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Fed cuts rates, gives mixed signals on future policy

The Federal Reserve voted to cut interest rates by 25 basis points for the second time this year. Yahoo Finance’s Brian Cheung joins the Final Round to discuss the implications for future monetary policy.

  • Hedge Funds Pulled The Trigger On Tetra Tech, Inc. (TTEK) A Bit Too Early
    Business
    Insider Monkey

    Hedge Funds Pulled The Trigger On Tetra Tech, Inc. (TTEK) A Bit Too Early

    Our research shows that certain hedge funds do have great stock picking skills (and we can identify these hedge funds in advance pretty accurately), so let's take a glance at the smart money sentiment towards Tetra Tech, Inc. NASDAQ:TTEK). Tetra Tech, Inc.

  • Who Has Been Buying Central Garden & Pet Company (NASDAQ:CENT) Shares?
    Business
    Simply Wall St.

    Who Has Been Buying Central Garden & Pet Company (NASDAQ:CENT) Shares?

    So shareholders might well want to know whether insiders have been buying or selling shares in Central Garden & Pet Company (NASDAQ:CENT). Do Insider Transactions Matter? Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock in the company.

  • Business
    Associated Press

    Equity Residential: 3Q Earnings Snapshot

    CHICAGO (AP) _ Equity Residential (EQR) on Tuesday reported a key measure of profitability in its third quarter. The Chicago-based real estate investment trust said it had funds from operations of $351.9 million, or 91 cents per share, in the period. The average estimate of 10 analysts surveyed by Zacks Investment Research was for funds from operations of 88 cents per share.

  • Finance
    Bloomberg

    Tesla’s Futuristic Door Handles Blamed for Death in Fiery Wreck

    Omar Awan, a 48-year-old anesthesiologist, was driving his leased Tesla in February when he lost control on a south Florida parkway and the car slammed into a palm tree, according to a wrongful death lawsuit filed in state court in Broward County. A police officer couldn't open the doors because the handles were retracted and bystanders watched helplessly as the car filled with smoke and flames, according to the complaint, which alleges the fire originated with the car's battery. The door handles on the Model S are flush with the car and pop out -- “auto-present” in the words of Tesla -- when they detect that the key fob is nearby.

  • 31 Dumb Things That Are Keeping You From Becoming Wealthy
    News
    GOBankingRates

    31 Dumb Things That Are Keeping You From Becoming Wealthy

    Everyone would like to know how to become rich, yet many people make financial mistakes every day that keep them from becoming wealthy — or at least from building up a nice nest egg. It sounds simple, but people play fast and loose with their money, then wonder why they never discover the secret of how to become rich. If you want to know how to become rich, handle your money with a sense of purpose and make it work for you rather than spending indiscriminately.

  • Former JetBlue gate agent faces prison for giving $1M worth of free travel
    Finance
    American City Business Journals

    Former JetBlue gate agent faces prison for giving $1M worth of free travel

    A former JetBlue employee is facing up to 20 years in prison for scamming the New York-based airline of nearly $1 million in flights. Tiffany Jenkins plead guilty in federal court in Boston to using her position as an airline gate agent to convert primarily low-cost domestic flights to more expensive international flights at no additional charge for family, friends and acquaintances. According to a prepared statement from U.S. Attorney Andrew Lelling, Jenkins committed the fraud over the course of a 15-month period.

  • Business
    Investing.com

    Oil Prices Trade Lower as API Data Shows Crude Stockpiles Rise Last Week

    Investing.com - Oil prices traded lower on Wednesday in Asia after data from the American Petroleum Institute (API) showed that U.S. crude stockpiles rose last week. U.S. Crude Oil WTI Futures lost 0.8% to $54.07 by 12 38 AM ET (04:38 GMT). International Brent Oil Futures were down 0.5% to $59.43.

