The recently released minutes of the July 28-29 Federal Open Market Committee (FOMC) meeting shows that while many members of the Federal Reserve want to raise interest rates, it’s not clear when it will happen. Members of the Fed are generally satisfied with improvements in the economy, but there are still a number of reasons to question a September rate hike, especially since there’s no way to know what factors
Financial data firm Markit said its preliminary U.S. Manufacturing Purchasing Managers’ Index fell to 52.9 in August, its lowest since October 2013, from a final July reading of 53.8. “August’s survey highlights a lack of growth momentum and continued weak price pressures across the U.S. manufacturing sector, which adds some fuel to the dovish argument as policymakers weigh up tightening policy in September,” said Tim Moore, senior economist at Markit.
Tesla Motors Inc. has launched a wholesale revamp of its stores worldwide as the electric-car company prepares to debut the Model X, its first sport-utility vehicle. The effort is largely devoted to telling the Tesla story, critical for a young company selling a product that remains mysterious — and intimidating — to most drivers. During an exclusive tour of a newly refreshed store at the upscale, outdoor Santana Row shopping
With the 10th anniversary of Hurricane Katrina approaching, Wal-Mart is announcing a $25 million, five-year commitment to support disaster recovery efforts around the world. The corporation and its charitable …
Lower commodity prices and falling farm incomes continued to pressure demand for agricultural machinery, with the declines most pronounced in higher-horsepower models, the company said on Friday. It also cited lower demand for construction equipment. Farm and turf equipment sales, which account for more than two-thirds of total revenue, fell 24 percent to $5.31 billion in the third quarter ended July 31.
Yesterday’s drop feels a bit jarring is because the US equity market has been unusually flat for months, lulling us with sideways choppy moves.
Daimler’s (DAIGn.DE) chief executive said “different types” of cooperation with Apple (AAPL.O) and Google (GOOGL.O) are possible as carmakers realize next-generation autos cannot be built without greater input from telecoms and software experts. “Many things are conceivable,” Daimler CEO Dieter Zetsche said in an interview with quarterly magazine Deutsche Unternehmerboerse published on Friday. The emergence of self-driving and connected cars has made software a key component in future cars, opening
U.S. oil prices headed for their eighth consecutive week of falls on Friday, the longest losing streak since 1986, after a sharp drop in Chinese manufacturing increased worries over the health of the world’s biggest energy consumer. Activity in China’s factory sector shrank at its fastest pace in almost 6-1/2 years in August as domestic and export demand dwindled, adding to worries about lower consumption of crude in the second-biggest
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Donald Trump sells himself as a bold empire builder, the kind of businessman who could force through big changes in Washington as president. Yet for all his bravado — “I’ve done an amazing job,” …