Fed's Yellen says case for interest rate hike has strengthened
The case for raising U.S. interest rates has strengthened in recent months because of improvements in the labor market and expectations for moderate economic growth, Federal Reserve Chair Janet Yellen said on Friday. Yellen did not indicate when the U.S. central bank might ...Read More »
- ACEFox Business•22 hours ago
Sears Holdings (NASDAQ:SHLD), which booked another loss in the second quarter, has received interest from a variety of companies eyeing the floundering retailer’s familiar appliance, tool and auto brands. The Illinois-based company has grappled with challenges at Sears and Kmart, two chains that struggling to turn things around in a tough environment for retailers. Sears is facing some broader issues.
- TGTBusiness Insider•2 days ago
A boycott against Target over its bathroom policy seems to be costing the retailer more than anyone expected. The boycott started in April after Target announced that it would welcome transgender customers to use any bathroom or fitting room that matched their gender identity. Critics said the policy opened the door for sexual predators to victimize women and children inside the retailer's bathrooms, and more than 1.4 million people signed a pledge to stop shopping at Target unless it reversed the policy.
- financeReuters•16 hours ago
Investors trimmed risk assets before a gathering of central bankers on Friday, pulling $6.4 billion from U.S.-based stock funds in a course-reversal during the week ended Aug. 24, data from Lipper showed ...