Chicago-area business activity grew at a notably slower rate in the month of August, according to a report released by MNI Indicators on Wednesday. MNI Indicators said its Chicago business barometer dropped to 51.5 in August after edging down to 55.8 in July.
Palo Alto Networks, Inc. (PANW) shares are down about 7%, but we think the stock is overreacting. We believe the tidings are not all that bad. Quarterly results and guidance are a mixed bag, in fact. Watch the slide show for more details.
Mortgage application volume rose last week, ending two straight weeks of declines, as interest rates held steady. The Market Composite Index, a measure of mortgage loan application volume, increased 2.8 percent on a seasonally adjusted basis for the week ending August 26, from one week earlier, according to the Mortgage Bankers Association or MBA.
As part of the launch of "Rogue One: A Star Wars Story," a new toyline was unveiled on Wednesday in a stop motion video created by fans. A series of original animated shorts from Star-war fans starring key toys were used to create the video.
Private sector employment in the U.S. increased roughly in line with economist estimates in the month of August, according to a report released by payroll processor ADP on Wednesday. ADP said the private sector added 177,000 jobs in August following an upwardly revised increase of 194,000 jobs in July.
Stocks may move to the downside in early trading on Wednesday, extending the pullback seen in the previous session. The major index futures are currently pointing to a modestly lower open for the markets, with the Dow futures down by 24 points.
Euro area inflation remained stable at a very low level in August, underscoring the difficulties in achieving the inflation target as economic growth remains subdued, official data revealed Wednesday. Separate data showed that the unemployment rate remained unchanged at a five-year low in July. Inflation held steady at 0.2 percent in August, a flash estimate from Eurostat showed.
Policymakers should consider financial stability concerns while deciding when to start normalizing interest rates as the Federal Reserve may be close to achieving its dual mandate of stable prices and maximum sustainable employment, Federal Reserve Bank of Boston President Eric Rosengren said Wednesday.
Early indications suggest that Wall Street persists with its nervous mood on Wednesday, as the Fed has left the door open for another rate hike before the end of the year. Every piece of economic evidence from now on counts and this explains the jittery sentiment of the markets.
Joe Sutter, the legendary Boeing engineer, touted as the "Father of the 747," has died Tuesday. He was 95.
Apple has upgraded the data storage option for its online storage service iCloud Drive, now offering 2 terabytes of space for $19.99 a month. The move reportedly indicates a new storage tier for the upcoming iPhone 7, which is set to be launched on September 7, along with the larger iPhone 7 Plus.
Snyder's-Lance Inc. is recalling Diamond of California Macadamia Nuts due to possible contamination with the deadly Salmonella bacteria. The recalled products were distributed in retail stores nationwide.
Shares of Karyopharm Therapeutics Inc. (KPTI) soared over 36% on Tuesday after the company said it will provide an overview of top-line results from its Phase 2b study for oral Selinexor in multiple myeloma, dubbed STORM, on September 6, 2016.
European stocks are seen opening slightly lower on Wednesday as investors ponder when the Federal Reserve might hike U.S. interest rates again.
Fed Vice Chairman Stanley Fischer said in a television interview on Tuesday that the U.S. job market is "very close to full employment" and that an interest...
Following the upward move seen over the course of the previous session, stocks gave back some ground during trading on Tuesday. Selling pressure was relatively subdued, however, limiting the downside for the markets.