Live: Apple on the skids, Trump's campaign spending and Tinder tussle
Join Midday Movers live now for the latest news on the markets, the economy and the biggest stories of the day.
MONEY (MSM)
Live: Apple on the skids, Trump's campaign spending and Tinder tussle
Join Midday Movers live now for the latest news on the markets, the economy and the biggest stories of the day.
Citigroup: Something big and fundamental has changed in markets
Citigroup Strategist Matt King argues that the liquidity issue is a pervasive one that expands beyond fixed income and cannot be solely attributed to shrinking bank balance sheets.
S&P 500 negative for year; stocks plunge as yuan extends slide
U.S. stocks quickly fell more than 1 percent as a second day of decline in the yuan against the dollar increased concerns about global growth.
Why we dropped Trump's menswear line: Macy's CEO
Macy’s chief Terry Lundgren explains why the store dropped Donald Trump’s menswear line.
American Apparel says may not have enough funds for next 12 months
American Apparel, which is being sued by founder and former Chief Executive Dov Charney over claims of defamation and other matters, said in a regulatory filing it could breach covenants related to a credit facility with Capital One Business Credit Corp. On Tuesday it said it was in talks with Capital One to waive non-compliance, but said there could be no guarantee of a waiver.
Ford remains 'bullish on China' long term: Ford executive
“Longer term, we’re still very bullish on China,” said Hau Thai-Tang, head of global purchasing for Ford. Speaking at an auto industry conference in New York, Hau Thai-Tang said that Ford adjusted for expected lower volumes ahead of the recent downturn. China is the world’s largest auto market by sales.
The Dow's fast and wild swings are giving traders a headache
Already locked in its tightest trading range on record, U.S. investors are watching as rallies and retreats alternate with uncommon speed. This is happening in a market that has gone virtually nowhere in seven months even as the average daily swing widened almost 20 percent from a year ago.
Greek bailout details pored over across Europe
Details of Greece’s latest bailout package were being pored over across Europe on Wednesday as Prime Minister Alexis Tsipras insisted the agreement with creditors would put “a definitive end” …
Policy alone cannot solve U.S. skills mismatch -Fed's Dudley
Federal Reserve policies can benefit U.S. labor markets but cannot alone solve the so-called skills mismatch between workers and employers, New York Fed President William Dudley said on Wednesday. Dudley, in prepared remarks, stressed the need for companies to invest in workforce development to better prepare employees for new technologies on factory floors and other workplaces. The Fed has kept interest rates near zero for six and a half years