Business

U.S. close: Stocks mixed as investors look towards FOMC

U.S. close: Stocks mixed as investors look towards FOMC

At a two-day meeting beginning later on Tuesday, the Fed is expected to take another step toward policy normalization and announce plans to begin unwinding its $4.2 trillion portfolio of Treasuries and mortgage-backed securities. The prospect of another Fed rate hike this year at a time when the US economy is growing modestly and may slow somewhat from the impact of hurricanes Harvey and Irma, could be bad news for stocks the next few weeks, Chalupnik said.



FedEx Falls After Disappointing FQ1 Earnings, Downbeat Guidance

Investors are a little more bullish on FedEx Corporation if you take a look at the decrease in short interest. UBS both downgraded the stock and raised the price target on September 15 changing the price objective from $186.00 to $242.00 and changing the rating from "Buy" to "Outperform".


Toyota Japan launches sporty GR sub-brand

Toyota Japan launches sporty GR sub-brand

So far Toyota has rolled out the GR trim only in Japan, but last week confirmed plans to launch the Yaris GRMN in Europe, suggesting the GR lineup will ultimately take on a global presence. So far there's no official word that we'll see the GR sub-brand arrive in the USA market. The GR Sport models will just get styling upgrades, like the more aggressive Prius Prime.


Ford Motor Company (F) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Ford Motor Company (F) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

The Pzena Investment Management Llc holds 17.63M shares with $213.83M value, up from 17.42 million last quarter. State Street Corp lifted its stake in Ford Motor by 2.5% during the first quarter. These trends are grabbed from latest trading activity. The stock has a market capitalization of $46.55 billion, a price-to-earnings ratio of 12.34 and a beta of 1.12.


Fed rate hike remains uncertain after Harvey, Irma

Fed rate hike remains uncertain after Harvey, Irma

Eastern Time. The Dow Jones industrial average edged up 2 points to 22,373. The stronger dollar against the yen buoyed exporters on Tokyo's Nikkei, with the index up 1.5 percent by the break as traders also returned from a three-day break to play catch-up with Monday's global rally.



Maria on final approach to Puerto Rico with 175 miles per hour winds

A hurricane warning was in effect for Puerto Rico and the USA and British Virgin Islands , as well as St. Kitts, Nevis, and Montserrat and portions of the Dominican Republic. "We're going to have to rebuild", he said. Maria left the island of Dominica virtually without contact with the rest of the world when the storm passed there Tuesday night, officials said.