Tag: Yahoo Finance

Fed's George says U.S. economy does not require interest rate cuts

The U.S. Federal Reserve should not cut interest rates further and easing policy as insurance against economic headwinds risks increasing financial instability at a stage in the business cycle when policymakers have limited room for maneuver, Kansas City Fed Bank President Esther George said on Friday. "My own outlook for the economy does not call for a monetary policy response," George said in prepared remarks to an energy conference the regional bank was co-hosting with the Dallas Fed. George has voted to keep rates unchanged on both occasions along with Boston Fed President Eric Rosengren and has also pushed back on the idea that interest rate cuts may be desirable to boost inflation, which has repeatedly undershot the Fed's 2% target....

Settling Opioid Suits Probably Won’t End the Crisis

(Bloomberg Opinion) -- Imagine you’re the chief executive officer of a large pharmaceutical corporation with an important drug that’s under attack. More than 2,500 lawsuits have been filed against your company. The plaintiffs aren’t individuals, though, they’re governments — counties, cities and states. And some of the biggest names in the plaintiffs’ bar have agreed to represent these entities, lawyers like Joe Rice, whose firm was said to have earned $1 billion for helping to bring the tobacco companies to heel in the 1990s.You know you’ve got some incriminating-sounding documents in your corporate files — what company doesn’t? — but you also know that the Food and Drug Administration approved your drug. Patients crushed it and snorted it — something that was never intended. And you’re convinced that the plaintiffs are pushing the envelope with the public nuisance laws they are relying on to bring these cases. Yes, your company will...

At This Point, Going Retail Would Be a Tailwind for Activision Stock

Most of the talk about Activision Blizzard (NASDAQ:ATVI) in recent days has revolved around the controversy created by banning one of its esports tournament players for supporting Hong Kong's anti-Beijing protesters, and Activision stock took the punishment. Source: Lauren Elisabeth / Shutterstock.com Investors didn't like the move, which forced the cancellation of an Overwatch event in New York City and had gamers calling for bans of ATVI products. Who knew video gaming could be so controversial?InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs I thought about a subject for my latest article about ATVI stock, I considered some sort of angle to do with the protest, but quickly concluded that I have little appetite for discussing the pros and cons of companies standing with or against Mainland China. * 7 Reasons to Buy Canopy Growth Stock I'll leave that to the politicians and protesters. However, a news piece that...

3 ‘Strong Buy’ Energy Stocks to Consider Ahead of Earnings

Third quarter earnings season is just ahead, and it’s a cinch that markets are going to react when companies start reporting real results. The regular ritual of revealing actual performance versus the forecast guidelines gives investors the data they need to sort the grain from the chaff. The real trick is to interpret the results correctly.That can depend on many factors, among the most important of which is volatility – and no market segment better shows that than the oil sector. Oil prices peaked five years ago, dropped sharply through 2015, and rose after early 2016. Crude prices gained steadily until Q3 of 2018, and then the bottom dropped out again. Since then, prices have failed to gain traction.However, Jeff Grampp, writing from Northland Securities, sees increasing production as boding well for the third quarter. He writes, anticipating the earnings reports, “We expect the focus during earnings to continue to be...