Executive News Editor, CNBC
CNBC Executive News Editor, responsible for news coverage of the markets and economy.
cnbc.com — Traders said the activity underscored the fact that there are very varied views on when the Fed would start to lighten up on its asset buying, a first step in what promises to be a long process of unwind.
cnbc.com — Hewlett-Packard reported fiscal second-quarter earnings excluding items of 87 cents per share, beating forecasts by 6 cents. But revenue came in at $27.58 billion, missing Street forecasts. For the fiscal third quarter, HP said it expects earnings of 84 to 87 cents a share vs. expectations of 83 cents a share.
cnbc.com — Take a look at some of Wednesday's midday movers: Stock pared gains before rebounding somewhat during Fed chairman Ben Bernanke's Congressional testimony about the economy and monetary policy. At issue is the timing of any potential Fed tapering of existing monetary stimulus programs. Nine of the ten large-cap S&P 500 sectors remain in the green.
cnbc.com — Stocks and bonds swung higher, then lower, then higher again in volatile trading as Ben Bernanke discussed how the Fed might wind down its easing policy. Stocks and bonds rallied hard Wednesday on the Fed chairman's initial testimony before Congress, which the markets took as a sign that "tapering" of the Fed's $85 billion a month bond purchase program was off the table for now.
cnbc.com — 1) Some strange retail earnings numbers this morning: Lowe's was a surprising miss on the bottom line. Revenues of $13.1 billion not only missed consensus, but they were 0.5 percent below the same period last year. Huh? What happened to the housing/home improvement recovery? Exterior products (gardening, paint, etc.)
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