Stocks rose sharply on Thursday after the Federal Reserve hinted at possible interest rate cuts as soon as next month.US Marketsread more
The billionaire investor believes the stock market is in a "zone of fair value" at current levels.Marketsread more
The Federal Reserve may be on its way to delivering a half-point interest rate cut next month, according to Goldman Sachs economists.Economyread more
However, Slack chief Stewart Butterfield says, "The broader world of email will stick around."Technologyread more
Crude oil prices jump on news of the attack, which Iran says happened over its territory.World Politicsread more
Apple is considering moving some production from China as it is expected release of its new iPhone line this fall, The Wall Street Journal reported.Technologyread more
Workplace messaging firm Slack is about to go public in a red-hot IPO market, but it's approach to going public--using a "direct listing"--is slightly different than an IPO.Trader Talk with Bob Pisaniread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
National Securities' Art Hogan sees the U.S.-China trade war as the market's biggest risk – not Fed policy.Trading Nationread more
The Philadelphia Federal Reserve's manufacturing gauge tumbled this month, solidifying the Fed's case for easier monetary policy.Economyread more
Declining traffic to Olive Garden, Darden's top restaurant chain, resulted in weaker-than-expected revenue for its fiscal fourth quarter.Restaurantsread more
Orders for long-lasting U.S. manufactured goods unexpectedly rose in April, but a drop in a measure of business capital spending plans could temper expectations for a sharp rebound in economic growth this quarter.
The Commerce Department said on Tuesday durable goods orders increased 0.8 percent as demand for defense capital goods surged and orders for fabricated metal products, transportation equipment and electrical equipment, appliances and components rose.
Durable goods range from toasters to aircraft and are meant to last three years or more. Orders advanced by a revised 3.6 percent in March. Economists polled by Reuters had forecast durable goods orders falling 0.5 percent last month after a previously reported 2.5 percent rise in March.
Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, fell 1.2 percent after rising by a revised 4.7 percent in March, which was the largest gain since November.
Economists had expected orders for these so-called core capital goods to rise 0.2 percent last month after a previously reported 2.9 percent jump in March.
The report could cause economists to dial down expectations for a sharp rise in growth in the second quarter after the economy sputtered in the first three months of the year.
Core capital goods shipments fell 0.4 percent last month. Shipments of core capital goods are used to calculate equipment spending in the government's GDP measurement. They had increased 2.1 percent in March.
Orders for defense capital goods jumped 39.3 percent, the largest rise since December 2012. Transportation equipment rose 2.3 percent, even as bookings for civilian aircraft and automobiles fell.
Orders excluding transportation edged up 0.1 percent after increasing 2.9 percent the prior month.
There were declines in orders for machinery, primary metals and computers and electronic products.