Business & Economics :: Markets

US stock indexes inch higher ahead of Fed announcement

bostonherald.com

US stock indexes inch higher ahead of Fed announcement


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Apple HomePod faces tough odds against Amazon Echo in connected home market

bostonherald.com

Apple HomePod faces tough odds against Amazon Echo in connected home market


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Early forecast calls for stronger holiday season for retailers

cnbc.com

Early forecast calls for stronger holiday season for retailers


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Walgreens, Rite Aid revise store purchase deal to $4.38B

cumberlink.com

Walgreens, Rite Aid revise store purchase deal to $4.38B


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Kroger Marketplace opens in Southgate

freep.com

Kroger Marketplace opens in Southgate


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An Aurora neighborhood is a hot prospect for home buyers, says report

9news.com

An Aurora neighborhood is a hot prospect for home buyers, says report


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Global shares drift as investors pause ahead of Fed

wtnh.com

Global shares drift as investors pause ahead of Fed


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Nikkei gains steam, outpacing other Asian markets
Asian stocks were split early on whether to rise or fall in the wake of the Federal Reserve’s overnight statements on policy and economic projections. Japan was again a standout, with equities building on this week’s two-year highs as the yen continued to retreat. Meanwhile, Australia underperformed as metal prices fell and utilities stocks slid. The Nikkei was recently up 0   Read More ...
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The US is well positioned to play the energy markets
The new energy abundance in the US has given President Trump a historic opportunity not just to expand the country’s economy at home, but also to expand its leadership globally. To maximise this opportunity, he should think about energy as more than a driver of economic growth, overcome the powerful political forces favouring isolationism and retrenchment, and rein in his tendency to alienate countries that should be energy allies of the US   Read More ...
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Albertsons buys New York-based boxed meal service, will sell kits in its stores
Albertsons will enter the subscription meal service market with its purchase of New York City-based Plated. Plated offers subscribers ingredients and recipes for a variety of meals. it’s believed to be among the five largest meal-kit providers, a field that includes companies like and . With the acquisition, Plated kits will continue to be available online but will also be sold at many grocery stores operated by the company, officials told the Statesman   Read More ...
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Nikkei probes more than 2-year highs as yen eases, Apple suppliers fall
* Yen weakens vs dollar after Fed signals it might hike this year * BOJ decision awaited, with no policy changes expected * Apple suppliers skid; banks, financial shares rise TOKYO, Sept 21 (Reuters) - Japan’s Nikkei share average rose on Thursday, boosted by gains on Wall Street and a weaker yen after the Federal Reserve signalled it still expects to raise interest rates one more time this year   Read More ...
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Fed quietly opens the final chapter of its crisis-era bonds policy
NEW YORK (Reuters) - The Federal Reserve, the world’s largest holder of U.S. debt, announced on Wednesday it was edging back from the market and investors barely budged. There were no tectonic shifts in stock, bond or currency markets after the U.S. central bank said not only that it would begin trimming its $4.5-trillion portfolio of assets next month, but that it was sticking with plans to hike interest rates this year despite the markets’ skepticism   Read More ...
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Amazon's move into Whole Foods stores isn't going to hurt couriers, FedEx CEO says
FedEx's CEO had an undaunted response when asked on a call with analysts and investors about how Amazon's purchase of Whole Foods Markets may disrupt retailers and the courier business. "E-commerce is not going to eliminate the retailing sector of the country," FedEx CEO Fred Smith said Tuesday. "It's about 10 percent now. It's certainly going to grow as a percentage   Read More ...
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Stocks wobble after Federal Reserve news but close mostly higher
U.S. stock indexes overcame a wobble to close mostly higher Wednesday after the Federal Reserve said it would start reducing its huge bond portfolio next month and was still on track to raise interest rates later this year. The central bank's announcement drove bond yields higher, lifting shares of banks and other financial firms. Banks benefit from higher bond yields because it means they can charge higher interest rates on loans   Read More ...
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Hedge funds promise downside protection — and risks
Though hedge funds often signal a freewheeling, shoot-from-the-hip investment style, for the most part these investment vehicles aim to dampen volatility. They do it by using various strategies that are supposed to provide protection from market volatility and sometimes even positive returns during market declines. "Someone who is concerned about the downside may want to allocate to hedge funds in case there is a big meltdown in the markets," said Tayfun Icten, an analyst with research firm Morningstar, who follows hedge funds   Read More ...
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How to profit from a lag in the market rally
