How Would The Federal Reserve Fight 'Stagflation?'
The Federal Reserve has a playbook for fighting inflation, and another for boosting the economy when unemployment is rising. But what would the central bank do if both happen at the same time?
US Poised to Extend Chevron Venezuela Oil Deadline
(Bloomberg) -- The Trump administration is poised to extend Chevron Corp.’s deadline to halt its Venezuela operations for at least another 30 days, following lobbying efforts by the Texas-based oil giant, people familiar with the matter said.Most Read from BloombergNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackLA Faces $1 Billion Budget Hole, Warns of Tho
FedEx cuts full-year results forecast on 'uncertainty' in economy, bad weather
(Reuters) -FedEx Corp lowered its full-year profit and revenue forecasts on Thursday, as the parcel delivery firm battles stubbornly soft demand and uncertainty in the U.S. industrial economy as President Donald Trump imposes tariffs on trading partners. "Our revised earnings outlook reflects continued weakness and uncertainty in the U.S. industrial economy, which is constraining demand for our business-to-business services," Chief Financial Officer John Dietrich said in a statement. FedEx shares fell 5.3% to $232.29 in after-hours trade, while rival United Parcel Service stock shed 1.1%.
Why Booz Allen Hamilton (BAH) Stock Is Down Today
Shares of government consulting firm Booz Allen Hamilton (NYSE:BAH) fell 8.3% in the afternoon session as stocks of consulting firms fell after Defense Secretary Pete Hegseth announced that the government would cancel some consulting contracts.
Why IBM (IBM) Stock Is Trading Lower Today
Shares of technology and consulting giant IBM (NYSE:IBM) fell 6% in the morning session as consulting stocks fell after Defense Secretary Pete Hegseth announced that the government would cancel some consulting contracts.
Why Gartner (IT) Stock Is Nosediving
Shares of research and advisory firm Gartner (NYSE:IT) fell 8% in the afternoon session after Defense Secretary Pete Hegseth announced that the government would cancel some consulting contracts, including those with Gartner. Also, another consulting firm, Accenture, reported its Q4 2024 (fiscal Q2 2025) financial results and raised concerns about weaker sales in the fed vertical. Accenture CEO Julie Spellman Sweet noted that the new administration is focused on improving government efficiency, l
Stock market today: Dow, S&P 500, Nasdaq fall after Fed-fueled rally stalls
US stock futures rose as investors digested reassuring signals from Federal Reserve Chair Jerome Powell after the central bank held interest rates steady on Wednesday.
US Bonds Rise as a Cloudy Economic Path Backs Bets on Fed Cuts
(Bloomberg) -- US Treasuries consolidated gains in a choppy trading session with markets remaining confident that policymakers at the Federal Reserve are still on a path toward lower interest rates.Most Read from BloombergNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoAmtrak CEO Departs Amid Threats of a Transit Funding PullbackDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsNYC Plans for Flood Protect
Jabil Stock Jumps on Strong Earnings, Outlook
Jabil shares surged Thursday after the circuit board maker reported better-than-expected fiscal second-quarter results and issued an upbeat outlook.
Oil Advances as US Ramps Up Sanctions Against Iranian Crude
(Bloomberg) -- Oil advanced after the US ramped up measures to hobble Iran’s crude exports, increasing pressure on Tehran amid a push for a new nuclear accord. Most Read from BloombergNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoAmtrak CEO Departs Amid Threats of a Transit Funding PullbackDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsNYC Plans for Flood Protection Without Federal FundsWest Texas In