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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.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.