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U.S. Federal Reserve Board Chairwoman Janet Yellen said that even after a 25 basis point increase in interest rate, monetary policy will remain "accomodative" and the process of normalizing interest rates is likely to "proceed gradually". Yellen added that good progress has been made on jobs and wage growth needs to show a sustained pickup.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?