Todd Gordon thinks the market rally is about to cool off, but he's got a way to play the S&P 500 in case that happens. "Markets don't always go up or down," the TradingAnalysis.com founder said Tuesday on Sometimes "they go sideways, and you can actually use that sideways consolidation to your advantage." On a chart of the S&P 500-tracking ETF (SPY), Gordon points out that just over a year ago, the market "settled down into a correction" that lasted about three months after a nice run-up in the early summer   Read More ...
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The one big thing economist Robert Shiller says is preventing a 1929-like stock market crash
It's a comparison no one wants to hear — that this stock market bears striking similarities to that of 1929. The observation is coming from Nobel Prize-winning economist Robert Shiller, who's been arguing valuations are extremely expensive. But instead of predicting an epic stock market crash, he's finding reasons to be optimistic. "The market is about as highly priced as it was in 1929," said Shiller on Tuesday's "Trading Nation   Read More ...
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We want to fly away. Or stay and watch TV, according to retail purchase survey
With a little more than three months left in the year, the personal finance site Bankrate.com is looking at what people plan to buy before ringing in the New Year. The site estimates that 49 percent of Americans are likely to make a “considerable” purchase (furniture, TV, smartphone, computer, airline ticket or large home appliance) before Dec. 31. Only 17 percent of the people surveyed told Bankrate they don’t plan to buy any of those things   Read More ...
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When the bull market ends, who will Trump blame?
Earlier this month, Business Insider reports, the Standard & Poor’s 500-stock index had moved into its second-best-performing stretch since World War II. Only the period from 1990 to 2000 saw a longer stretch during which the S&P climbed without losing 20 percent of its 52-week high. That is to say: The S&P 500 is now in its second-longest bull market since the 1940s   Read More ...
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GLOBAL MARKETS-Treasury yields, dollar gain; Fed keeps Dec rate hike on table
* Fed keeps rates steady, to start portfolio drawdown in October * Statement suggests Fed still anticipates Dec rate hike * Treasury yields jump to highest in 6 weeks * Dow, S&P 500 end session with slight gains (Updates with closing U.S. market levels) By Caroline Valetkevitch Both the Dow and S&P 500 fell following the Fed statement but reversed those losses to end the session slightly higher and add to a string of closing records   Read More ...
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Markets Right Now: Stocks wobble after Fed, but close higher
NEW YORK (AP) — The latest on developments in financial markets (All times local): Stocks overcame an afternoon wobble to close mostly higher after the Federal Reserve said it would start reducing its huge bond portfolio next month and was still on track to raise interest rates later this year. Bond yields rose following the Fed's announcement Wednesday. That helped send bank stocks higher   Read More ...
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Markets Right Now: Stocks wobble after Fed, but close higher
NEW YORK (AP) — The latest on developments in financial markets (All times local): Stocks overcame an afternoon wobble to close mostly higher after the Federal Reserve said it would start reducing its huge bond portfolio next month and was still on track to raise interest rates later this year. Bond yields rose following the Fed's announcement Wednesday. That helped send bank stocks higher   Read More ...
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US stock indexes waver following Fed announcement
U.S. stocks are wavering between small gains and losses Wednesday afternoon as investors size up the Federal Reserve's latest economic and interest rate policy update. The central bank's policymakers said they will likely raise rates one more time this year and will begin unwinding the Fed's large portfolio of bonds next month. That sent bond yields and banks and other financial companies higher   Read More ...
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Markets Right Now: Stocks stumble, bond yields rise post Fed
NEW YORK (AP) — The latest on developments in financial markets (All times local): Stocks are inching mostly lower on Wall Street after the Federal Reserve said it would start reducing its huge bond portfolio next month and was still on track to raise interest rates later this year. High-dividend stocks like household goods makers and utilities fell the most Wednesday afternoon   Read More ...
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Acast raises $19.5 million to grow its podcasting platform in the U.S. and enter new markets
Audio and podcasting platform Acast has raised $19.5 million from a group of Swedish investors, including Swedbank Robur funds Ny Teknik and Microcap. Founded out of Stockholm in 2014, Acast is an all-encompassing podcast platform that seeks to join the dots between creators, listeners, and advertisers through consumer mobile apps; cloud storage, analytics and other features for podcasters; and advanced programmatic advertising tools for marketers   Read More ...
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Holiday sales forecasts indicate strong growth for retailers
(Reuters) - Early holiday sales forecasts are indicating a largely stronger season for retailers than last year, helped by higher online sales and increasing spending power due to a strong labor market. Deloitte said it expects holiday sales to grow 4 percent to 4.5 percent over last year’s shopping season. Less than 11 percent of the $1.04 trillion to $1.05 trillion in total sales is expected to come from ecommerce, the consultancy estimated   Read More ...
