CEO Outlook Improves Modestly For Rest Of Year
Chief executives of large companies show cautious optimism about the economy in the Business Roundtable survey. More expect to raise capital spending and fewer foresee layoffs, but they cut their 2016 real GDP growth forecast.
MENTIONED IN THIS ARTICLE
Business Roundtable
Walmart to cut back office jobs at about 500 stores
Walmart plans to cut accounting and invoicing roles at roughly 500 stores mainly on the West Coast to shift bookkeeping to the Bentonville Arkansas home office. Store cash is to be counted by machines and affected workers are to be offered in store customer service roles, possibly with lower pay.
MENTIONED IN THIS ARTICLE
GETTY
Walmart
West Coast
Mark Ibbotson
Wall Street Journal
Bentonville
Ark
Fed signals slower rate hikes after meeting leave rates unchanged
The Federal Reserve maintained its benchmark rate at 0.4 percent and signaled a gradual path of future increases. Dow, S&P, and Nasdaq fell as investors priced in fewer hikes, weaker growth projections for 2016 and a cautious stance ahead of the Brexit vote.
MENTIONED IN THIS ARTICLE
Federal Reserve
Wall Street
Fed
U.S
Standard & Poor
Central Bank
Great Britain
Janet Yellen
Chris Gaffney
EverBank World Markets
USA Today
Gaffney
Yellen
European Union
Profit outlook darkens as S&P 500 earnings forecasts fall
Analysts warn of a coming profit recession with S&P 500 earnings down 4.7 percent in Q2 from USA TODAY and S&P Global Market Intelligence data. Cuts span 239 of 500 firms, with 30 firms seeing 30 percent or more reductions. Haliburton and Mattel show notable downgrades while energy stocks rally on higher oil prices.
MENTIONED IN THIS ARTICLE
Standard & Poor
S&p
S&p 500
USA Today
S&p Global
U.S
United Kingdom
European Union
Federal Reserve
Halliburton
Mattel
Linda Rolston Weiser
B. Riley
Also Mentioned on This Page
Moneyline
DOW Jones Industrial
Marketwatch.com
USA
Usatoday
Bankrate.com
Jae Yang
Veronica Bravo
Spencer Platt
Getty Images
Asia
Europe
New York Stock Exchange
Sonny Randhawa
D.A. Davidson
Randhawa
S&p Global Market Intelligence
Frank Pompa