The Fed cut interest rates by a quarter point, but it also reaffirmed its rate cut was meant to serve as insurance for the economy.Market Insiderread more
The plan will allow Medicare to negotiate lower prices on as many as 250 drugs and also apply those discounts to private health plans.Health and Scienceread more
The U.S. economy will have a tough time at the start of 2020, says the head of one of the largest bond managers in the world.Delivering Alpharead more
President Donald Trump on Thursday filed a lawsuit against Manhattan District Attorney Cyrus Vance Jr. days after news broke that the prosecutor had subpoenaed years of...Politicsread more
A new Hollister store is coming later this month to New York, right down the block from Macy's, Target and Victoria's Secret in the busy Herald Square shopping district.Retailread more
The Amazon CEO spoke in Washington D.C. about the company's sustainability efforts.Technologyread more
The former CEO of Overstock announced that he's dumped all of his equity and blamed both the "deep state" and the government for his exit.Marketsread more
Investors are asking how the world's third-largest defense spender could have left itself so vulnerable and what that means for the future.Politicsread more
A decline in mortgage rates throughout much of the summer has helped buyers.Housingread more
Jay Clayton, opening speaker at the Delivering Alpha conference, also cautions about the difficulty of "price discovery" for investors trying to cash in on crypto.Delivering Alpharead more
Gelson's, an upscale grocery store chain with 27 locations across Southern California, will sell 12-ounce packages of the Impossible Burger.Food & Beverageread more
Take a look at some of Friday's midday movers:
Blackstone Group - The money manger gained after saying it would spin off its financial advisory.
Darden Restaurants - The parent of Olive Garden wavered after activist shareholder Starboard Value led a successful effort to oust the entire board.
Dave & Buster's Entertainment - The combo restaurant-arcade chain rallied its its market debut.
Exact Sciences - The biotech soared after the federal government agreed to reimburse its new colon-cancer test at the rate it asked for.
GT Advanced Technologies - The company's shares plummeted after it asked a bankruptcy court for approval to close its synthetic-sapphire operations.
J.C. Penney Company - The retailer fell after Maxim Group downgraded its shares to sell from hold.
Tesla Motors - The electric-car maker declined after unveiling a new version of its Model S sedan.
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