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Argentine travel firm Despegar stock jumps on U.S. IPO
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Federal Reserve will start reducing its stockpile of bonds
The Federal Reserve announced Wednesday that it would start slowly reducing the trillions of dollars in bonds it bought to try to stimulate the economy, another milestone in the central bank's efforts to return to a normal monetary policy after the Great Recession. The long-awaited reduction in the Fed's $4.5-trillion balance sheet comes amid great uncertainty at the central bank.There are several vacancies on the Fed board, and there could be a change in leadership early next year if President Trump decides not to renominate Chairwoman Janet L   Read More ...
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US stock indexes mixed ahead of Fed announcement; oil rises
U.S. stock indexes were mostly higher in morning trading Wednesday ahead of the Federal Reserve's latest economic and interest rate policy update. Industrial companies, including airlines, led the gainers. Energy stocks also rose as oil prices headed higher. Technology stocks were down the most. Several packaged food companies also declined. KEEPING SCORE: The Standard & Poor's 500 index was up less than 1 point to 2,507 as of 11:39 a   Read More ...
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EMERGING MARKETS-LatAm currencies up ahead of Fed statement
By Bruno Federowski SAO PAULO, Sept 20 (Reuters) - Latin American currencies firmed on Wednesday ahead of the end of the Federal Reserve's policy meeting, when it is expected to offer new clues on when it will increase interest rates again. The U.S. central bank is expected to release its latest policy statement at 2 p.m. (1800 GMT) after a two-day meeting   Read More ...
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US stock indexes inch higher ahead of Fed announcement
U.S. stock indexes rose slightly in early trading Wednesday ahead of the Federal Reserve's latest economic and interest rate policy update. Restaurant chains and specialty retailers were among the biggest gainers. Technology and financial companies fell. Several packaged food companies also declined. Oil prices were headed higher. KEEPING SCORE: The Standard & Poor's 500 index was up less than 1 point to 2,506 as of 10:49 a   Read More ...
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Bloomington approves purchase of Kelley Farm for possible World's Fair site
The last working farm in Bloomington could possibly become the site of a World’s Fair event in 2023. On Tuesday night during a joint meeting of the Bloomington City Council and the city’s Port Authority, city officials voted to buy the Kelley Farm property, also known as the Spruce Shadows Farm, for $32.3 million in preparation for it to possibly be the site of the Expo 2023, the international event’s official name   Read More ...
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US stock indexes mixed ahead of Fed announcement; oil rises
U.S. stock indexes were mostly higher in morning trading Wednesday ahead of the Federal Reserve's latest economic and interest rate policy update. Industrial companies, including airlines, led the gainers. Energy stocks also rose as oil prices headed higher. Technology stocks were down the most. Several packaged food companies also declined. KEEPING SCORE: The Standard & Poor's 500 index was up less than 1 point to 2,507 as of 11:39 a   Read More ...
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Places: Americas |  North America |  United States | 
Markets Right Now: US stocks mostly higher in midday trading
NEW YORK (AP) — The latest on developments in financial markets (All times local): U.S. stock indexes were mostly higher in midday trading ahead of the Federal Reserve's latest economic and interest rate policy update. Industrial companies, including airlines, led the gainers Wednesday. Johnson Controls rose 3 percent and American Airlines rose 2.3 percent. Energy stocks also rose as oil prices headed higher   Read More ...
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Transamerican Auto Parts to open Carlisle distribution center, retail store
Transamerican Auto Parts is expected to open its sixth, and largest, distribution center this January in Carlisle. The distribution center will be located at 5 Logistics Drive. The company plans to open a 4 Wheel Parts retail store adjacent to the distribution center to add to its roster of more than 83 locations in North America. Transamerican Auto Parts is the world’s leading manufacturer, wholesaler and retailer of aftermarket parts and accessories for trucks, Jeeps, SUVs and four-wheel-drive vehicles   Read More ...
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Welcome to the second biggest bull market since World War II
Keep on hating. What’s been often described as the most despised bull market in U.S. stocks in memory celebrated its eighth birthday earlier this year. Last week it passed a more impressive milestone, becoming the second strongest bull market since the end of World War II in 1945. That’s according Ryan Detrick, senior market strategist at LPL Financial, who offered the chart below in a late Tuesday note (see chart below)   Read More ...
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‘I cannot for the life of me understand’: Bloomberg baffled by persistent stock records
That’s former New York mayor and Wall Street media pioneer Michael Bloomberg scratching his head over the repeat stock market feats scored this year nearly without pause—including no fewer than 49 record highs for the tech share-studded Nasdaq Composite. “I have absolutely no idea. I cannot for the life of me understand why the market keeps going up,” Bloomberg said in an interview with CBS News’s Anthony Mason Tuesday   Read More ...