  • Boeing fires Kevin McAllister, head of unit that makes the 737 Max
    Business
    American City Business Journals

    Boeing fires Kevin McAllister, head of unit that makes the 737 Max

    Boeing on Tuesday fired Kevin McAllister as president and CEO of Boeing Commercial Airplanes, the jet maker's unit that produces the 737 Max. McAllister was immediately replaced by longtime Boeing executive Stan Deal, who's led the launch of the Boeing General Services unit over the past two years. "Stan brings extensive operational experience at commercial airplanes and trusted relationships with our airline customers and industry partners," Boeing President and CEO Dennis Muilenburg said in a statement.  McAllister's ouster as the head of the Renton-headquartered Boeing Commercial Airplanes (BCA) unit comes after less than three years on the job and a day after Boeing's board of directors met in Texas.

  • Why Lyft and GameStop Stocks Are Soaring Today
    Business
    Market Realist

    Why Lyft and GameStop Stocks Are Soaring Today

    Lyft stock (LYFT) has gained over 8% today while GameStop stock has surged by 7%. So what's been driving these stocks higher? Let's take a closer look.

  • Why Nvidia Stock Is Surging Today
    Business
    Market Realist

    Why Nvidia Stock Is Surging Today

    On October 22, NVIDIA (NVDA) rose in the premarket trading session, and it was up 0.9% at 10:18 AM EDT. The stock surged today on news that Wells Fargo raised its 12-month target price for Nvidia stock from $200 to $220.

  • McDonald’s Q3 earnings miss expectations, stock tumbles
    Business
    Yahoo Finance Video

    McDonald’s Q3 earnings miss expectations, stock tumbles

    Mcdonalds reported a miss on profit and sales in its third quarter earnings, and investors are disappointed. Yahoo Finance's Brian Sozzi, Alexis Christoforous, and Heidi Chung break down the numbers.

  • 'Maleficent' casts rare curse on Disney box office
    News
    American City Business Journals

    'Maleficent' casts rare curse on Disney box office

    In a rare miss for the studio, The Walt Disney Co. occupied the top spot at the weekend box office with "Maleficent: Mistress of Evil," but the fairy tale sequel flew far short of studio and industry expectations with an estimated $36 million in domestic ticket sales. "Mistress of Evil," starring Angelina Jolie, wasn't expected to match the $69 million start of its predecessor on its way to $759 million worldwide in 2014, but the follow-up film was forecast to open in the $45 million to $50 million range. The movie did better overseas, with an estimated $117 million, including $22 million from China for $153 million globally, but with a $185 million production budget before marketing, "Maleficent: Mistress of Evil" is looking at this point to break even.

  • Aurora Cannabis: What to Expect from Its Q1 Earnings
    Business
    Market Realist

    Aurora Cannabis: What to Expect from Its Q1 Earnings

    Stock performance Aurora Cannabis (ACB) will report its earnings for the first quarter of fiscal 2020 next month. Since the company posted its fourth-quarter earnings on September 11, it has lost 43.6% of its stock value as of Monday. The lower-than-expected fourth-quarter revenues, analysts' downgrades, and weakness in the cannabis sector appear to have caused the company's stock to fall.

  • Motorola teases new Razr phone: ‘You’re going to flip’
    Business
    American City Business Journals

    Motorola teases new Razr phone: ‘You’re going to flip’

    The Motorola Razr was undeniably one of the most popular consumer technology devices of the mid 2000s. The iconic phone sold 130 million units over a four-year span after launching in 2004, and it was the best-selling flip phone in the world. The Razr was seen everywhere from the 2005 Academy Awards gift bags to the set of Entourage as the preferred phone of Ari Gold.

  • Business
    USA TODAY

    If you're saving for retirement, remember this: It's really just 20 years of unemployment

    A happy, healthy retirement is most everyone's dream. According to Northwestern Mutual's Planning & Progress Study 2019, only 16% of the adults surveyed had saved $200,000 or more for retirement. Add to those sobering statistics of under-saving is the fact that most Americans have unrealistic expectations about their standard of living in retirement.

  • Are The Sherwin-Williams Company (NYSE:SHW) Investors Paying Above The Intrinsic Value?
    Business
    Simply Wall St.

    Are The Sherwin-Williams Company (NYSE:SHW) Investors Paying Above The Intrinsic Value?

    How far off is The Sherwin-Williams Company (NYSE:SHW) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by taking the expected future cash flows and discounting them to today's value. We generally believe that a company's value is the present value of all of the cash it will generate in the future.

