Fed modestly raises outlook, stays mum on rate hike prospects

Fed modestly raises outlook, stays mum on rate hike prospects

The Federal Reserve modestly upgraded its economic outlook Wednesday but did not signal whether it intends to raise interest rates in September for the first time in nearly a decade…. Read more »

HBO Now available for Verizon subscribers

HBO Now available for Verizon subscribers

The new standalone streaming service HBO NOW is now available to Verizon broadband customers and coming to wireless subscribers, too. And HBO content will also be on board with Verizon’s… Read more »

Facebook shares fall despite Street-beating quarter

Facebook shares fall despite Street-beating quarter

Facebook shares fell 2% in after-hours trading on growing concerns over rising expenses despite a Street-beating quarter that showed continued growth from the giant social network. The Menlo Park, Calif.-based… Read more »

Stocks climb, Dow ends up 121 after Fed news

Stocks climb, Dow ends up 121 after Fed news

Stocks rose Wednesday and held onto early gains after the Federal Reserve modestly upgraded its economic outlook but stayed quiet on rate hike prospects at the conclusion of its two-day… Read more »

Yelp shares plunge, chairman steps down

Yelp shares plunge, chairman steps down

Yelp, the crowed-sourced reviews site, has taken a big hit from shareholders after a review of its own. Shares of the site toppled 28% Wednesday after it reported grim second-quarter… Read more »

T-Mobile to take No. 3 slot from Sprint

T-Mobile to take No. 3 slot from Sprint

The already heated competition between T-Mobile CEO John Legere and Sprint’s chief Marcelo Claure could soon reach stratospheric heights. Research firm GSMA Intelligence, which tracks the mobile industry, is predicting… Read more »

Consumer confidence drops sharply in July

Consumer confidence drops sharply in July

Consumer confidence plunged in July as global turmoil rocked financial markets. The Conference Board’s index of consumers’ perceptions fell to 90.9 from June’s 99.8, mostly because of a sharp deterioration… Read more »

Fed unlikely to give rate hike clue this week after meeting

Fed unlikely to give rate hike clue this week after meeting

The Federal Reserve may be as little as six weeks from its first interest rate hike in nearly a decade, but economists don’t expect the central bank to signal its… Read more »

Stocks rally as Wall St. set to end 5-day slide

Stocks rally as Wall St. set to end 5-day slide

Stocks rallied Tuesday as Wall Street was set to shake off its 5-day losing streak, its worst stretch since early January. Markets around the world stabilized after China’s battered and… Read more »

China stock swoon is wildcard as Fed meets on rates

China stock swoon is wildcard as Fed meets on rates

As the first Federal Reserve interest rate hike in nearly a decade nears, so does the importance of every Fed meeting, policy statement and pronouncement. The Fed kicks off its… Read more »

Ford profit surges as big vehicles soar

Ford profit surges as big vehicles soar

Ford earned $1.9 billion in the second-quarter, up 44% from a year earlier, largely on the strength of sales of larger, higher priced and more profitable vehicles in North America…. Read more »

Nevada casinos rake in 8% less in June, $831 million

Nevada casinos rake in 8% less in June, $831 million

Nevada regulators say the state’s casinos kept nearly $831 million of what was gambled in June but the amount was down about 8% compared to a year ago. The Nevada… Read more »

Roger Goodell upholds Patriots QB Tom Brady’s four-game suspension

Roger Goodell upholds Patriots QB Tom Brady’s four-game suspension

NFL Commissioner Roger Goodell upheld Tom Brady’s four-game Deflategate suspension Tuesday, citing the New England Patriots quarterback’s decision to have his cell phone destroyed before a meeting with an NFL-backed… Read more »

DuPont sales slump in second quarter

DuPont sales slump in second quarter

DuPont’s (DD) net income in the second quarter fell 12%, as it also reported a drop in sales for the quarter. The Wilmington-based chemical company reported 1.18 earnings per share,… Read more »

Durable goods orders jump 3.4% in June

Durable goods orders jump 3.4% in June

Orders to U.S. factories for big-ticket manufactured goods posted a sizable gain in June, while business investment rebounded after two months of declines. Orders for durable goods jumped 3.4% in… Read more »

Teva buys Allergan’s generic drug unit for $40.5B

Teva buys Allergan’s generic drug unit for $40.5B

Teva Pharmaceutical Industries said Monday it has agreed to buy Allergan’s generic drug unit for about $40.5 billion. Based in Jerusalem, Teva is one of the world’s largest generic drug… Read more »

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