• McConnell's Focus: Finding Votes For Senate Health Care Bill

    Money

    The provision, authored by GOP Congressmen John Faso of Kinderhook and Chris Collins of western NY, is a carryover form the House's American Health Care Act. "I think this really undermines any efforts that we might have in trying to curb the opioid epidemic". "Health care is a very, very tough thing to get, " Trump said.
  • MSCI adds China-listed stocks to index in long awaited move

    MSCI adds China-listed stocks to index in long awaited move

    Money

    Fund managers have welcomed MSCI's decision to include China's mainland domestic shares in its Emerging Markets and ACWI indices for the first time, saying the region is rich with "stockpicking opportunities" for active investors. China's exchanges have also loosened pre-approval rights on financial products linked to A shares, MSCI said, and the index company is addressing the concern about trading halts by making companies that have suspended their shares for more than 50 days in the ...
  • Amazon to buy Whole Foods for $13.7 billion

    Money

    But she is giving Amazon the benefit of the doubt. Offering the most convenient shopping experience possible continues to drive the competition. Apparently longtime CEO John Mackey will stay the CEO and the headquarters will stay in Austin.
  • MSCI Inclusion Should Intensify Scrutiny of Chinese Shares

    Money

    Rowe Price in Hong Kong. "There is not a major push at the moment among our clients for inclusion", Makepeace told Reuters in an interview on Tuesday. "It's very hard for us to articulate any type of timeline with respect to further inclusion", Lieblich told reporters. The move, which was widely anticipated, could trigger an inflow of as much as $210 billion into China's equities over the next five years, according to Goldman Sachs.
  • Whole Foods CEO calls deal with Amazon 'whirlwind courtship'

    Money

    Even the mass-market food makers General Mills and Hormel were under pressure. The company recently opened a new downtown Seattle headquarters. Before this merger was announced, WFM's valuation had shrunk significantly. None of this is firm, however, and some reports show potential (and now unnamed) buyers walking away from the deal if Slack doesn't engage one at this point.
  • Amazon buys Whole Foods in $13.7 billion deal

    Money

    Now it wants to fill your fridge. "This deal has dramatically flipped the table on traditional companies". Phrases like "synergy" were mercifully not used. What these customers may not realize is that the past few years have been rough for the upscale grocery chain. "Everyone's writing about the impact the Whole Foods deal could have on the Target or Kroger types", Roswech said, "but really what is the impact this has on brands, which are in a position to be disintermediated from that ...
  • Fed should be cautious on further rate hikes, Kaplan says

    Fed should be cautious on further rate hikes, Kaplan says

    Money

    US stocks edged lower and prices of US Treasuries pared gains after the Fed's policy statement. This was seen in stark contrast with the May MPC meeting, during which only one member voted to hike. The deflationary impact of technology and ageing populations might also contribute to a low interest rate environment for some time to come, they said.
  • Amazon Is Buying Whole Foods For Close To $13.7 Billion

    Amazon Is Buying Whole Foods For Close To $13.7 Billion

    Money

    Amazon's rose 2.4 per cent. Back in April, activist investor Jana Partners took an 8% stake in the company and pushed the board to look into strategic options including a sale. News that Amazon is buying health-focused grocery chain Whole Foods shook the business world Friday. Empire: The parent company of several grocery store chains offers online shopping with either delivery, in-store pickup or both at several IGA locations.
  • Stocks, dollar firm ahead of Fed decision

    Stocks, dollar firm ahead of Fed decision

    Money

    In the past, when the Fed raised rates, it tended to cause interest rates on mortgages to go up too. Where inflation remains closer to the Fed's 2.0% to 2.5% target range is on the year-over-year readings. Several Fed officials have said publicly they expect the runoff program to continue until the balance sheet declines to about $2 trillion to $2.5 trillion.