Markets
Dow futures modestly higher as investors await Fed meeting
U.S. stock index futures were marginally higher on Wednesday morning, as investors wait to hear from Federal Reserve Chairman Jerome Powell. At around 01:30 a.m. ET, Dow futures rose 10 points, indicating a positive open of more than 33 points. Futures on the S&P and Nasdaq were both slightly higher too. There’s a special focus …
Health care stocks do well when the Fed cuts interest rates
Jerome Powell, Chair, Board of Governors of the Federal Reserve speaks during a conference at the Federal Reserve Bank of Chicago on June 4, 2019 in Chicago, Illinois. Scott Olson | Getty Images Many investors believe the Federal Reserve is set to start cutting interest rates, possibly as early as this week. And history shows …
A global ‘shock to markets’ could trigger next financial crisis, warns Roubini
The Federal Reserve is widely expected to strike a dovish chord when it meets this week, clearing the way for a July rate cut — the first in more than a decade — that almost 40% of economists in a Wall Street Journal poll are expecting. While a hawkish Fed no longer looms large over …
Markets look for confirmation of Fed’s policy easing – Axios
Background: When Powell and the Fed predicted they would raise rates three times this year in November, the market priced in a 20% chance of it happening and had written that down to 7% by the end of the month, CME Group’s FedWatch tool shows. When the Fed lowered that prediction to two rate hikes …
A trio of Trump rules will remake US health insurance markets
NEW YORK – President Donald Trump’s attempt to transform American health insurance is almost complete. Twenty months ago, frustrated after attempts to repeal Obamacare fell apart in the Republican-controlled Senate, Trump pledged to use executive power to do what Congress failed to legislate. An executive order set in motion regulations to promote “health care choice …
Stocks slip as geopolitical uncertainty unsettles markets
U.S. stocks slipped Wednesday after a strong rally at the start of June faded. Protests in Hong Kong further weighed on global markets. The S&P 500 (^GSPC) fell 0.21%, or 6.06 points, as of 3:07 p.m. ET. The Dow (^DJI) edged down 0.18%, or 47.87 points, while the Nasdaq (^IXIC) fell 0.39%, or 30.43 points. …
United Technologies shareholder Bill Ackman sent letter opposing mega-deal with Raytheon
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Activist investor Bill Ackman is urging United Technologies to abandon its $100 billion stock merger with Raytheon, a source familiar with the matter confirmed to CNBC. Ackman, whose Pershing Square Capital Management owned 5.8 million United Technologies shares at the end …
Asia stocks rise as policy tweaks boost China markets By Reuters
© Reuters. A man looks on in front of an electronic board showing stock information at a brokerage house in Nanjing By Shinichi Saoshiro TOKYO (Reuters) – Asian stocks gained on Tuesday, led by Chinese shares after Beijing eased financing rules to boost local government spending on public works, and bolstered by investor relief following …
Raytheon and United Technologies are in talks to merge
United Technologies President and CEO Gregory Hayes Richard Drew | AP Raytheon and United Technologies’ large aerospace business are in late-stage talks to combine in a all-stock deal that would boost consolidation in the aviation and defense sectors, according to a source familiar with the matter. The companies have a combined market value of nearly …