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  • Business
    MarketWatch.com10 minutes ago

    Yellen defends moves to scale back stimulus in face of below-target inflation – live blog and video

    Here’s a last look at markets now that Yellen’s wrapped up and just ahead of the closing bell for stocks: Treasurys remain under pressure, pushing up yields, as investors boost odds for a December rate hike. The 10-year yield  /quotes/zigman/15866666/realtime TMUBMUSD10Y is up 2.272%, a rise of 2.4 basis poitns on the day and up from 2.236% ahead of the announcement.  At the short end of the curve, the 2-year yield is posting a daily gian of 3.3 basis points at 1.438% after trading at 1.381% before the Fed decision came out. The S&P 500  /quotes/zigman/3870025/realtime SPX extended losses but eventually took back some of the lost ground, leaving the index on track to end the day off slightly

  • Finance
    American City Business Journals43 minutes ago

    After rocky few months, here's how CSX dealt with Irma

    CSX Corp.'s rail network took a beating from Hurricane Irma. It evacuated more than 1,500 railcars from Florida and held nearly 200 trains that were heading into the storm's path. The presentation was CSX's fifth since the STB, a federal regulatory agency, requested the railroad disclose metrics after it received numerous complaints from CSX customers in August.

  • Business
    American City Business Journals23 minutes ago

    Cyberattack disrupts FedEx for $300M; major Walgreens deal nearly done

    As expected, the June cyberattack on a FedEx Corp. subsidiary left its mark on earnings. Memphis-based FedEx Corp. reported its first quarter 2018 results, which showed a $300 million impact on operating income in the first quarter or $0.79 per diluted share. Another key point of discussion during the call: FedEx will have pickup and drop-off locations implemented across roughly 8,000 Walgreens locations by the end of October.