After-hours buzz: Boeing, H&R Block & more
Check out the companies making headlines after the bell: Shares of Boeing ticked higher in extended trading Thursday on news that the aircraft-maker completed 96 flights testing performance of the 737 Max with updated software. The company is working to...
Stocks making the biggest moves midday: Tesla, Fastenal, Bed Bath & Beyond & more
Check out the companies making headlines midday Thursday: Chipotle Mexican Grill — Shares of Chipotle fell 2% after Jefferies lowered the stock’s rating to hold from buy on Thursday, saying the restaurant chain’s “valuation is full.” Chipotle’s shares have climbed...
‘The worst, ill-suited appointments’: Pelosi slams Trump’s Fed picks Herman Cain and Stephen Moore
House Democratic leadership slammed President Donald Trump’s nominees for the Federal Reserve’s Board of Governors, calling them unqualified and dangerous. Speaking to reporters at a private lawmakers’ retreat, House Speaker Nancy Pelosi called conservative commentator Stephen Moore and businessman Herman...
Fed must ‘tread carefully’ given market signals on outlook: Bullard
Financial markets are sending worrisome signals about the U.S. economic outlook and the Federal Reserve needs to “tread carefully” to keep the economy growing, a policymaker at the U.S. central bank said on Thursday. St. Louis Federal Reserve President James...
Fed’s Clarida: US slowing, but expansion will ‘almost certainly’ break record
The U.S. is economy likely slowing from its strong rate of growth in 2018, with “important international risks” clouding the outlook, Federal Reserve vice chairman Richard Clarida said on Thursday. This summer, 10 years after the U.S. emerged from a...
Signs of a global economic recovery in the second half are emerging
Worries about the global economy percolate even as equities around the world rise, but an economist at Ned Davis Research says the worst of it may be over. Alejandra Grindal, senior international economist at the firm, said the aggregate of...
US producer prices post the biggest increase in 5 months
U.S. producer prices increased by the most in five months in March, but underlying wholesale inflation was tame. The Labor Department said on Thursday its producer price index for final demand rose 0.6 percent last month, lifted by a surge...
Gasoline likely going sky high on West Coast, but rest of US may not even see $3 this summer
California stations are selling $4 a gallon gasoline, but for drivers in most other states, unleaded gas this summer may not even reach $3 a gallon or stay there for long if it does. Rising gasoline prices were a big...
Fed Chairman Jerome Powell to meet with Democrats as Trump increases pressure on central bank
Federal Reserve Chairman Jerome Powell will meet with Democratic lawmakers at their annual policy retreat Thursday night as the central bank faces renewed political pressure from the Trump White House. Democrats invited Powell to the meeting as part of an...
After-hours buzz: Bed Bath & Beyond, Costco & more
Check out the companies making headlines after the bell: Shares of Bed Bath & Beyond initially jumped before reversing to trade 6% lower after hours Wednesday following the release of the retailer’s mixed fourth quarter earnings. Bed Bath & Beyond...