Economy

The Fed said it "currently expects to begin implementing a balance sheet normalization program this year, provided that the economy evolves broadly as anticipated". Only one committee member (Neel Kashkari) dissented from the vote. In a nutshell, the Fed will eventually unwind its balance sheet at a rate of $50 billion per month, and several Fed officials have indicated that the program will continue until the balance sheet drops to a $2 trillion-$2.5 trillion level (it's now $4.5 trillion).
  • Eastman Chemical Co. (EMN)

    Eastman Chemical Co. (EMN)

    Economy

    Cable Hill Partners LLC now owns 1,764 shares of the basic materials company's stock worth $112,000 after buying an additional 124 shares during the last quarter. Highland Capital Mgmt Ltd Limited Liability Company has invested 0.56% in Dow Chemical Co (NYSE:DOW). Susquehanna initiated Eastman Chemical Company (NYSE: EMN ) on Friday, July 1 with "Positive" rating.
  • US Sees Crude Output Breaking 48-Year-Old Record in 2018

    US Sees Crude Output Breaking 48-Year-Old Record in 2018

    Economy

    Shortly after 1 p.m. ET, the July contract for West Texas Intermediate crude, the North American benchmark, was down $2.31 to $45.88 United States a barrel. Brent crude prices were at $48.32 U.S. per barrel mid-morning Wednesday, down $1.80, or 3.6%. Reports of tension among OPEC members may also be playing into lower oil prices over the past week.
  • Global Pneumococcal Vaccine Market : Technological advancements, Financial Plan 2017 to 2021

    Global Pneumococcal Vaccine Market : Technological advancements, Financial Plan 2017 to 2021

    Economy

    Global Automotive Wheels Market Research Report 2017 tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Report studies Airless Packaging in Global market that focuses on the top Manufacturers, Market Segment by Countries, Split by Product Types (with sales, revenue, price, market share of each type), Split by applications this report focuses on sales, market ...
  • US stocks end mostly lower after Fed rate hike

    Economy

    Federal Reserve Chair Janet Yellen says she has not spoken with President Donald Trump about serving a second four-year term in office. In the wake of the financial crisis, the central bank added Treasury securities and mortgage-backed securities to its balance sheet.
  • Johnson hopes timing is right for another US Open title

    Economy

    Since then he's winless in his last nine majors but he insists it's not a streak that's causing him sleepless nights just yet, pointing out that both Tiger Woods and Jack Nicklaus both went 10 Majors or more without adding to their tallies.
  • Drop in US Retail Sales Signals Uneven Consumer Spending

    Drop in US Retail Sales Signals Uneven Consumer Spending

    Economy

    Sales excluding vehicles and petrol were unchanged at 0.5 per cent, while retail-control group sales, which are used to calculate gross domestic product and exclude the categories of food services, auto dealers, building material stores and petrol stations, were unchanged, following a 0.6 per cent April advance.
  • $0.11 EPS Expected for Investors Real Estate Trust (IRET)

    Economy

    Gam Hldgs Ag invested 0% of its portfolio in Investors Real Estate Trust (NYSE: IRET ). Apollo Commercial Real Estate Finance, Inc.is now trading 1.38% above its 20-day and 6.98% versus the 200-day simple moving averages while 0.50% compared with its 50-day simple moving average.
  • Digging into Corporate Office Properties Trust (OFC) Shares

    Economy

    World Asset Management Inc bought a new stake in shares of Corporate Office Properties Trust during the first quarter valued at about $201,000. On average, equities analysts forecast that Corporate Office Properties Trust will post $0.81 earnings per share for the current year.