Jeremy Siegel: How a Fed hike could boost stocks
“Let’s get it out of the way,” the Wharton professor tells CNBC, adding the uncertainty surrounding the guessing game has actually been hurting stocks more than an actual move.
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Low risk of recession reassures investors. But should it?
Continued U.S. economic growth is the consensus call. But some signals look toppy and financial accidents are hard to handicap.
Wine and tapas? Taco Bell to serve them in Chicago
What kind of wine pairs best with a Chalupa? Taco Bell customers in Chicago and San Francisco will soon be able to find out. The chain says it will open a location that serves wine, beer, sangria and frozen …
Target tests grocery delivery service
Target is testing the online grocery delivery waters. The Minneapolis-based discounter has teamed with Instacart, the online grocery delivery service that started in 2012, to let shoppers in the Minneapolis …
BMW CEO collapses during presentation at auto show
BMW CEO Harald Krueger collapsed Tuesday during a news conference at the Frankfurt auto show and was helped off stage by staff. His condition was not serious, the company said later. Krueger stumbled backward …
Mylan opens $27.14 billion hostile bid for Perrigo
Shares of Mylan are edging up before the opening bell after the pharmaceutical company went ahead with its hostile, $27.14 billion bid for Perrigo. With the cash and stock offer made directly to Perrigo’s …
GM has sufficient scale to go it alone, CEO says
General Motors boss Mary Barra reiterated on Tuesday that a tie-up with Fiat Chrysler was not in her shareholders’ best interest and the U.S. carmaker has the scale to pursue its investments in new technologies on its own.
Twitter offers new cash stream for presidential candidates
Think of it as tweeting for dollars. The social media service Twitter on Tuesday introduced a feature that enables political candidates and advocacy groups to raise money directly via its mobile application, …
Why The Fed Is Likely to Stand Pat This Week
Speeches and interviews have made it fairly clear that Federal Reserve officials were building a case to begin normalizing interest rate policy as soon as this month, but they are increasingly wary that a misstep could derail the economy at a time when they perceive a lack of tools to address renewed weakness. Another concern related to the risk of premature policy tightening was the limited ability of monetary policy to
Street eyes data clues ahead of Fed
U.S. stocks were expected to open higher on Tuesday amid data that could shed light on the closely-anticipated U.S. Federal Reserve meeting this week.