Fed Keeps Markets Guessing As Rate Decision Looms
The Federal Reserve opens a highly anticipated two day policy meeting led by Janet Yellen with a decision on interest rates to come Thursday at 2 pm ET. Investors weigh inflation trends toward 2 percent against a strengthening jobs market and recent market turbulence amid debate over whether the Fed will hike soon or delay.
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Federal Reserve
Fed
Europe
Janet Yellen
China
Wall Street
SigFig Tracking Reveals U S Portfolio Trends Across Investors
SigFig analysis shows over half a million U S investors totaling about 200 billion dollars in assets manage portfolios online. Data highlight 6 month averages, largest holding in AAPL, most bought AAPL, most sold NFLX, and high turnover activity in the SigFig tracking base.
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AAPL
EOG
NFLX
SigFig
Stocks News Roundup With Upgrades and Sales Figures
Owens Illinois gets Bank of America Merrill Lynch upgrade to buy with a higher price target to 28 dollars. Sonic sees 4.9 percent same store growth in Q4 with 2 to 4 percent projected for 2016. Gray Television expands with a 443 million purchase of Schurz Communications stations.
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Schurz Communications
Sonic thrives on growth but faces slowing rises
Sonic, a Oklahoma based drive in chain, saw shares fall 8.4 percent to 25.31 after guiding 2 to 4 percent growth from restaurants open at least a year in fiscal 2016, down from 7.3 percent in 2015. Earnings per share are seen rising 14 to 18 percent in fiscal 2016, with analysts pricing in 1.26 dollars per share.
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Sonic
Drive In
Sone
S&p Capital IQ
FDA halts sales of four Reynolds cigarette brands
The FDA ordered suspension of Camel Crush Bold Pall Mall Deep Set Recessed Filter Menthol and Vantage Tech 13, citing failure to prove substantial equivalence to older products. The action, the first major brand pull by the FDA, raises broader health questions and sets a potential precedent for other brands.
MENTIONED IN THIS ARTICLE
FDA
R.J. Reynolds Cigarettes
Washington
R.J. Reynolds Tobacco
US Food and Drug Administration
Camel Crush Bold
R.J. Reynolds
Mitch Zeller
Center For Tobacco Products
Matthew Myers
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