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
Clayton was the opening speaker at the Delivering Alpha conference, presented by CNBC and Institutional Investor.Delivering Alpharead 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
AT&T is not considering a split with its DirecTV unit at this time, people familiar with the situation tell CNBC.The Faber Reportread 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
The presidential campaign is "going to be very tough," the former chief White House strategist.Politicsread 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 market all of the sudden has broken out into a behavior that seems much more rational in September than it did in August," National Securities' Art Hogan says.Trading Nationread more
Huawei launched its Mate 30 smartphone lineup without pre-installed Google-licensed apps amid fallout from a U.S. blacklist.Technologyread more
The Candytopia and Toys R Us partnership will open in late October in Chicago and Atlanta. The exhibits will stay open through the 2019 holidays, before moving on to different...Retailread more
Initially introduced in March 2018, the "Worker Dividend Act" requires firms to distribute the value of its stock buybacks dollar-for-dollar.2020 Electionsread more
Sept 10 (Reuters) - Latin American currencies slid lower on Tuesday, led by the Brazilian real after the government cut its 2019 annual inflation forecast, pointing to further chances of monetary easing in the region's largest economy. The real shed about 0.6%, weighing on MSCI's index of Latin American currencies after the government cut its 2019 inflation forecast to 3.6% from 3.8%. It raised its growth outlook slightly. Central bank chief Roberto Campos Neto previously had flagged more room for monetary easing if inflation remained tepid. The Mexican peso outperformed its regional peers, edging up 0.1%. Finance Minister Arturo Herrera said state-oil firm Pemex is exploring opening a bidding process for public-private contracts in order to ensure the debt-laden firm has enough money to invest and manage its debt profile. Chile's peso was marginally lower as prices of copper, the country's main export, drifted lower. Latin American stock indices were mostly lower, in line with the broader emerging markets as investors stayed away from riskier assets ahead of key central bank meetings. Investors expect an easing package from the European Central Bank at its monetary policy meeting on Thursday, and a likely quarter-point interest rate cut next week from the Federal Reserve. Sao Paulo-listed stocks fell 0.6% after four straight sessions of gains, with financials leading declines. Retailers Magazine Luiza, Via Varejo and B2W fell between 4.5% and 5.6% after U.S. internet marketplace Amazon.com Inc said it would launch its Prime subscription service in the country.
Stocks in Mexico and Chile fell between 0.1% and 0.4%, while those in Colombia moved marginally higher.
Latin American stock indexes and currencies at 14:36 GMT
Stock indexes daily %Latest changeMSCI Emerging Markets 1006.58 -0.4MSCI LatAm 2649.80 -0.86Brazil Bovespa 102756.02 -0.41Mexico IPC 42524.80 -0.32Chile IPSA 4854.72 -0.12Argentina MerVal - -Colombia IGBC 12790.60 0.11Currencies daily %Latest changeBrazil real 4.1214 -0.60Mexico peso 19.5690 0.10Chile peso 714.51 0.00Colombia peso 3379.43 -0.32Peru sol 3.3508 -0.05Argentina peso 56.1000 -0.14
(Reporting by Ambar Warrick and Agamoni Ghosh in Bengaluru; Editing by Dan Grebler)