The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
Slack Technologies' reference price was set at $26 per share, the New York Stock Exchange announced Wednesday evening.Technologyread more
If the Trump administration and Congress fail to reach a spending agreement, the White House will offer to keep the government funded at its current levels for a year, Mnuchin...Politicsread more
With the Federal Reserve deciding not to cut interest rates but leaving the door open for future cuts, experts are split on what comes next.Trading Nationread more
Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social CapitalTechnologyread more
Investors need to be cautious because the economy will get hurt the longer the trade war drags on, Jim Cramer says.Mad Money with Jim Cramerread more
Oracle found revenue growth from cloud applications in its fiscal fourth quarter, which helped it surpass analysts' expectations.Technologyread more
SunTrust reiterated its buy rating on Shake Shack despite existing and planned store overlap that will eat into same-store sales.
The burger chain opened nine stores within 15 miles of comparable locations in 2016 and plans to open another 25 in 2017 just as close, according to analysts. But with the increasing concentration of stores, SunTrust says multiple expansion is critical to its positive rating.
"Our analysis supports management's assertion that sales cannibalization from new units is pressuring same-store sales," wrote SunTrust analyst Jake Bartlett in Monday's note to clients. "When Shake Shack's same-store sales were +13.3 percent, only 2 new units were opened within 15 miles of comp base stores."
Shake Shack shares fell about 6 percent earlier this month after the company disappointed investors with its second-quarter earnings report. Since touching a high in June, the stock has fallen 20 percent.