Qatar's food supplies are transported across its land border with Saudi Arabia. An embargo has also cut off food, transport and other links between the four countries and Qatar, which typically imports around 80 percent of its food from its neighbors. [Full Article...]
Michigan Health Chief Charged With Involuntary Manslaughter For Flint Water Crisis
Five Michigan state officials have been charged with involuntary manslaughter in the death of a man who contracted a fatal illness from contaminated water in the city of Flint . "We didn't talk much, but when we did, he was amusing", she said with a laugh. "This crisis was entirely preventable , and a startling reminder of the critical need to eliminate all sources of lead from our child... [Full Article...]