Trader on the floor of the New York Stock Exchange. Source: NYSE The S&P 500 fell from a record on Thursday as investors await more details on the Federal Reserve’s plan to pull back on monetary stimulus from the central bank’s annual symposium on Friday. Traders were also eying new […]
CNBC
Pentagon confirms two explosions, multiple U.S. and civilian casualties near Kabul airport
Australian citizens and visa holders prepare to board the Royal Australian Air Force C-17A Globemaster III aircraft, as Australian Army infantry personnel provide security and assist with cargo, at Hamid Karzai International Airport in Kabul, Afghanistan August 22, 2021. SGT Glen McCarthy | Australia’s Department of Defense | via Reuters […]
Fed’s Kaplan is worried about inflation and risk-taking and wants to announce taper in September
Dallas Federal Reserve President Robert Kaplan would like to see the central bank announce next month that it will begin tightening its policy reins. Among his reasons is a general belief that the economy can withstand a little less help from the Fed. But Kaplan also said he’s concerned about […]
Bullard says the Fed has to ‘get going’ on the taper, may need to get aggressive to stop inflation
James Bullard, president of the St. Louis Federal Reserve Bank. Scott Eells | Bloomberg | Getty Images St. Louis Federal Reserve President James Bullard said Thursday that the central bank should begin curbing its monthly stimulus efforts soon and have the process wrapped up by the end of March to […]
Weekly jobless claims hold around pandemic-era low; GDP revised higher to 6.6%
Initial claims for unemployment insurance were little changed over the past week, hovering around pandemic-era lows as the jobs market shows further signs of healing. First-time filings totaled 353,000 for the week ended Aug. 14, a slight increase from the previous week’s 349,000, the Labor Department reported Thursday. That was […]
Forbes announces plan to go public via SPAC
The Forbes Magazine stand is pictured at the 24th St Petersburg International Economic Forum. Alexander Demianchuk | TASS | Getty Images Forbes, a long-standing media publication, announced Thursday it plans to go public via a merger with a publicly traded special purpose acquisition company. The company, merging with Magnum Opus Acquisition, is […]
The International Space Station will soon be retired, but a replacement likely won’t come from NASA
The International Space Station got its start in 1998 when its first segments were launched, and it’s now starting to show its age. Since 2000, the ISS has continuously housed a rotating group of astronauts from 19 countries. The station has the only laboratory for long-duration microgravity research and has […]
Stocks making the biggest moves premarket: Coty, Dollar General, Dollar Tree, Smucker and others
Check out the companies making headlines before the bell: Coty (COTY) – The cosmetics maker’s shares added 2.7% in the premarket after it said it expects a return to annual sales growth this year. Coty’s adjusted loss for its latest quarter was 9 cents per share, 3 cents wider than […]
S&P 500 futures pull back slightly from record ahead of economic data, Fed summit
A trader works on the floor at the New York Stock Exchange (NYSE) in New York, August 20, 2021. Andrew Kelly | Reuters S&P 500 futures were lower on Wednesday following the benchmark’s rally above the 4,500 level for the first time ever in the prior session. S&P 500 futures […]
UK reports ‘high threat’ of terrorist attack at Kabul airport; U.S. urges people to stay away
People who want to flee the country continue to wait around Hamid Karzai International Airport in Kabul, Afghanistan on August 25, 2021. Anadolu Agency | Anadolu Agency | Getty Images LONDON — Officials from the U.K. have warned of a “highly credible” threat of an attack at Kabul airport by […]