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Monthly Archives: September 2019

Fed September dot plot forecasts no further rate cuts, but members divided

The Federal Reserve building is pictured on Tuesday August 6, 2019. Caroline Brehman | CQ-Roll Call Group | Getty Images The Federal Reserve sees no further rate cuts in 2019 and 2020. The central bank lowered rates on Wednesday by 25 basis points to a range of 1.75% to 2.00%. …

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Fed ups its GDP forecast for 2019 slightly to 2.2%

The Eccles Building, location of the Board of Governors of the Federal Reserve System and of the Federal Open Market Committee, June 2, 2016 in Washington, DC. Brooks Kraft | Getty Images The Federal Reserve dialed up its growth expectations slightly while keeping its inflation projection unchanged, according to its …

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French auctioneer defies Mexico with sale of pre-Columbian artifacts

A stone kneeling figure of Aztec water goddess Chalchiuhtlicue, one of pre-Columbian artefacts, is presented to the press at Drouot auction house in Paris, France, September 18, 2019. REUTERS/Benoit Tessier PARIS (Reuters) – French auction house Millon denied accusations by the Mexican government that a sale of dozens of pre-Columbian …

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Here’s how high bonds could rise as Fed prepares to cut rates

Bonds are getting a bid again on Wednesday ahead of the Federal Reserve’s decision in the afternoon. The central bank is expected to cut rates by 25 basis points after it wraps its two-day meeting. That would be the second rate cut this year. Bond prices have been on the …

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Amazon figured out a way for online shoppers to pay in cash

Jeff Bezos, founder of Amazon and Blue Origin speaks during the JFK Space Summit, celebrating the 50th anniversary of the moon landing, at the John F. Kennedy Library in Boston, June 19, 2019. Katherine Taylor | Reuters Online shopping giant Amazon is betting that some customers would rather use cash. …

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Chip stocks brush off trade war as investors bet on 5G

Despite trade tensions with China and weak demand for chips, semiconductor stocks have rallied this year as investors look to the next generation of network technology known as 5G. The VanEck Vectors Semiconductor ETF, which tracks companies in the semiconductor sector, is up nearly 39% in 2019 and hit an …

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US housing starts total 1.364 million in August, vs 1.250 million expected

A contractor moves roofing material on a home under construction at the Toll Brothers Cantera at Gale Ranch housing development in San Ramon, Calif. David Paul Morris | Bloomberg | Getty Images U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction …

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Buy American Eagle because of an ‘ongoing resurgence in the denim cycle,’ analyst says

The American Eagle Outfitters Inc. logo is seen on a pair of pants at a store in San Francisco, California, U.S., on Wednesday, March 6, 2013. American Eagle reported adjusted fiscal year 2012 earnings for the 53 weeks ended February 2, 2013 of $1.39 per share, a 43% increase from …

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Kraft Heinz, worst S&P 500 performer, has more room to fall: Analyst

Kraft Heinz is getting squeezed. The stock fell by over 4% on Tuesday after private equity firm 3G Capital — its second-largest shareholder after Warren Buffett — said it sold 25 million shares of the ketchup maker’s stock. The worst-performing stock in the S&P 500 for 2019, Kraft Heinz is now down …

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Capital One launches two new cobranded Walmart credit cards

Capital One and Walmart announced on Wednesday, Sept. 18, the joint Capital One® Walmart Rewards Credit Card Program, which includes two new credit cards: The cobranded Capital One® Walmart Rewards Mastercard® and the private-label Walmart Rewards Card, both launching September 24. “Walmart’s mission has always been to help customers save …

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