U.S. stock futures were lower in early trading, after Wednesday's earlier losses turned into strong gains on indications from the Fed that an interest rate hike could come later rather than sooner. (CNBC) |
Many economists had expected the Fed to move in June, while more had expected September. But now, the fed funds futures suggest the odds of a first hike in October have increased. (CNBC) |
The dollar resumed its rise against the euro this morning, with parity moving ever closer. The U.S. currency dropped sharply Wednesday on the dovish Fed comments. (Reuters) |
Oil surged into the New York settle Wednesday, but prices turned sharply lower again this morning after the latest read on U.S. crude inventories soared. Meanwhile, an OPEC minister said the group has no choice on production. (CNBC) |
Investors are watching to see whether Apple (AAPL) impacts trading on theDow Jones industrial average today. The stock was included in the Dow 30after Wednesday's close, replacing AT&T (T). (CNBC) |
Target (TGT) has agreed to pay $10 million in a proposed settlement of a class-action lawsuit related to the massive 2013 data breach. Separately, the retailer plans to increase worker pay to at least $9 an hour. (Reuters & NY Times) |
With April 15 only weeks away, nearly half of all Americans don't know they're required this year to declare on their tax returns if they have health insurance, a survey released today reveals. (CNBC) |
Streaming music services such as Spotify have eclipsed CD sales, and are closing in on digital downloads as the largest source of revenue in the U.S., the music industry's biggest market. (FT) |