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Markets doubt Fed’s ability to defend economy, spur inflation

10 hours ago DieselGasoil Comments Off on Markets doubt Fed’s ability to defend economy, spur inflation
JACKSON HOLE, Wyo. (Reuters) – The U.S. Federal Reserve wanted to do two things when it cut rates for the first time in a decade last month: Support the economy and spark inflation expectations. FILE PHOTO: Federal Reserve Chairman Jerome Powell (R) speaks with New York Fed President John Williams and Kansas City Fed President Read More

Is the U.S. economy sinking or the strongest ever? For the Fed, no clear answer

11 hours ago DieselGasoil Comments Off on Is the U.S. economy sinking or the strongest ever? For the Fed, no clear answer
JACKSON HOLE, Wyo. (Reuters) – The U.S. Federal Reserve is under pressure from President Donald Trump to cut interest rates. Investors expect the Fed to cut, perhaps by a lot. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo What’s the holdup?Perhaps more than Read More

U.S. factories show signs of trouble; labor market still firm

11 hours ago DieselGasoil Comments Off on U.S. factories show signs of trouble; labor market still firm
WASHINGTON (Reuters) – Activity is contracting in the U.S. manufacturing sector but the number of Americans filing applications for unemployment benefits fell last week, signs that factories are suffering from a global slowdown even as the broader labor market remains healthy. FILE PHOTO: Line workers spot weld parts of the frame on the flex line Read More

Salesforce revenue forecast beats estimates, shares rise 7%

12 hours ago DieselGasoil Comments Off on Salesforce revenue forecast beats estimates, shares rise 7%
FILE PHOTO: The company logo for Salesforce.com is displayed on the Salesforce Tower in New York City, U.S., March 7, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – Salesforce.com Inc (CRM.N) forecast third-quarter revenue above Wall Street estimates on Thursday, encouraged by more companies opting for its cloud-based services, sending its shares up 7% in extended trading. Read More

Gap same-store sales disappoint as Old Navy struggles

12 hours ago DieselGasoil Comments Off on Gap same-store sales disappoint as Old Navy struggles
FILE PHOTO: People pass by the GAP clothing retail store in Manhattan, New York, U.S., August 15, 2016. REUTERS/Eduardo Munoz /File Photo (Reuters) – Gap Inc (GPS.N) posted quarterly same-store sales that fell short of analysts’ estimates on Thursday, as Old Navy suffered its worse comparable sales figures in three years ahead of a planned Read More

Hasbro to buy studio Entertainment One for $4 billion

12 hours ago DieselGasoil Comments Off on Hasbro to buy studio Entertainment One for $4 billion
FILE PHOTO: A Monopoly board game by Hasbro Gaming is seen in this illustration photo August 13, 2017. REUTERS/Thomas White/Illustration SAN FRANCISCO (Reuters) – U.S. toy maker Hasbro Inc will buy Entertainment One Ltd for about $4 billion in cash, adding the independent studio with preschool brands such as Peppa Pig to the U.S. company Read More

News Corp developing ‘Knewz.com’ service to take on Google News: WSJ

13 hours ago DieselGasoil Comments Off on News Corp developing ‘Knewz.com’ service to take on Google News: WSJ
FILE PHOTO: The News Corporation logo on their headquarters building, home to Fox News, is seen in Manhattan, New York, U.S., July 6, 2016. REUTERS/Mike Segar/File Photo (Reuters) – News Corp (NWSA.O) is developing a news-aggregation service to compete with Alphabet Inc’s (GOOGL.O) Google News and could be launched later this year, the Wall Street Read More

S&P 500 stalls as U.S. employment, manufacturing data offset

13 hours ago DieselGasoil Comments Off on S&P 500 stalls as U.S. employment, manufacturing data offset
NEW YORK (Reuters) – The benchmark S&P 500 struggled for direction on Thursday as strong results from Nordstrom Inc (JWN.N) and a fall in U.S. jobless claims offset data showing a contraction in U.S. manufacturing activity. Stocks initially rose at the market open as shares of Nordstrom jumped after the department store’s quarterly profit beat Read More

Exclusive: Boeing, grappling with uneven 737 supply chain, targets 52 per month in February – sources

14 hours ago DieselGasoil Comments Off on Exclusive: Boeing, grappling with uneven 737 supply chain, targets 52 per month in February – sources
SEATTLE (Reuters) – Boeing Co (BA.N) has told suppliers it will resume production of its best-selling 737 jets at a rate of 52 aircraft per month in February 2020, then stepping up to a record 57 jets monthly in June, three people familiar with the matter told Reuters. FILE PHOTO: Grounded Boeing 737 MAX aircraft Read More

FAA plans to test Boeing MAX software on less-experienced pilots: sources

14 hours ago DieselGasoil Comments Off on FAA plans to test Boeing MAX software on less-experienced pilots: sources
CHICAGO (Reuters) – The U.S. Federal Aviation Administration plans to test next month how pilots with around one year of experience flying Boeing 737 jets handle new software on the MAX model, four sources with knowledge of the matter said. FILE PHOTO: A worker walks past unpainted Boeing 737 MAX aircraft seen parked in an Read More