Fed chief Powell returns to Congress as markets seek clarity
WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell will testify in Congress for the second time this week on Thursday, as markets look for clarity over whether the U.S. central bank will accelerate the pace of its interest rate increases thi…
For CSX, more job and train cuts in post-Harrison era
(Reuters) – U.S. railroad operator CSX Corp said on Thursday at its first investor day since the death of former Chief Executive Hunter Harrison that more cuts to jobs, rail cars and locomotives were key to its three-year plan for boosting profitabilit…
Comcast’s bid for Sky could lure Disney in bidding war
(Reuters) – U.S. cable company Comcast Corp’s proposal to buy Sky Plc for $31 billion has raised the specter of a potential bidding war between with Rupert Murdoch’s Twenty First Century Fox and Walt Disney Co .
Stock futures pare losses after January consumer data
(Reuters) – U.S. stock index futures gave up losses and were largely flat on Thursday after data showed consumer spending in January notched its smallest increase in five months and core inflation rose less than expected.
CSX outlines path forward after death of former CEO Harrison
(Reuters) – U.S. railroad operator CSX Corp on Thursday reaffirmed its longer-term plan for boosting profitability and outlined financial targets for the next two years, ahead of its first investor day following the death of former chief executive, Hun…
Best Buy sales jump during key holiday quarter
NEW YORK (Reuters) – Best Buy Co Inc reported a greater-than-expected jump in quarterly sales on Thursday as it sold more mobile phones, gaming products and appliances during the key holiday season.
U.S. weekly jobless claims drop to lowest level since 1969
WASHINGTON, (Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting the lowest level in more than 48 years, pointing to a rapidly tightening labor market.
Kohl’s sales growth, 2018 outlook send shares higher
NEW YORK (Reuters) – Kohl’s Corp on Thursday reported strong comparable sales fueled by robust holiday-season demand for activewear and online growth and issued a 2018 earnings outlook that topped expectations, sending its shares higher in premarket t…
WPP punished for slow response to advertising upheaval
LONDON (Reuters) – Britain’s WPP struggled to keep pace with changes in advertising in 2017, with its worst annual sales performance since the financial crisis and a gloomy outlook putting its shares on track for their worst day in 20 years.
Gold as an inflation hedge? Well, sort of…
LONDON (Reuters) – Rising inflation has put gold back on the radar for investors looking to protect themselves from emerging price pressures, but history suggests its reputation has been overstated.
