Stock futures are flat ahead of Fed’s Jackson Hole symposium
Traders on the floor of the New York Stock Exchange. Source: NYSE Stock futures are flat in overnight trading Thursday ahead of the Federal Reserve’s annual Jackson Hole symposium with investors looking for more details into the central bank’s plans...
Weekly jobless claims hold around pandemic-era low; GDP revised higher to 6.6%
Initial claims for unemployment insurance were little changed over the past week, hovering around coronavirus pandemic-era lows as the jobs market shows further signs of healing. First-time filings totaled 353,000 for the week ended Aug. 21, a slight increase from...
Fed’s Esther George says it’s time to start easing off on policy juice
Kansas City Fed President Esther George told CNBC that the economy has reached the point where the central bank can start to pull back on the monetary juice it has been providing. First up for the Fed will be reducing...
Chinese baijiu liquor stocks tumble amid regulatory concerns
Signage for China Kweichow Moutai Distillery Co. baijiu liquor lines a road at the company’s facility in the Maotai section of the Renhuai District in Zunyi, Guizhou Province, China, on Thursday, April 7, 2011. Nelson Ching | Bloomberg | Getty...
The economy could be getting help from positive news on the delta variant
People wearing protective face masks walk in downtown St. Petersburg, amid coronavirus disease (COVID-19) pandemic, in Florida, August 6, 2021. Octavio Jones | Reuters If the U.S. recovery is going to progress, it will need the help of efforts to...
House vote on $3.5 trillion budget raises prospect of higher taxes on the rich
Phil Roeder The prospect of higher taxes for wealthy Americans edged closer on Tuesday as House Democrats passed a $3.5 trillion budget plan. That framework lays the groundwork for Democrats to write formal legislation that can pass without one Republican...
Stock futures are flat after S&P 500 posts record close
U.S. stock index futures were little changed during overnight trading Tuesday, after the S&P 500 and Nasdaq Composite closed at record highs during regular trading. Futures contracts tied to the Dow Jones Industrial Average gained 18 points. S&P 500 futures...
Stock futures inch higher after a broad rally on Wall Street amid vaccine approval
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 11, 2021. Andrew Kelly | Reuters Stock futures edged higher in early morning trading on Tuesday following a broad-based...
Stocks making the biggest moves midday: Pfizer, Moderna, Boeing and more
A Boeing 737 MAX 10 airliner pauses while taxiing on the flight line before its first flight at Renton Municipal Airport on June 18, 2021 in Renton, Washington. Stephen Brashear | Getty Images Check out the companies making headlines in...
Home sales rose for the second straight month in July, as demand outpaced slightly stronger supply
A home, available for sale, is shown on August 12, 2021 in Houston, Texas. Brandon Bell | Getty Images Sales of existing homes in July rose 2% from June to a seasonally adjusted, annualized rate of 5.99 million units, according...