Earns Whole Foods
In this Thursday, March 27, 2014 photo, a woman walks out of the Whole Foods Market in Woodmere, Ohio. Whole Foods missed earnings estimates and reported soft sales growth in its fiscal third quarter today, as it struggles to compete against the proliferation of natural and organic offerings available at other grocers.
(Tony Dejak, Associated Press)
Stock market news:
Stocks rose today after the Federal Reserve kept its benchmark interest rate at near zero percent and gave no fresh clues on the timing of a long-awaited rate hike. The Dow Jones Industrial Average rose 121.12 points to 17,751.39, the tech-rich Nasdaq Composite Index advanced 22.53 points to 5,111.73 and the broad-based S&P 500 gained 15.32 points to 2,108.57. (AFP News)
European stocks closed higher today, helped by upbeat earnings from companies like PSA Peugeot Citroen, with investors also waiting to hear what the Federal Reserve may signal about interest rates. (MarketWatch)
Oil settled higher today, recovering from multi-month lows, after U.S. government data showed a surprisingly large crude stockpile draw that signaled the market may have been wrong in predicting slumping demand for energy. (Reuters)
Business news:
Whole Foods missed earnings estimates and reported soft sales growth in its fiscal third quarter today, as it struggles to compete against the proliferation of natural and organic offerings available at other grocers. (Forbes)
The same group of China-backed hackers who attacked the U.S. Office of Personnel Management and Anthem may also have breached United Airlines around the same time. (USA Today)
Skechers ran over Wall Street's second-quarter forecasts as per-share earnings skyrocketed 128 percent to $1.55 a share and revenue climbed 36 percent to $800.5 million. (Investor's Business Daily)
U.S. House of Representatives Speaker John Boehner today expressed for the first time his support for repealing the 40-year-old ban on domestic crude oil exports, a move that could breathe new life into a bill in his chamber. (Reuters)
Contracts to buy previously owned U.S. houses unexpectedly fell in June after five straight months of increase, suggesting some cooling in home resales activity after recent hefty gains. (Reuters)
Tesla announced today it's rolling out a referral program through Oct. 31 that's designed to boost sales through word of mouth. (The Verge)
Wynn Resorts, the operator of casinos in Macau and Las Vegas, reported a 72 percent drop in second-quarter profit, the result of less betting in both markets. (Bloomberg News)
Technology news:
Facebook reported quarterly results today that topped analyst estimates on nearly every metric. (CNBC News)
Yahoo today unveiled a new video texting app, called Livetext, which the company hopes can revive its relevance for smartphone users. The twist for this service is the videos don't have sound. (CNET News)
Nintendo sold its 10 millionth Wii U during its fiscal first quarter ended June 30, nearly three years after the console hit store shelves, the company reported today in an earnings release. (CNET News)
Russian hackers have figured out a way to use Twitter to communicate with malware that's infected target computers, allowing them to cover their tracks while making their way into confidential government computer systems. (Fortune)