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Markets Right Now: US stocks mostly higher in midday trading
NEW YORK (AP) — The latest on developments in financial markets (All times local): U.S. stock indexes were mostly higher in midday trading ahead of the Federal Reserve's latest economic and interest rate policy update. Industrial companies, including airlines, led the gainers Wednesday. Johnson Controls rose 3 percent and American Airlines rose 2.3 percent. Energy stocks also rose as oil prices headed higher   Read More ...
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Tags: Markets |  Trade | 
Places: North America |  United States | 
Alibaba-backed Best jumps in debut after slashing IPO price
(Reuters) - Shares of Best Inc, a Chinese logistics firm backed by Alibaba Group Holding Ltd, jumped in their market debut on Wednesday, a day after the company slashed its expected pricing range to stoke investor interest. Best’s shares rose as much as 17.4 percent to a high of $11.74 in early trading, giving the company a market capitalization of about $4   Read More ...
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US stocks slip in early trading ahead of Fed announcement
U.S. stock indexes declined slightly in early trading Wednesday ahead of the Federal Reserve's latest economic and interest rate policy update. Technology and financial companies were down the most. Several packaged food companies also declined. Restaurant chains and specialty retailers were among the biggest gainers. Oil prices were headed higher. KEEPING SCORE: The Standard & Poor's 500 index was down less than 1 point to 2,506 as of 10:14 a   Read More ...
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Michael Bloomberg: 'We're destroying jobs with technology'—and yet the market is up
Former New York City mayor Michael Bloomberg is very concerned about the U.S. economy. It has some real challenges, he said. “The infrastructure’s falling apart; we’re destroying jobs with technology; we are keeping the best and the brightest around the world from coming to America to create new jobs, new businesses.” All things worth worrying about, he added. And yet the stock market continues to climb   Read More ...
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US stocks slip in early trading ahead of Fed announcement
U.S. stock indexes declined slightly in early trading Wednesday ahead of the Federal Reserve's latest economic and interest rate policy update. Technology and financial companies were down the most. Several packaged food companies also declined. Restaurant chains and specialty retailers were among the biggest gainers. Oil prices were headed higher. KEEPING SCORE: The Standard & Poor's 500 index was down less than 1 point to 2,506 as of 10:14 a   Read More ...
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Places: Americas |  North America |  United States | 
Allina-Aetna targeting large employer market in Minnesota
A new health insurance company backed by Minneapolis-based Allina Health System expects to start selling coverage to large employers next year, and hopes to be in the state’s Medicare market beginning in 2019. In January, Allina announced a joint venture with health insurance giant Aetna that could provide one of the first significant examples in many years of new competition in the state’s health insurance market   Read More ...
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Apple HomePod faces tough odds against Amazon Echo in connected home market
Four months before its anticipated launch, some experts have already discounted Apple HomePod’s prospects for success. HomePod, due in December, is Apple’s belated entry into the connected speaker market and a challenger to Amazon’s leader in the space, the Echo. These devices, which understand human commands, can be used to order food, play music, and look up information on Wikipedia. Connected speakers are part of a broader white-hot market for connected home devices, which Amazon, and Google hope to control against rival devices planned by number of others like Apple and Microsoft   Read More ...
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On the Market: Family home with generations of renovation in Northern Liberties
Geraldine Swindells grew up on Bodine Street in Philadelphia and has spent much of her life on its 700 block. “My parents moved onto that block of Bodine Street in 1938 when I was 2 years old,” she said via email. “We lived in an authentic trinity house until 1947 when we moved to 718.” Her parents raised six children in the three-bedroom home, where Swindells lived until marrying and moving to Mayfair   Read More ...
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Global stocks flat as investors await Fed meeting outcome
LONDON (AP) — Global stock markets were little changed Wednesday as investors took to the sidelines ahead of the U.S. Federal Reserve's announcement of the results of its meeting. KEEPING SCORE: In Europe, Germany's DAX was down 0.1 percent at 12,552 while the CAC 40 in France was steady at 5,240. The FTSE 100 index of leading British shares was stable at 7,272   Read More ...
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Global stocks flat as investors await Fed meeting outcome
LONDON (AP) — Global stock markets were little changed Wednesday as investors took to the sidelines ahead of the U.S. Federal Reserve's announcement of the results of its meeting. KEEPING SCORE: In Europe, Germany's DAX was down 0.1 percent at 12,552 while the CAC 40 in France was steady at 5,240. The FTSE 100 index of leading British shares was stable at 7,272   Read More ...
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