Shortly after two more top CEOs abandoned the White House’s manufacturing council, Trump disbands his two councils of business leaders.Read More »
If you're a server in Kansas City, you can count on the generosity of diners: The metro area ranks among the nation's best for average gratuity. That's according to data compiled by Square Inc., which provides transaction software and related credit card-processing equipment to retailers nationwide. Square culled the information from roughly 2 million transactions recorded in July. Check out the accompanying slide show to see where Kansas City ranks. Nationally, tips averaged 16.4 percent. The data came from retailers ranging from small businesses to one as large as Whole Foods (Nasdaq: WFM) and Starbucks (Nasdaq: SBUX). Square's rankings included a list of all U.S. states as well as a separate
When Cisco Systems Inc. (CSCO) reports fiscal fourth-quarter results after the closing bell on Wednesday, it'll prove whether or not the Trump administration's moves are really weighing on its business. The networking giant warned in May that revenue would fall 4% to 6% year-over-year during the fourth quarter, as a result of weak product orders in its public sector business, particularly those that come from the federal government. Cisco's orders in the public sector unit fell 4% during the quarter. CEO Chuck Robbins said at the time that the headwind was a "pretty significant stall...with the lack of budget visibility." Cisco executives said that planned cuts meant many departments in the
U.S. Treasury yields remained lower on Wednesday, as investors pored over the latest minutes released by the Federal Open Market Committee (FOMC). The yield on the benchmark 10-year Treasury note (U.S.:US10Y) traded lower around 2.224 percent at 2:23 p.m. ET, while the yield on the 30-year Treasury bond (U.S.:US10Y) was also lower at 2.806 percent. Earlier, the 2-year Treasury note yield hit a high of 1.359 percent while the 10-year Treasury note yield hit a high of 2.285 percent, the highest levels since August 8.