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
Check out which companies are making headlines before the bell:
Gap — The apparel company's stock headed higher after positive early Black Friday results, leading a group of retailers that includes Best Buy and Target. The industry is also preparing for the Cyber Monday surge, as shoppers are expected to spend more than ever on the e-commerce discount day.
Meredith Corp. — The media group reached an agreement to acquire Time in an all-cash deal valued at $2.8 billion. The acquisition is a coup for Meredith, Reuters reported, as the company held unsuccessful talks to buy Time earlier this year, as well as in 2013.
Regeneron Pharmaceuticals — The biotechnology company suffered a setback when nevascumab, a drug under development, failed to improve vision in clinical trials when paired with the company's flagship drug Eylea, STAT News reported.
Buffalo Wild Wings — The company's stock was downgraded to neutral from buy by analysts at UBS. In a note, the analysts say the neutral rating reflects a more "balanced risk/reward" scenario as reports of potential bidders have recently surfaced. The analysts did, however, raise their price target on Buffalo Wild Wings shares to $148 a share from $140.
Western Digital — Western Digital shares were downgraded to equal weight from overweight by analysts at Morgan Stanley. The analysts cited Western Digital's exposure to declining prices in NAND flash memory. "Given our view of the cycle, we cannot recommend the sector until the market recognizes mounting pressure on NAND prices and slowing logic chip growth momentum in the near term," they said.
Square — Analysts at BTIG poured water over the recent rally of the mobile payment company's stock, downgrading it to sell from neutral. In a note, they said the stock's jump this month — which has been driven in part by excitement that the company is letting some users buy and sell bitcoin on its Cash app — is overdone.
Apple — UBS lowered its iPhone sales forecast, noting a survey it conducted showed "more muted" demand for the popular smartphone.