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
The importance of drug pricing and other health-care issues in the presidential campaign will keep a lid on health-care stocks, according to a Wall Street analyst.
"The U.S. presidential election has shifted into overdrive and health care is again one of the campaign trail's prominent and controversial issues," Kelly Bogdanov, vice president and portfolio analyst at RBC Wealth Management, wrote in a note to clients Feb. 16. "As the candidates kick around this political football, share prices and sentiment have soured. Investors should approach the near term with caution."
A Donald Trump presidency, which could get another major boost from the Nevada caucuses Tuesday, won't be that much friendlier to the industry either, according to RBC.