Fed is expected to hold rates steady Wednesday. Wall Street will be listening...
The Federal Reserve is widely expected to hold interest rates steady this Wednesday during the central bank’s last policy meeting of the year.It is also expected to caution against making rate cuts anytime soon, defying the expectations of some on Wall Street who expect that...
Cigna stock surges after company reportedly backs away from Humana talks,...
Cigna (CI) stock popped on Monday, rising as much as 16%, following a report from the Wall Street Journal that said the company had abandoned efforts to merge with rival Humana (HUM) while announcing plans to repurchase $10 billion worth of its own shares.Shares of Humana fell...
Stock market news today: Stocks close higher with CPI data, Fed on the horizon
2024 could be 'a catch-22 situation' for markets: JPMJPMorgan (JPM) is warning investors of a "catch-22 situation" for US markets next year.According to strategist Marko Kolanovic, a market rally will be unsustainable if the Federal Reserve does not cut interest rates."This is a...
Macy’s mulls $5.8 billion buyout offer, as stock surges after the news
The long-suffering shareholders of Macy's (M) just scored an early Christmas gift.Macy's has received a $5.8 billion buyout offer from real estate investor Arkhouse Management and asset manager Brigade Capital Management, a source familiar with the matter told Yahoo Finance late...
Inflation expected to have cooled further last month as energy prices tick down
On Tuesday, investors will digest one of the most important data points the Federal Reserve will consider in its next interest rate decision: November's Consumer Price Index (CPI).The inflation report, set for release at 8:30 a.m. ET, is expected to show headline inflation of...