US equity futures dropped, extending the recent selloff into its fifth day, as traders stayed guarded ahead of the Federal Reserve’s gathering at Jackson Hole. As of 8:00am, S&P 500 futures fell 0.2%, while Nasdaq 100 futures were flat after a two-day selloff that erased 2% off the index. In premarket trading, Nvidia rose 0.8% […]

Ahead of the Jackson Hole central bank summit in Wyoming, beginning later today through Saturday, investors are parsing Walmart’s earnings.  The world’s largest retailer delivered stronger-than-expected revenue last quarter and raised its full-year outlook. This is a reassuring sign that consumers remain resilient despite inflation, tariffs, and elevated interest rates. However, the real focus is not […]

Coty shares crashed in premarket trading after the beauty giant warned of a deeper sales slump this quarter and posted a steeper-than-expected loss for the fourth quarter. The beauty company, which develops, manufactures, markets, and distributes cosmetics, fragrances, and skincare products, warned that like-for-like sales, which measure revenue from existing business units, will fall between 6% and 8% […]

Authored by Naveen Athrappully via The Epoch Times, Potential candidate interviews for the post of the new Federal Reserve chairman will be happening soon, Treasury Secretary Scott Bessent said in an Aug. 19 interview with CNBC. “In terms of the interview process, we’ve announced 11 very strong candidates,“ Bessent said, without providing any more details […]

Does cutting government headcount make it work more effectively? From firing inspectors-general, to mass layoffs in the Department of Education, the federal workforce is being scaled back. So far, the Supreme Court has ruled in favor of 12 of these terminations, while scores of workers are leaving voluntarily. This graphic, via Visual Capitalist’s Dorothy Neufeld, […]