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Tonight on Nightly Business Report, the Federal Reserve says the economy is expanding at a “solid pace” setting up a showdown over when exactly rates should be raised. And, what’s behind the surge in Boeing shares?
Qualcomm stock fell about 6 percent in after-hours trading after the company lowered its chip guidance for the second half of the year. The company reported Q1 adjusted earnings of $1.34 per share, compared to Wall Street estimates of $1.25. Revenues for the quarter came in at $7.10 billion, beating estimates of $6.94 billion.
Facebook delivered quarterly earnings and revenue that surpassed of analysts’ expectations on Wednesday, with climbing 64 percent during the quarter. The company posted fourth-quarter earnings of 54 cents per share, up from 31 cents a share in the year-earlier period. Revenue increased to $3.85 billion from $2.59 billion a year ago. Analysts had expected the …
This is a breaking news article. Please check back for updates on this story. The Fed said it would remain “patient” on raising rates, but indicated it saw the U.S. economy getting stronger. The Federal Open Market Committee released its statement Wednesday afternoon. In a unanimous vote, the FOMC said that “the Committee judges that …
Wellness. It’s not just about your waistline any more. Researchers have long known that financial stress can take a toll on physical health. The American Psychological Association says that “for people coping with existing health problems, financial and interpersonal stress can exacerbate their conditions.” Read MoreComing soon to a workplace near you: ‘Wellness – or …
Danny Meyer is already a wealthy man. The founder of Union Square Hospitality Group has owned more than a dozen acclaimed restaurants, including the iconic Union Square Café, and his foodie empire includes books, consulting, events and other services. But the man who made a fortune from his richly comforting oxtail risottos and chestnut-bread puddings …
Waze is a Google app that lets users share traffic information. It also lets drivers know the location of police officers, in case they want to slow down. That has Los Angeles Police Chief Charlie Beck upset, but not because the city loses out on traffic ticket revenue. The chief believes Waze “poses a danger …
In its latest effort to retool its business and return to profitability, Sears Holdings has laid off 115 corporate workers, including 100 employees at its headquarters in Hoffman Estates, Illinois, effective immediately. A spokesman for the retailer, Howard Riefs, said the job cuts represent a “mix of positions in various departments across the organization.” “The …
After countless oil price downgrades, analysts at Goldman Sachs have cut their outlook for the commodity sector as a whole. Goldman downgraded commodities on Wednesday—including energy, metals, agriculture and livestock—to “underweight” from “neutral” on a 3-month basis. “Despite the large declines in commodity prices, we see risks as still skewed to the downside over the …
Accountants and financial advisors may be breathing a sigh of relief that there were no major new tax-law changes this year, but that doesn’t mean they’re happy about the higher taxes their clients are paying now compared to just a few years ago. “Some clients whose situation did not change at all paid $6,000 or …
January is “divorce month.” Yes, that’s right. There is roughly a one-third increase in divorce filings in January. The reason for this large uptick in uncouplings might just be because spouses try to keep the marriage together through the holiday season, then move forward with their long-planned divorce once the kids are back to school …
Facebook shares have been on a tear, up 40 percent over the past 12 months on growth across all its metrics. But that growth is projected to slow way down in light of tough comparisons and a steep jump in expenses. On Wednesday afternoon Facebook will be under pressure to continue its streak, and answer …
An investor could drive themselves to the point of paralysis trying to figure out the exact moment for an opportunistic energy stock investment. One day the oil prices are back up 5 percent—signaling a “bottom” has been reached—until the next day, when oil prices are back down by an equal amount—signaling that oil prices can, …
Simon Hobbs is at the Americas Lodging Investment Summit where executives are very optimistic about the hotel industry’s future.
