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  • Investors cautious ahead of Fed minutes; Pay-to-play at the Super Bowl halftime show? Can back-to-school season boost retailers?

    Dean Arrindell at Hot Stock Minute2 hrs ago

    The minutes of last month’s Federal Reserve meeting will be released later today. Investors will be keeping a close eye on what the Fed has to say about the labor market. The release comes ahead of Fed Chair Janet Yellen's speech at the Kansas City Fed’s Jackson Hole conference on Friday. The Fed minutes will be released at 2p.m. Eastern today.

    A couple of retailers reported earnings indicating they are struggling. Staples (SPLS) beat on both earnings and revenue, but the latter was down nearly 2% compared to a year earlier. The company said sales could fall in the current quarter as it continues to struggle with competition from big box and online retailers. Meanwhile, Target (TGT) lowered its outlook for the year as it reported that it missed earnings estimates by a penny, but beat on revenue by about $30 million.

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