News Stocks 

The stock that’s surged 150 percent this year – and could rise even higher

“Out of all the stocks in the broad S&P 1500 index with more than $2 billion in market capitalization, the best performer this year is Scientific Games” writes Richard Bord for cnbc.com. Wieczynski maintains a hold rating on the stock, explaining that “we remain on the sidelines until a better entry point presents itself.”. Good news for the company has come in the form of an uptick in earnings, as well as an improving debt situation. Source: cnbc.com Share This:

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News Regulators 

Some Fed members say bank can be ‘patient’ on interest rates due to low inflation

“The Fed appears less settled on the timing of its next increase in interest rates” writes Jeffry Bartash for marketwatch.com. The bank had signaled it would raise its benchmark fed funds rate one more time this year, but a surprising slowdown in inflation has forced officials to reconsider their next step. “Some”Fed officials said the bank could ‘afford to be patient” before raising interest rates again.WASHINGTON (MarketWatch) — Senior Federal Reserve officials engaged in deep debate in July about the path of U.S. inflation after a spate of surprisingly low…

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Roma withdraw interest in Leicester City star Mahrez

“Roma have withdrawn their interest in unsettled Leicester City star Riyad Mahrez after seeing several bids rejected by the Foxes, Goal can confirm” reports sportingnews.com. Leicester have insisted that they will not sell Mahrez until they receive a bid that matches their valuation, reportedly slapping a £40 million price tag on their star midfielder. Source: sportingnews.com Share This:

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Danone shares climb after takeover rumors, activist investor interest

“Bloomberg reported that Keith Meister’s activist hedge fund has grown its stake in Danone because it thinks the company is greatly undervalued” writes Andrey Rudakov for cnbc.com. Kraft Heinz failed a takeover of Unilever earlier this year.He said Kraft Heinz could be a possible buyer but he rebuffed the idea that Coca-Cola would be interested in Danone. Source: cnbc.com Share This:

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News Regulators 

Fed’s Dudley wants to keep raising interest rates slowly

“New York Fed President William Dudley said Monday that he is in favor of continuing to slowly raise short-term interest rates even with inflation below the central bank’s 2% target” writes Senior Economics Reporter for marketwatch.com. In an interview with the Associated Press, Dudley listed two reasons to continue to raise short-term rates, saying financial conditions have eased even though the Fed has been tightening and the current level of short term rates is “pretty low.”.  Source: marketwatch.com Share This:

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Prepare for negative interest rates in the next recession, says top economist

“Negative interest rates will be needed in the next major recession or financial crisis, and central banks should do more to prepare the ground for such policies, according to leading economist Kenneth Rogoff” writes Tim Wallace for telegraph.co.uk. Quantitative easing is not as effective a tonic as cutting rates to below zero, he believes.Central banks around the world turned to money creation in the credit crunch to stimulate the economy when interest rates were already at rock bottom. In a new paper published in the Journal of Economic Perspectives the…

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News Regulators 

Markets to Fed: Little chance of another rate hike this year

“Inflation is the missing ingredient that would put the Fed on a convincing path to raise interest rates” writes Patti Domm for cnbc.com. New York Fed President William Dudley said Thursday that inflation should pick up and that the Fed was still on track to raise interest rates.Stocks moved higher after the inflation report, though markets remain under pressure due to tensions between the U.S. and North Korea.The already skeptical markets now give the Federal Reserve just a 1-in-3 chance of hiking interest rates in December, after a fifth weak…

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News Regulators 

Fed’s Dudley says 2% inflation target will remain elusive even if price pressures pick up

“The outlook for inflation seems to be the critical factor in assessing whether the Fed will continue to gradually raise interest rates” writes Senior Economics Reporter for marketwatch.com. He said he wanted the central bank to hold interest rates steady.Louis Fed President James Bullard said this week he did not expect inflation would accelerate.Dudley predicted the tight labor market combined with the weaker dollar should begin to foster upward inflation pressure soon.See: Here’s what Chicago Fed President thinks about the economy and interest rates And, St. Source: marketwatch.com Share This:

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