Loretta Mester at Jackson Hole, August 25, 2017. Jodi Gralnick | CNBC Cleveland Federal Reserve President Loretta Mester believes that if the U.S. economy continues to grow at its current pace, she’s unlikely to support further reductions to interest rates. “At this point, if the economy continues where it is, I would probably say we should
Finance
Kuni Takahashi | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Gap slid as much as 7% before settling around 1% lower in extended trading after the retailer posted second-quarter sales that missed estimates. The company reported adjusted earnings per share of 63 cents on revenue of $4.01
Robert Kaplan at Jackson Hole, Wyoming David A. Grogan | CNBC Dallas Fed President Robert Kaplan would like to avoid additional stimulus but is keeping an “open mind.” “I’d like to avoid having to take further action but I think I’m going to have an open mind about taking action over the next number of
Check out the companies making headlines before the bell: Dick’s Sporting Goods – The sporting goods retailer earned $1.26 per share for the second quarter, 5 cents a share above estimates. Revenue also beat forecasts. Comparable-store sales rose 3.2%, compared to a consensus forecast of 1% from analysts surveyed by Refinitiv. Dick’s also raised its
A Nordstrom store in Irvine, California Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shares of Nordstrom surged 11% in extended trading after the retailer posted a strong profit despite weakening second-quarter sales. The company reported adjusted earnings per share of 90 cents on revenue of $3.87 billion. Analysts had expected