Deere rises after tractor-maker reports better-than-expected earnings, says farming stabilizing
A Deere & Co. John Deere 9560 combine harvester unloads soft red winter (SRW) wheat during a harvest in the village of Kirkland in Dekalb, Illinois, July 9, 2018. Daniel Acker | Bloomberg | Getty Images Shares of Deere spiked...
Expectations for a rate cut will fade as coronavirus fear eases, Fed’s James Bullard says
Markets expecting an interest rate cut are reacting to the coronavirus scare and likely will reverse once the fear starts to fade, St. Louis Fed President James Bullard said Friday. Central bank officials have indicated that they are content to...
Fed’s Bostic says ‘we won’t have to do anything’ on rates, despite market expectations
Atlanta Federal Reserve President Raphael Bostic became the latest central banker to advocate a hold on interest rates, telling CNBC that he doesn’t see a need to change given current conditions. Despite the market pricing in up to two cuts...
The Federal Reserve thinks low rates have had only a ‘modest’ impact on stock market prices
The Federal Reserve’s extraordinary policy moves over the last 12 years have marched arm in arm with the biggest bull market in Wall Street history. But the central bank’s economists say the two really have little in common. As part...
Stocks making the biggest moves after hours: First Solar, Dropbox, Fitbit and more
A contractor for First Solar Inc. works on construction of the Tenaska Imperial Solar Energy Center South project in Imperial County, California. Sam Hodgson | Bloomberg | Getty Images Check out the companies making headlines after the bell: Dropbox —...
Goldman Sachs decided to pass on E-Trade before Morgan Stanley snatched it up, sources say
Goldman Sachs had plenty of chances to make an offer for discount brokerage E-Trade before rival Morgan Stanley made its $13 billion move, but the bank didn’t throw its hat in the ring, according to people with knowledge of the...
America’s manufacturing recession looks like it could be over
A contraction in U.S. manufacturing spurred by the trade battle with China and slowing global growth may have reached an end already, if two key business surveys hold up. Production at American facilities fell in the second half of 2019...
Minimum wage increases aren’t a job killer: Small business survey
A rally for a $15 minimum hourly wage in New York City in 2015. The city raised its minimum wage to $15 in 2018, while New York State raised its minimum wage to $11.80 in December 2019, and that will...
US weekly jobless claims rise slightly, while mid-Atlantic factory activity accelerates
The number of Americans filing for unemployment benefits rose modestly last week, suggesting sustained labor market strength that could help to support the economy amid risks from the coronavirus and weak business investment. There was encouraging news on the struggling...
Stocks making the biggest moves after hours: Imax, Pioneer, Zillow and more
Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines after the bell: Zillow — Shares of the real estate information company climbed 8% in extended trading after the company reported strong fourth-quarter financial results. Zillow had...
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