Discount retailers Dollar Tree Inc. and Dollar General Corp. both reported results for the second quarter that missed analysts' expectations. Looking ahead, Dollar Tree also forecast revenue for the third quarter below analysts' estimates and lowered its full-year revenue outlook. Shares of both companies are falling in pre-market activity.
Stocks may move to the downside in early trading on Thursday, adding to the losses posted in the previous session. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 36 points.
Tiffany & Co. reported slight increase in second-quarter net profit on the absence of prior year's charge, while net sales and comparable sales were weak. Earnings per share topped analysts' estimates, while sales missed their view. Further, the company maintained its fiscal 2016 forecast, expecting lower results. In pre-market activity, shares were gaining 4.54 percent.
German business confidence dropped unexpectedly to a 6-month low in August and marked the biggest monthly fall in more than four years as companies assessed the current situation and future expectations more poorly after Britons voted to exit the EU. The business sentiment index dropped to 106.2 in August from 108.3 in July, results of the Ifo survey showed Thursday.
Trading in the U.S. index futures suggests that Wall Street stocks may open Thursday's session modestly lower, as traders stay guarded, given the nervousness over the trajectory of the Fed rate. Commodities are mostly higher and the dollar is weak. After Asian stocks closed lower, the European markets are seeing marked weakness.
The major European markets are trading lower by early afternoon trading on Thursday, although they have come off their early lows. Risk off mood prevails as traders await Fed Chair Janet Yellen's speech at the annual Jackson Hole symposium on Friday.
A new Nike ad, "Unlimited Pursuit," highlights the hard work and dedication of female Olympians it takes to be the best. The latest installment in the Nike "Unlimited" - Just Do It campaign features some of world's greatest athletes from Rio 2016 Olympics. Gymnasts Simone Biles and Gabby Douglas, tennis player Serena Williams and many others are shown in the 40-second clip.
Amazon.com on Wednesday announced the launch of Kindle Reading Fund, aiming to donate Kindle e-reader, Fire tablets, and Kindle eBooks globally to make books more easily available for digital reading. For this purpose, the company joining hands with local schools and libraries, hospitals, PTA as well as nonprofit organizations, mainly Worldreader.
The FDA has turned down Amgen Inc.'s (AMGN) Parsabiv, proposed for the treatment of secondary hyperparathyroidism in adult patients with chronic kidney disease on hemodialysis.
A federal judge has dismissed a lawsuit that accused Starbucks (SBUX) of cheating customers by "under-filling" its cold beverages.
The lawsuit alleged that Starbucks is deceiving its customers by serving iced drinks with too much ice cubes and less coffee "than advertised."
"If children have figured...
Ford Motor Co. (F) Wednesday issued a recall of more than 88,000 vehicles to fix a fuel pump issue that could cause cars to stall.
The company said no accidents or injuries have been reported due to the defect, however, the defect pose potential safety risks.
The recall involve about 88,000 units...
Apparel retailer Guess? Inc. (GES) on Wednesday reported an increase in profit for the second quarter, despite lower-than-expected revenues reflecting a one-time gain. Earnings for the quarter easily trumped Wall Street estimates, sending the company's stock up over 14 percent in extended hours.
HP Inc. (HPQ) on Wednesday reported a drop in profit for the third quarter hurt largely by a 4 percent drop in revenues as the company continues to struggle with weak demand for printers. Shares of the computer and printer maker slipped 5 percent in extended session after it detailed a weak fourth quarter...
Stocks moved mostly lower over the course of the trading day on Wednesday, more than offsetting the modest uptick seen in the previous session. Selling pressure picked up as the day progressed, dragging the major averages firmly into negative territory.
Mortgage applications in the U.S. dropped 2.1 percent last week, despite lower interest rates.
According to data from the Mortgage Bankers Association, market composite index, a measure of mortgage loan application volume, decreased 2.1 percent on a seasonally adjusted basis from one week earlier.