The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
Market focus is largely attuned to the Federal Reserve, with the U.S. central bank scheduled to publish its latest meeting minutes.Bondsread 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
Here's what Nordstrom reported in their fiscal second-quarter earnings.Retailread more
Apple's move into banking could break a key relationship point between customers and wireless carriers such as Verizon and AT&T, according to MoffettNathanson.Marketsread more
Federal Reserve members worried over future growth are highly concerned about the U.S.-China tariff battleThe Fedread more
President Donald Trump signed a memorandum on Wednesday to automatically cancel the student loan debt of disabled veterans. More than 25,000 service members will have their...Personal Financeread more
Reps. Rosa DeLauro, D-Conn., and Lucille Roybal-Allard, D-Calif., say they sent a letter to Homeland Security and the Department of Health and Human Services seeking answers.Health and Scienceread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
"Federal debt, which is already high by historical standards, is on an unsustainable course," CBO director Phillip Swagel said in the report.Politicsread more
Dutch health technology company Philips on Monday reported a better-than-expected 6% rise in comparable sales for the second quarter, helped by strong demand for its hospital equipment in China and the United States.
Analysts polled by the company had seen adjusted sales growth of 4.5%, compared with a 4% increase in the same period last year.
Sales rose to 4.67 billion euros ($5.24 billion), while adjusted earnings before interest, taxes and amortisation (EBITA) jumped 14% to 549 million euros, roughly meeting expectations.
Philips, which sells products ranging from toothbrushes to medical imaging systems, held on to its forecast of solid growth throughout the year as it reported an 8% increase in new orders.
"We continue to expect our performance momentum to further improve in the second half of the year, supported by sales growth and our productivity programme," Chief Executive Frans van Houten said.
The company, purely focused on healthcare since spinning off its lighting and consumer electronics divisions in recent years, reaffirmed its target for total comparable sales growth of 4% to 6% per year until 2020.