Live: Facebook vs. Google; President Trump; Ashley Madison info goes public
Join Midday Movers live now for the latest news on the markets, the economy and the biggest stories of the day.
MONEY (MSM)
Live: Facebook vs. Google; President Trump; Ashley Madison info goes public
Join Midday Movers live now for the latest news on the markets, the economy and the biggest stories of the day.
Dow drops 200 points, S&P falls 1% as China weighs; oil drops 3%
U.S. stocks traded lower after a wild trading session in China and ahead of the release of the Federal Reserve’s July meeting minutes.
Bill Gross: Fed will hike rates in Sept as financial conditions a priority
Bond investing guru Bill Gross of Janus Capital Group Inc said in a tweet on Wednesday that the U.S. Federal Reserve will hike rates in September as financial market conditions take precedence over economic …
U.S. oil falls to six-year low on U.S. stockpile build
U.S. oil prices hit their lowest in almost six and a half years on Wednesday after U.S. data showed an unexpected rise in crude stockpiles. U.S. crude stocks were up 2.6 million barrels at 456.21 million barrels last week, the U.S. Energy Information Association (EIA) said. Stocks at Cushing, Oklahoma, the delivery point for U.S. crude futures, rose 326,000 barrels to 57.44 million.
Pope: Unemployment causes grave harm to society, family
Pope Francis is denouncing a global labor market that is interested only in profit and warning that unemployment causes enormous damage to society and families. Francis has been speaking out for months …
Feds: Fogle sought sex with minors, had child pornography
The latest on federal documents accusing longtime Subway pitchman Jared Fogle of engaging in sex acts with minors and receiving child pornography (all times local): 9:40 a.m. Federal prosecutors say longtime …
Uber India aims for a million rides a day, parent gets funding from Tata
Taxi-hailing service Uber Technologies Inc said it plans to average more than 1 million rides a day in India over the next six to nine months, as it steps up investment in its business to take on local rival Ola. The company currently averages about 200,000 trips a day in India, according to industry sources. Uber India also said on Wednesday that its U.S.-based parent had received fresh investment from
Target boosts annual profit outlook as sales rise
Target raised its annual profit outlook as the discounter’s efforts to spruce up fashions and other merchandise are resonating with shoppers. The rosier forecast, delivered Wednesday, comes as the discount-store …
Ashley Madison slams 'moralizing' hackers
AshleyMadison.com said it was investigating the validity of customer data leaked on Tuesday, and slammed the hackers as “moral judges.”