Bank stocks have rebounded in recent months as strong results from lenders' retail businesses helped drive firms to record profits.Financeread more
Current and former Tesla employees working in the company's open-air "tent" factory say they felt pressure to take shortcuts to hit aggressive Model 3 production goals,...Technologyread more
Johnson & Johnson reported second-quarter earnings Tuesday before market open.Health and Scienceread more
President Donald Trump and the RNC are picking up key supporters in the business community who did not back him as a candidate in 2016.2020 Electionsread more
Analysts polled by Refinitiv are expecting earnings of $4.89 per share and revenue of $8.83 billion when Goldman Sachs reports second-quarter earnings Tuesday.Financeread more
Early Facebook investor and Trump supporter Peter Thiel weighed in on the Democrats taking on the president in 2020, saying he was "most scared' by Elizabeth Warren.2020 Electionsread more
Tensions between Japan and South Korea come as the U.S. and its trading partners are embroiled in a global trade war.Technologyread more
The one-to-eight stock split would mean the current number of ordinary shares — which stands at 4 billion — will increase to 32 billion. It comes ahead of a reported Hong Kong...Asia Marketsread more
Treasury Secretary Steven Mnuchin is raising red flags ahead of Facebook's proposed cryptocurrency launch.Marketsread more
China's fiscal spending increased 10.7% in the first six months from a year earlier, the finance ministry said on Tuesday, underlining the government's bid to support the...China Economyread more
Beto O'Rourke's campaign for the 2020 election raised just $3.6 million in the second quarter of this year, putting him in the lower tier of candidates who have struggled to...2020 Electionsread more
New York Federal Reserve President William Dudley said Tuesday a September rate hike "is possible."
"I don't think my views have changed very much," Dudley told Fox Business Network. "I think we're looking for growth in the second half of the year that'll be stronger than the first half — so some acceleration in the growth outlook."
He added that the labor market continues to generate reasonable job gains.
"We're edging closer towards the point in time where it'll be appropriate to raise interest rates further," Dudley said. "I think it's possible,"he added, referring to a possible rate hike at the Fed's next policy meeting on Sept. 20-21.
"We have to see how the data falls and where we are in terms of the broad supports for the economy. I think the economy is in OK shape."
When asked about the targeted 2 percent inflation, Dudley said the economy was making progress.
"We're getting closer in the sense that headline inflation is drifting up a little bit," he said, "because the earlier declines from energy prices are dropping out of it year over year calculations."
The markets were lower after Dudley's comments.