Fed Increases Taper by $10B, Stocks End at 2014 Low
Stocks slid today, ending at a 2014 low, after the Fed announced that they will be trimming its monthly bond purchases by another $10 billion. This announcement marks one of Bernanke's final decisions as the chair of the Federal Reserve. On Saturday, Janet Yellen will officially become the chair of the Federal Reserve and will be in charge of directing all stimulus decisions from then on. Due to the large scale of Target's (TGT) security breach, the federal authorities have decided to step in and begin investigating. While it was assumed that the authorities have been investigating it for some time, it was confirmed today by Attorney General Eric Holder.As the Super Bowl is now only days away some advertisers have been releasing their ads early in hopes of drawing additional attention.
Word on the Street
- The reason behind JCPenny (JCP) raising prices.
- The new Fiat Chrysler Automobiles company is set to be traded on the NYSE.
- Does Bitcoin have an image problem?
- Check out the Super Bowl Ads early.
- Federal Authorities have begun investigating into Target's data breach.
- McDonald's (MCD) rivalry with Starbucks (SBUX) is hurting its business.
- D.R. Horton (DHI) up on strong demand and higher house prices.
Published on Jan 29, 2014By InvestorGuide Staff