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Nightly Business Report for wednesday, may 7th. Going, everyone, and welcome. Federal reserve chair janet yellen went to capitol hill today. She told Congress Joint Economic committee that the u. S. Economy is turning up after a winter of virtual standstill. But she pointed to several areas that bear watching, among them, housing. Steve liesman has our report. Reporter fed chair Janet Yellens testimony before Congress Joint Economic committee today blamed the first quarters economic weakness solidly on the harsh Winter Weather saying she already sees a rebound in spending and production in the first month of the spring. And that leads her to be optimistic about growth this year. Looking ahead, ....
And what can and should be done about it . All that on thursday may 22 for nightly business report. Good evening, everyone, a big surprise from hewlettpackard today. But not a pleasant one. It accidentally released its Second Quarter earnings about an hour early while the markets were still open. The report was scheduled to come out after the closing bell. Well, investors were puzzled by the change, disappointed in the results and it didnt help the shares either. The worlds biggest computer maker continues to struggle to stay relevant in the world of mobile devices and cloud storage, it is no wonder they announced more job cuts for a total of 50,000 employees getting the axe. For the earnings, 88 cents a share in line with analysts estimates, revenue continued to decline and then and thenarrowl forecasts, shares fell slightly in late trading after sliding 2 and a half percent during todays session. Now, more on hewlettpackards res ....
Nightly Business Report for wednesday, may 7th. Going, everyone, and welcome. Federal reserve chair janet yellen went to capitol hill today. She told Congress Joint Economic committee that the u. S. Economy is turning up after a winter of virtual standstill. But she pointed to several areas that bear watching, among them, housing. Steve liesman has our report. Reporter fed chair Janet Yellens testimony before Congress Joint Economic committee today blamed the first quarters economic weakness solidly on the harsh Winter Weather saying she already sees a rebound in spending and production in the first month of the spring. And that leads her to be optimistic about growth this year. Looking ahead, ....
Why are some drug prices so high and what can and should be done about it . All that on thursday may 22 for nightly business report. Good evening, everyone, a big surprise from hewlettpackard today. But not a pleasant one. It accidentally released its Second Quarter earnings about an hour early while the markets were still open. The report was scheduled to come out after the closing bell. Well, investors were puzzled by the change, disappointed in the results and it didnt help the shares either. The worlds biggest computer maker continues to struggle to stay relevant in the world of mobile devices and cloud storage, it is no wonder they announced more job cuts for a total of 50,000 employees getting the axe. For the earnings, 88 cents a share in line with analysts estimates, revenue continued to decline and then and thenarrowl forecasts, shares fell slightly in late trading after sliding 2 and a half percent during todays session. ....
Plus: Home sales strong; Texas company seeks to relieve overcrowded Minnesota hospitals; a weather update; state officials and judges recommended for raises; and more. ....