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Updated: 25 min 34 sec ago
Shares of social-media and biotech companies were lower Tuesday as the Fed's semiannual testimony included a warning over their valuations.
Fed Chair Janet Yellen is still making a case for keeping the central bank’s easy-money stimulus policies in place.
The non-partisan group said U.S. public debt will probably swell to 106% of gross domestic product in the next 25 years, from 74% currently.
Business inventories rose 0.5% in May to a seasonally adjusted $1.34 trillion, the Commerce Department said Tuesday.
The Fed chief said economic recovery is still underway as an ailing jobs market and stagnant wages justify loose monetary policy for the foreseeable future.
Federal debt held by the public is now about 74% of gross domestic product, the Congressional Budget Office said Tuesday.
Silicon Valley-based VMware Inc said it will form a cloud computing partnership with China Telecom Corp, expanding in China at a time when many U.S. technology firms' businesses there are experiencing fallout from a cyber security squabble.
Banks are leading an early advance in U.S. stocks after JPMorgan Chase and Goldman Sachs turned in better results than investors were expecting.
Tech stocks rose in early trading Tuesday as investors awaited earnings reports from Yahoo Inc. and Intel Corp. after the close of trading.
After parsing through dovish testimony from Fed chief Janet Yellen, U.S. equities shed gains made on the back of strong quarterly bank earnings.
Stock futures edged higher Tuesday as investors digested mixed U.S. retail sales data and several corporate earnings reports.
With drivers looking to visit gas stations less often, automakers are slowly bringing more diesel-powered cars to showrooms.
Shares of Comerica were indicated sharply higher in premarket trade after the bank reported second-quarter earnings of $151 million, or 80 cents a share, up from 76 cents a share a year ago, and above the FactSet EPS estimate of 76 cents.
The New York Fed’s gauge of manufacturing in the Empire State rose to 25.6 in July, from 19.28 the month prior, jumping past the reading of 17 economists expected.
Retail sales ticked just slightly higher in June as sales across auto dealers missed estimates. However, the data still point to a 2Q economic improvement.
Import prices saw a shallower-than-expected pick-up in June, while export prices declined, missing forecasts for a monthly gain.
Sales at U.S. retailers rose in June by the smallest amount since January, but most stores except for auto dealers and home-improvement outlets boasted an improvement in revenue.
The prices paid for goods imported into the U.S. edged up 0.1% in June, largely because of higher fuel costs, the U.S. Labor Department said Tuesday.
The Empire State manufacturing survey climbed to 25.6 in July, up from 19.3 in June, to reach a four-year high, the New York Fed said Tuesday.
Johnson & Johnson (JNJ) on Tuesday reported earnings that climbed by 13 percent in its second quarter, and topped analysts' expectations.