Philadelphia Federal Reserve President Patrick Harker on Thursday provided a strong endorsement to an interest rate cut on the way September. Speaking to CNBC from the Fed’s annual retreat in Jackson Hole, Wyoming, Harker gave the most direct statement yet from a central bank official that monetary policy easing is almost a certainty when officials…

The Russell 2000 may have a profitability problem. Though the small-cap index gained 10.1% in July, it’s dropped roughly 4% so far in August, as of Thursday morning. ALPS’ Paul Baiocchi chalks up the volatile moves to the index’s overall composition, with an estimate from Apollo Global showing 40% of those companies have negative earnings.…

Check out the companies making headlines in premarket trading. Crocs — The footwear stock ticked up more than 1% after an upgrade to buy from hold at Williams Trading. The investment firm said Crocs’ move to sign actress Sydney Sweeney as a spokesperson for its Heydude brand could help reverse negative sales trends. Agilent Technologies…

In this photo illustration, a WeRide logo of Chinese robotaxi firm is seen on a smartphone and a pc screen. Getty Images Self-driving technology company WeRide delayed its plan for an initial public offering in the U.S., citing its need for more time to complete documents. “Updating transaction documents is currently taking longer than expected,…

Mike Lynch, former chief executive officer at Hewlett-Packard Co.’s Autonomy unit, speaking at a conference on Thursday, April 25, 2013.  Bloomberg | Bloomberg | Getty Images LONDON — The body of British technology entrepreneur Mike Lynch, 59, has been retrieved from the wreckage of a yacht that sank off the coast of Sicily, a source…

Check out the companies making headlines in after-hours trading. Snowflake — Shares tumbled nearly 7% even after the software company beat quarterly expectations and slightly raised its full-year product revenue guidance. Snowflake reported fiscal second-quarter adjusted earnings of 18 cents per share, higher than the 16 cents per share expected by analysts surveyed by LSEG.…

Check out the companies making headlines in midday trading: Target — Shares of the retailer surged 12% on second-quarter results that surpassed Wall Street’s expectations. The company maintained its cautious outlook but said sales grew roughly 3%. JD.com — The U.S.-traded shares of the Chinese e-commerce company fell more than 5% after Walmart confirmed it…

Signage at JD.com’s warehouse in Shanghai, China, on Mar. 9, 2022. The U.S. Securities and Exchange Commission on Wednesday added over 80 firms to its list of entities facing possible expulsion from American exchanges, which include China’s JD.com, Pinduoduo, Bilibili, and NetEase. Qilai Shen | Bloomberg | Getty Images Shares of Chinese e-commerce giant JD.com…

Check out the companies making headlines after the bell : Toll Brothers — Shares added 1% after the homebuilding company surpassed Wall Street’s earnings expectations in the fiscal third quarter. Toll Brothers also lifted its full-year deliveries guidance. Microchip Technology — Shares of the microcontroller maker fell about 2%. The company disclosed in a regulatory…

Check out the companies making headlines in midday trading: Bank of America — The bank stock slid 2% after a regulatory filing revealed Warren Buffett’s Berkshire Hathaway is not done downsizing its stake. The conglomerate sold 13.9 million more shares of the bank for $550.7 million over the past three trading days, bringing its stake…