U.S. markets end the day slightly down. The minutes from October's Federal Reserve meeting were released this afternoon and showed much debate occurring over the timeline of raising interest rates. Some policy makers thought they should eliminate the pledge to keep interest rates low "for a considerable time", while others believed an announcement and move of that sort would negatively shake up the financial markets. To accelerate ongoing efforts to cut costs, office supplies retailer Staples (SPLS) announced plans to close 30 stores in addition to the 140 that were already announced. Wall Street enjoyed this news sending shares up 10%, since additional store closures will help with the bottom line.
October’s Minutes Show Fed’s Debate; Staples Boosts Profits By Closing 170 StoresBy: InvestorGuide Staff, dated November 19th, 2014
Recent Commentary and Articles
- Dow Falls 200 Points in Massive Selloff
- Charter Communications (CHTR) to Buy Bright House Networks
- Markets Soar on Monday After a Very Slow Week
- Cellular Dynamics (ICEL) International to be Acquired by FUJIFILM Holdings Corp.
- An Intro To Stock Analysis: Criteria vs Criterion
- Lessor vs Lessee: The Fundamentals of Lease Agreements
- The Differences Between Revenue vs Profit