The Federal Reserve is trying to balance the outlook for jobs and inflation as it considers a rate increase. China’s market turmoil could weigh on its deliberations.
Both Twitter and Yelp were priced for hypergrowth that now looks less certain.
Stocks extended gains Wednesday after the Federal Reserve offered few clues on when it plans to raise interest rates for the first time in nearly a decade.
The Federal Reserve kept rates near zero but cited progress in the U.S. job market, a sign it remains on course to raise interest rates in September or later this year.
A.G. Lafley’s return to Procter & Gamble didn’t revive its fortunes as hoped.
Carlyle Group on Wednesday said its second-quarter profit rose 55%, as it continued to sell stakes in the companies it owns. But it saw a decline in another key profitability measure.
Northrop Grumman and General Dynamics reported better-than-expected quarterly results and raised full-year guidance, driven by aerospace segments.
The growing money and fame in videogame tournaments over the past several years has hatched a field of coaches and other professionals who want in.
GlaxoSmithKline reported a 6% rise in second-quarter revenue and said it is on course for a return to earnings growth next year as it highlighted its midstage clinical pipeline.
UBS has confirmed a Justice Department criminal probe of an unnamed former employee in Puerto Rico, and disclosed a pair of related investigations by other regulators, adding new twists to the Swiss bank’s legal drama in the commonwealth.