Company bullish on Q4 sales of premium sport-utility vehicles
Shares of Campbell Soup Co. are down 0.3% in premarket trades Thursday after the soups and foods company swung to a fourth-quarter loss but delivered stronger-than-expected sales outlook.
A new research paper from a regional Fed bank suggests the U.S. central bank should return to a shorter-duration portfolio that was common before the global financial crisis.
The cost of gasoline at the pump has been falling ahead of the traditional end to the summer driving season. Analysts warn that drivers still can’t rule out the risk of a spike, even as demand typically starts to drop off at this time of year.
Initial jobless claims fell by 2,000 to 231,000 in the week ended August 24, the Labor Department said Thursday.
A William Blair analyst likes Tesla’s energy-storage offerings and thinks that business could get more attention while EV expectations are more muted.
July trade imbalance up 6.3% to $102.7 billion
Brown-Forman Corp., parent to alcohol brands including Jack Daniel’s, posted weaker-than-expected fiscal first-quarter earnings on Thursday, as the consumer continues to be picky about spending.
