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Monthly Archives: September 2018

Bed Bath & Beyond, Kimbell & more

Andrew Harrer | Bloomberg | Getty Images Shoppers walk past a Bed Bath & Beyond Inc. store in Washington, D.C. Check out the companies making headlines after the bell: Bed Bath & Beyond shares plunged 15 percent in after-hours trading after the company reported second-quarter earnings numbers that missed expectations. …

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Cybersecurity startup Darktrace raises $50 million in Series E funding

David Paul | Bloomberg | Getty Images Nicole Eagan, chief executive of DarkTrace, speaks at a conference in San Francisco, California, U.S. British cybersecurity start-up Darktrace has raised $50 million in a funding round that values the firm at $1.65 billion. The investment, announced on Thursday, was led by European …

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President Trump is ‘not happy’ with Fed’s decision to raise rates

Stephanie Keith | Getty Images President Donald Trump addresses the media along with U.S. Ambassador to the United Nations Nikki Haley during his arrival at the United Nations during the United Nations General Assembly on September 25, 2018 in New York City.  President Donald Trump was not applauding the Fed’s …

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‘I could be persuaded’ to change mind on Kavanaugh after hearing

Carlos Barria | Reuters President Donald Trump holds a news conference on the sidelines of the 73rd session of the United Nations General Assembly in New York, September 26, 2018. President Donald Trump on Wednesday said that the outcome of the hearing before the Senate Judiciary Committee on Thursday could …

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Powell says Fed is hearing a ‘rising chorus of concerns’ about trade tariffs

James Lawler Duggan | Reuters Federal Reserve Chairman Jerome Powell gives testimony on the economy and monetary policy before the Senate Banking Committee in Washington, July 17, 2018. Federal Reserve Chairman Jerome Powell says American companies are getting more worried about tariffs and the trade war between the U.S. and …

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Trump talks government shutdown as Congress votes on spending bill

Carlos Barria | Reuters President Donald Trump speaks during a bilateral meeting with Japan’s Prime Minister Shinzo Abe on the sidelines of the 73rd session of the United Nations General Assembly in New York, September 26, 2018.  President Donald Trump just calmed fears about a government shutdown, for the moment. …

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IMF increases Argentina bailout package to $57 billion

Eitan Abramovich | AFP | Getty Images A man walks past a store selling off in Buenos Aires, on September 4, 2018.  The International Monetary Fund and Argentina announced Wednesday an arrangement to increase resources available to the South American country by $19 billion. The agreement, pending IMF Executive Board …

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Ed tech company Chegg plunges after disclosing data breach

Chegg plunged more than 12 percent Wednesday after disclosing a data breach that could affect customers’ user information. In a filing with the SEC Tuesday, the online textbook rental and tutorial company said that, in late April, an unauthorized party gained access to a company database hosting user data — …

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Fed’s Powell says he doesn’t see inflation surprising to the upside

Saul Loeb | AFP | Getty Images Federal Reserve Board Chairman Jerome Powell speaks during a press conference in Washington, DC, September 26, 2018.  Comments from Federal Reserve Chairman Jerome Powell sent bond yields lower even after the Fed hiked interest rates. Asked what could spur the Fed to increase …

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JP Morgan says buy Eli Lilly shares on its promising pipeline, predicts soaring profitability for drug maker

Frederick Florin | AFP | Getty Images An employee works on the production of insulin pens at the factory of the US pharmaceutical company Eli Lilly in Fegersheim, France. Eli Lilly shares are attractive due to the drug maker’s strong pipeline, according to J.P. Morgan. The firm resumed coverage on …

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