‘The Fed has gone crazy’: Trump rails against Federal Reserve over rate hikes amid market plunge

Drew Angerer/Getty Images President Donald Trump said he believes “the Fed has gone crazy” amid recent interest rate hikes. Trump’s statement comes after stocks plunged on Wednesday. The Nasdaq Composite index and the Dow Jones dropped more than 4% and 800 points respectively. The Fed is expected to raise interest rate through the end of 2018 […]

Martin Lewis urges homeowners to do this NOW to avoid energy bill price hikes

Martin Lewis said the big energy firms are increasing prices once again (Image: getty) So let me be plain NOW IS THE TIME to switch before winter, every week’s delay risks you paying more.  And if you’re on a standard tariff (ie the hideously expensive one most people are on) then as with typical bills […]

Walgreens beats, hikes its dividend, and announces a $10 billion share buyback program (WBA)

Wikicommons Walgreens Boots Alliance beat on both the top and bottom lines. The company hiked its dividend and announced a $ 10 bilion share buyback program. (Reuters) – Walgreens Boots Alliance Inc’s third-quarter profit beat analysts’ expectations on Thursday, benefiting from its acquisition of Rite Aid Corp stores, and the drugstore chain authorized a $ 10 billion […]

Drug maker hikes price of 2-in-1 painkiller >2,000%—$36 drugs now $3,000

Enlarge (credit: Getty | Mario Tama) Irish drug company Horizon Pharma has hiked the price of a two-in-one painkiller by more than 2,000 percent in the past five years, according to a report in Financial Times A 60-pill bottle of the drug combo, Vimovo, cost $ 138 in 2013 when AstraZeneca sold it to Horizon. […]

Bank of America hikes its stock market forecast for 2018, but is on standby for any reason to turn bearish

Scott Olson/Getty Equity strategists at Bank of America Merrill Lynch raised their year-end price target on the S&P 500 to 3,000 from 2,800.  “We are watching for signs to temper our enthusiasm on the S&P 500,” they said in a note. Still, they noted that the year right before a market peak is usually one […]

The lousy performance of the US dollar following Fed rate hikes, in one chart

For those who like to dabble in currency trading — and there’s more than a few of you — the chart below may be of interest. From Nomura, it shows the reaction in the US dollar index, or DXY, before and after interest rate increases from the US Federal Reserve over the past few years. […]

Companies are rushing to announce special bonuses and pay hikes after the GOP tax plan

REUTERS/Stephanie Keith Both the House and Senate passed the final version of the Republican tax bill on Wednesday, and a number of companies took the opportunity to announce special bonuses or pay hikes.  The bill reduces the corporate tax rate to 21% from 35% while allowing a one-time repatriation of overseas cash. Companies are mostly expected to buy back […]

2018 Land Rover Discovery adds diesel option to all trims, price hikes across the board

Though the Land Rover Discovery was completely redesigned for the 2017 model year, the automaker already is rolling out a few updates for the 2018 model year. Among the major changes is the availability of the diesel engine on base SE models. Previously the diesel was only available on higher HSE and HSE Luxury trim […]

BLANCHFLOWER: The looming Bank of England rate hikes rekindles ‘feeling of August 2008’

Reuters/Suzanne Plunkett United Kingdom economic growth beat expectations in the third quarter, and inflation has picked up. The Bank of England is hinting at possible interest rate hikes in coming months. Ex-BOE member David Blanchflower tells us the economy is not ready for higher borrowing costs. Stronger economic growth and higher inflation in the United […]

Markets are in denial about upcoming Fed rate hikes

Spencer Platt/Getty Image Stock and bond markets are in denial about the effects of the Fed’s forthcoming QE unwind, whose kick-off is getting closer by the day, according to the minutes of the Fed’s July meeting. “Several participants” were fretting how financial conditions had eased since the rate hikes began in earnest last December, instead […]