Which retailer is offering the iPhone at a discounted price? And big news from the Federal Reserve on Thursday’s Bloomberg After The Bell Report.
The Federal Reserve made a big, but expected move to help boost the economy, saying it will buy more mortgage-backed securities to bring down interest rates even more on mortgages and other kinds of loans and extend the time it expects to keep interest rates near zero, into mid-2015.
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Federal officials also said economic growth will improve faster than they projected before. The markets jumped on the fed's announcement with investors, sending the S&P to its highest level since 2007.
Oil also climbed after that news and on concern that protests in the Middle East and North Africa may disrupt supplies.
For the first time, Walmart is taking pre-orders for the newest Apple iPhone and will also offer discounts on the device. A spokeswoman tells Bloomberg the iPhone 5 can be ordered starting at 8 a.m. Friday.
Pre-orders will be available for pickup on September 21st, the same day the phone hits Walmart and Apple stores. It'll sell for about $190 with a two-year contract, $9 less than the price Apple announced.
