Philadelphia Fed's factory gauge moves back into growth territory in September
The numbers: The Philadelphia Fed said Thursday its gauge of regional business activity rose to 1.7 in September from negative 7 in the prior month. Economists polled by the Wall Street Journal ...
A Fed rate cut with the stock market at a record high? Here's what history says.
The S&P 500 SPX briefly traded above its record close from July 16 after the Fed delivered a rate cut of 50 basis points before erasing its gain to end 0.3% lower. Stock-index futures pointed to sharp ...
Powell's recalibration on rates may bring 1995-like boost to stocks: strategist
Dario Perkins, managing director for global macro at TS Lombard, says he never doubted Fed Chair Jerome Powell's ability to sell a half percentage point rate cut more as a victory lap in its fight ...
Jobless claims fall to lowest level since May
The numbers: The number of Americans who applied for unemployment benefits last week fell to the lowest level since mid-May. New claims decreased by 12,000 in the seven days that ended Sept. 14 from ...
Politico owner Axel Springer strikes deal with KKR to split off media business
Politico owner Axel Springer has reached an agreement with its top shareholder KKR to separate its portfolio of media assets from its fast-growing classified advertisements business.
Corning's stock rises as it sticks to Q3 profit view
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