Stocks climbed for the third straight session Wednesday after the Federal Reserve held interest rates steady but signaled it could lower them later this year.
Bokeh Capital Partners chief investment officer, Kim Forrest: SOUNDBITE: BOKEH CAPITAL PARTNERS CHIEF INVESTMENT OFFICER, KIM FORREST (ENGLISH) SAYING: "Today's Fed showed us that they're worried about a softening economy and they're willing to cut rates which should allow the multiple paid for stocks to remain where it is or maybe even increase." Trading took a cautious tone with defensive sectors like healthcare and utilities leading the gainers.
Business Insider reports many high-end non-profits, museums, and hedge funds have cut ties with the Sackler family. They include the Metropolitan Museum of New York, The National Portrait Gallery, and..