  • Canopy Growth: Analysts’ Target Prices and Ratings
    Business
    Market Realist

    Canopy Growth: Analysts’ Target Prices and Ratings

    Canopy Growth (CGC) (WEED) is already down by 24.26% in 2019 YTD (year-to-date). Despite being one of the bigger cannabis players, Canopy Growth has not escaped the backlash associated with the vaping crisis. Analysts' ratings on Canopy Growth Over the past 12-month period, the stock got more coverage from analysts.

  • The Cadence Design Systems (NASDAQ:CDNS) Share Price Has Gained 285%, So Why Not Pay It Some Attention?
    Business
    Simply Wall St.

    The Cadence Design Systems (NASDAQ:CDNS) Share Price Has Gained 285%, So Why Not Pay It Some Attention?

    It hasn't been the best quarter for Cadence Design Systems, Inc. (NASDAQ:CDNS) shareholders, since the share price has fallen 10% in that time. Only time will tell if there is still too much optimism currently reflected in the share price. In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business.

  • These 2 Tech Stocks Could Gain Over 45%
    Business
    Market Realist

    These 2 Tech Stocks Could Gain Over 45%

    Since the start of September, high-growth tech stocks have lost significant market value. Let's have a look at the growth metrics, valuations, and target estimates for two tech stocks that could close 2019 on a high. Alteryx stock is trading 40% below its record high Alteryx stock (AYX) has lost close to 40% since September.

  • AT&T’s planned HBO Max is a ‘difficult balancing game,' analysts say
    News
    American City Business Journals

    AT&T’s planned HBO Max is a ‘difficult balancing game,' analysts say

    AT&T Inc. is set to unveil “HBO Max” next week at a long-anticipated event – but analysts expect some challenges. “AT&T is adding risk,” analysts at Cowen said in a note on Tuesday. The Dallas-based telecommunications and media company announced Tuesday it will discuss plans Oct. 29 for HBO Max, its full-bodied direct-to-consumer offering after the acquisition of Time Warner in 2018.

  • Hedge Funds Bailed Out of Teva Pharmaceutical Industries (TEVA) At the Right Time
    Business
    Insider Monkey

    Hedge Funds Bailed Out of Teva Pharmaceutical Industries (TEVA) At the Right Time

    In this article we will find out how hedge fund sentiment to Teva Pharmaceutical Industries Limited (NYSE:TEVA) changed recently. Teva Pharmaceutical Industries Limited (NYSE:TEVA) investors should pay attention to a decrease in hedge fund interest recently. TEVA was in 25 hedge funds' portfolios at the end of June.

  • Google Recruits Microsoft Exec to Best It in the Cloud
    Business
    Market Realist

    Google Recruits Microsoft Exec to Best It in the Cloud

    It held an 8.0% share of the global cloud market in the second quarter. In comparison, Microsoft held a 16% share, and Amazon held a 33% share of the market in the second quarter. However, Google aims to overtake Microsoft within five years (by 2024).

  • HPE Stock: Why Bank of America Turned Bullish
    Business
    Market Realist

    HPE Stock: Why Bank of America Turned Bullish

    Hewlett Packard Enterprise (HPE) stock surged over 4% yesterday and closed the trading session at $15.97. HPE climbed after one Wall Street analyst gave the stock a double-upgrade. At Monday's closing price, HPE's market capitalization was $20.9 billion.

  • What $1 million buys in Austin's housing market
    Business
    American City Business Journals

    What $1 million buys in Austin's housing market

    The size of home you can buy for $1 million in Austin is shrinking faster than just about every big city in the country. A typical $1 million home in the city of Austin in 2019 is a single-family residence with median square footage of 3,001, four bedrooms and three bathrooms, according to a new Zillow report. Nashville notably saw a 28% decrease in the size of its typical $1 million house, going from 5,029 square feet in 2014 to 3,637 in 2019.

  • Cannabis Edibles: Why It’s a Big Deal
    Business
    Market Realist

    Cannabis Edibles: Why It’s a Big Deal

    The first year of legal cannabis As reported by BNN Bloomberg, Cannabis Benchmarks estimated that Canada would sell $1.1 billion worth of legal marijuana in the first legal year. At a rate of $10.23 per gram, the estimate transformed to 105,000 kilograms.