Olive Garden brings back 'Pasta Pass'
Olive Garden is bringing back its “Pasta Pass” that lets people gorge on as much pasta as they want for seven weeks. And friends and family are welcome to pig out too this year. The restaurant …
MONEY (MSM)
U.S. consumer prices post first decline in seven months
U.S. consumer prices unexpectedly fell in August as gasoline prices resumed their decline and a strong dollar curbed the cost of other goods, pointing to tame inflation that complicates the Federal Reserve’s decision whether to hike interest rates. The Labor Department said on Wednesday its Consumer Price Index slipped 0.1 percent last month, the first decline since January, after edging up 0.1 percent in July.
FedEx 1st-quarter results mixed, lowers fiscal 2016 outlook
FedEx reported disappointing results for its latest quarter, and the delivery giant cut its full-year profit forecast on weaker demand for freight services and higher costs in its ground division. The …
Colorado braces for day of tax-free weed
An accounting error in Colorado is paying off for marijuana consumers Wednesday, when a quirk in a state tax law prompts the state to suspend most taxes on recreational pot. The one-day pot tax holiday …
Rate anxiety lands at worst time in six years for U.S. earnings
Since World War II, the median rate of growth in profits has decreased markedly when the Fed raised rates, falling by roughly half in the year after an increase, data from Ned Davis Research Group show.
Twitter for president, beer at Taco Bell and disrupting real estate
Yahoo Finance’s Midday Movers is live each weekday at 12pm ET, covering all the latest news on the markets, the economy and the biggest stories of the day.
As Fed meets, decision on rate hike seems like a toss-up
Will they or won’t they? Nine years after they last raised their benchmark interest rate and after months of feverish speculation, Federal Reserve policymakers this week may finally raise that rate from …
GE says it may move up to 500 US jobs overseas
General Electric Co. may move about 500 American jobs overseas because Congress did not renew a government program that allows foreign companies to borrow money to buy U.S. products, the industrial conglomerate …
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.
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.