Federal Reserve officials who voted to lower interest rates three weeks ago agreed that the move shouldn’t be viewed as an indication that there is a “pre-set course” for future cuts, according to meeting minutes released Wednesday. The summary indicated that policymakers viewed the move as a “mid-cycle adjustment,” an expression Chairman Jerome Powell used
Finance
Check out the companies making headlines before the bell: Target – The retailer posted adjusted quarterly profit of $1.82 per share, 20 cents a share above estimates. Revenue also exceeded forecasts. Comparable-store sales were up 3.4%, above the 2.9% estimate of analysts surveyed by Refinitiv. Target also raised its full-year earnings outlook. Lowe’s – The
London’s Old Street roundabout, often dubbed “Silicon Roundabout.” Chris Ratcliffe | Bloomberg | Getty Images British technology start-ups have attracted more foreign investment since the start of the year than they did throughout all of 2018, according to fresh figures published Wednesday. U.S. and Asian venture capital investors poured $3.7 billion into U.K. tech companies
Traders work the floor of the Dow Jones at the closing bell of the New York Stock Exchange. Bryan R. Smith | AFP | Getty Images Check out the companies making headlines midday: Home Depot — Shares of Home Depot rose more than 4% on Tuesday after the company reported higher earnings per share than
Marvel Spider-Man signage is seen at the Sony Corp. PlayStation booth during the E3 Electronic Entertainment Expo in Los Angeles, California, U.S., on Tuesday, June 12, 2018. Troy Harvey | Bloomberg | Getty Images Sony’s gaming division announced late Monday that it will buy U.S. video game developer Insomniac Games. The acquisition follows a more