Markets
Gold Price Retreats as Fed Holds Interest Rates Steady
The interest rate decision itself is nearly universally expected to hold the target range for the Fed Funds rate unchanged at 1.00%-1.25% for the time being. Financial markets barely moved after the release of the statement and projections. Their projections remained the same as in June for the unemployment rate, which is forecast to be at 4.3 percent by the end of the year, and inflation ,... [Full Article...]
Swiss ambassador be asked to leave Pakistan: Rabbani
Farrukh Amil requested the Mission of Switzerland to the United Nations in Geneva to alert Swiss authorities about presence in Geneva of BLA terrorists or elements linked with such terrorists. The House greeted the remarks with a loud desk-thumbing. Setting a precedent in the country's parliamentary history, the Senate chairman decided that the entire house would take up the issue of breach of p... [Full Article...]
FedEx shares down after earnings, company pins miss on cyberattack, Hurricane Harvey
Among 32 analysts covering FedEx (NYSE: FDX ), 18 have Buy rating, 1 Sell and 13 Hold. The shares were sold at an average price of $216.05, for a total transaction of $1,278,583.90. The stock presently has an average rating of Buy and an average price target of $223.85. The firm's 50-day moving average price is $190.71 and its 200-day moving average price is $188.68. [Full Article...]
1st LD: US Fed announces start of balance sheet reduction from October
Still, a majority of Fed policy makers projected that they see the USA central bank's benchmark rate rising by a quarter percentage point by year end from its current range of 1 percent to 1.25 percent. Treasury yields, as traders waited on an impending Federal Reserve meeting for clues on whether U.S. interest rates could rise again by year-end. "And it's at risk because of lower economic numbers... [Full Article...]
Slight gains in U.S. stocks lift Dow, S&P, Nasdaq to new highs
Federal Reserve Chair Janet Yellen said that rise was one of many factors informing the bank's decision to begin shedding the bond holdings acquired to boost the U.S. The value of the US dollar is likely going up - particularly if the FOMC raises rates in December and the USA economy grows over four percent in the last quarter this year, he added. [Full Article...]
Would You Buy McDonald's Corporation (NYSE:MCD) On These Analyst Ratings?
Cl A for a number of months, seems to be less bullish one the $501.03 billion market cap company. In that case, its shares would mark a 0.66% decline from the most recent price. Boys Arnold And invested in 0.46% or 22,844 shares. Allstate Corporation holds 60,868 shares. Weber Alan W, a New York-based fund reported 47,947 shares. [Full Article...]
Govt to take additional measures to boost growth if necessary: FM
How much tax is collected by the states in which these parties have governments? "States like Delhi, Haryana and Himachal Pradesh used to hike the Value-Added Tax the same evening by the exact amount that prices were reduced", he told reporters. [Full Article...]
Dow, S&P 500 close at new records in NY
The U.S. central bank, which begins its two-day meeting on Tuesday, is widely expected to announce on Wednesday that it will begin paring its bond holdings, with reductions likely to start in the coming months. Hong Kong's Hang Seng Index HSI, +1.27% rose 1.2%, and South Korea's Kospi SEU, +1.35% gained 1.3% Monday. Pfizer was among the Dow's top gainers, adding 1.5%, after the firm said it ... [Full Article...]