Fed keeps rates steady amid Brexit uncertainty
The Fed did not raise rates, citing uncertainties from Britain's vote and US growth and jobs data. Yellen said momentum remains data driven, while stocks slipped and bonds rose as investors debated when a hike might come. Analysts warned the Fed’s credibility and policy path are in question while markets adjust to the wait.
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Federal Reserve
U.S
Wall Street
Fed
Janet Yellen
Britain
European Union
Yellen
Bryce Doty
Paul Ashworth
Capital Economics
Chris Gaffney
World Markets
EverBank
SigFig Investors See Higher Losses Than Buy And Hold
In the last year the most active SigFig users with complete turnover posted over 60 percent greater losses than investors using a buy and hold strategy, highlighting the cost of frequent trading.
MENTIONED IN THIS ARTICLE
SigFig
SigFig analyzes US investors by portfolio risk
SigFig data shows how over half a million investors with $200 billion in assets manage portfolios online. The 5 day and 6 month averages are near zero, with equities forming key holdings. Large positions include AAPL among top assets while aggressive risk fans pursue 7 percent or more in equities.
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USA
America
SigFig
Stocks Move Slightly Higher Amid Mixed Market Signals
STOCKS edged up as traders priced in modest gains. The session showed a day’s high of 13.66 and low of 13.28 with a 0.6 percent rise to 13.34. Investors weighed recent data and sector trends for direction.
MENTIONED IN THIS ARTICLE
Edwards Lifesciences
Allergan
AGN
FDA
NRG Energy
NRG
CSRA
Cerner
CERN
Endo International
ENDP
Phufa
Seman Scana
SCG
Morgan Stanley
Perrigo and Office Depot Move Amid Deal Talk and Staffing Plans
Perrigo stock rose on takeover speculation though analysts note few acquirers could close a deal. Bank of America signals up to 8,000 more jobs cuts in consumer banking on top of 32,000. Office Depot adds 8,000 workers for back to school as Staples merger remains blocked by regulators.
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Bank of America
Perrigo
Raymond James
Office Depot
Staples
Bob Evans stock slips after soft fiscal year outlook
Bob Evans Farms, known for sausage and biscuits, faces a tough run as shares fell over 9 percent to just above 40 dollars after a fiscal year outlook missing expectations. The company targets $2 to $2.15 per share for year ending April 2017, while analysts at S P Global Market Intelligence expected $2.07. Store sales are seen flat or down single digits. Analysts remain cautiously optimistic, noting a 3 percent dividend yield and potential upside to 54.50 dollars in 18 months driven by the grocery segment.
MENTIONED IN THIS ARTICLE
Bob Evans
S&p
Standard & Poor
Atlantic City workers threaten July 1 strike over pay and benefits
Unionized staff at six of eight city casinos threaten a July 1 walkout that could shut down Caesars Harrah's Bally's Tropicana Trump Taj Mahal and more. They seek hourly wage gains health coverage restoration and no premium health benefits while contracts expired in 2014. Owners Icahn and Apollo Group control key properties amid a fragile postbankruptcy rebound.
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Atlantic City
John Moore
GETTY
Carl Icahn
Caesars
Harrah’s Resort
Bally’s
Tropicana
Trump Taj Mahal
Bob McDevitt
Unite Here
Apollo Group
Harrah’s
McDevitt
Taj Mahal
Icahn
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WMR
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MJN
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HPE
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Royal Caribbean
RCL
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Clig. Yid
Frankfurt
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Usatoday.com
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Matt
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Mattkrantz Mkrantz
USA Today
Steve Norton
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