US consumer prices rise for the first time in 4 months
U.S. consumer prices rose for the first time in four months in February, but the pace of the increase was modest, resulting in the smallest annual gain in nearly 2-1/2 years. The Labor Department said on Tuesday its Consumer Price...
Stocks making the biggest moves after hours: Stitch Fix, Coupa Software and more
Check out the companies making headlines after the bell: Shares of Stitch Fix surged more than 20 percent in extended trading Monday following the release of the personal styling company’s better-than-expected second-quarter earnings and strong full-year outlook. Stitch Fix posted...
Facebook’s cryptocurrency could be a $19 billion revenue opportunity, Barclays says
One Wall Street firm sees major upside for Facebook if its secretive cryptocurrency plan works out. The social network is reportedly developing a cryptocurrency that could be part of a multibillion-dollar revenue opportunity, Barclays internet analyst Ross Sandler said in...
US retail sales edge up in January, but December is revised sharply lower
U.S. retail sales unexpectedly rose in January, lifted by an increase in purchases of building materials and discretionary spending, but receipts in December were much weaker than initially thought. The report from the Commerce Department on Monday is welcome news...
Average US price of gas jumps 6 cents per gallon, to $2.50
The average U.S. price of regular-grade gasoline is up 6 cents a gallon (3.8 liters) over the past two weeks, to $2.50. Industry analyst Trilby Lundberg of the Lundberg Survey says Sunday that the price at the pump is 9...
Fed Chair Powell: ‘The law is clear,’ Trump can’t fire me
Federal Reserve Chairman Jerome Powell said in an interview aired Sunday that he does not think he can be fired by President Donald Trump. While continuing to avoid direct comment on the president’s withering criticism of central bank interest rate...
Professional esports are just getting started, Take-Two CEO says
Earlier this week at the Barclays Center, 74 men and 1 woman got the chance to live out a dream — they became professional competitive gamers. The esports athletes were officially drafted for the second season of Take-Two’s NBA 2K...
Morgan Stanley CEO James Gorman: A trade deal will not lead to a ‘meaningful rally’ in stocks
Don’t expect a significant boost to stocks if and when the U.S. and China strike a deal on trade, Morgan Stanley CEO James Gorman said Friday. Stopping the trade spat from turning into a true trade war “is clearly a...
Stocks making the biggest moves midday: Costco, Exxon Mobil, Vail Resorts & more
Check out the companies making headlines midday Friday: Big Lots — Shares of Big Lots jumped 15.33 percent after the company reported better-than-expected fourth-quarter earnings. The retailer’s earnings came in at $2.68 earnings per share, 38 cents higher than a...
Stalled out job growth could be warning of slowdown but no signal of recession
February’s job growth slowed to a crawl with just 20,000 payrolls added, but it is more the result of temporarily sluggish growth and not a sign of recession. The shockingly weak report was about 160,000 fewer jobs than economists had...
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