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Federal Reserve members worried over future growth are highly concerned about the U.S.-China tariff battleThe Fedread more
President Trump and Apple CEO Tim Cook have had a rocky relationship in recent years, but Trump is now complimenting the executive publicly.Technologyread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
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SunTrust Robinson Humphrey analysts said in a research note the "Off-Facebook Activity" feature "appears to fall somewhat short of the original pledge by CEO Zuckerberg of...Technologyread more
"If you look at the market over the past week, stocks don't need any help. They are roaring ahead, without the Fed doing anything," says the longtime market strategist.Marketsread more
Target CEO Brian Cornell still thinks the U.S. consumer is strong and spending. Target's latest quarterly results showed the big-box retailer is benefiting from that.Retailread more
Stocks rose on Wednesday as strong quarterly results from retailers such as Target and Lowe's lifted investor sentiment.US Marketsread more
Shares of Yelp tanked after the company's third quarter earnings report and guidance disappointed on Thursday.
The stock was down by 30 percent in premarket trading Friday.
The company reported revenue of $241 million for the quarter, just shy of analyst projections of $245 million. It also adjusted fourth quarter revenue guidance due to slower new account growth.
"We do not believe there was a single or predominant factor that led to the shortfall relative to our expectations, but rather a combination of smaller operational factors that negatively affected productivity," the company said in its shareholder letter. "These issues crystallized in the second half of the third quarter, having an earlier and more concentrated effect on our results under our new local sales model than would have been the case prior to our transition to non-term contracts."
The company issued weak fourth quarter revenue guidance in the range of $239 million to $243 million. Analysts expected revenue of $259.6 million, according to the consensus estimate from FactSet. The company predicts full year revenue to be $938 million to $942 million, also short of expectations.
Last quarter's earnings made shares skyrocket to its new 52-week high in August as it beat estimates and raised its full-year guidance. The stock is up 3.7 percent year-to-date from Thursday's closing price.