WASHINGTON, July 29 - U.S. labor costs rose steadily in the second quarter, pointing to still-moderate wage inflation, which could see the Federal Reserve keeping interest rates unchanged for a while.
second-quarter EPS of 1.78 was way ahead of the Zacks Consensus Estimate of $1.14. The North America and AWS segments were strong contributors to profits while investments in international continued.
NextEra Energy Inc. agreed to buy Energy Future Holdings Corp.'s Oncor Electric Delivery Co. LLC, adding the largest electric transmission operator in Texas in a deal valued at about $18.4 billion.
After more than three years of pumping out wave after wave of cheap money that's failed to secure its inflation target, the Bank of Japan has signaled a rethink.
The number of Americans who filed for unemployment benefits last week rose from a three-month low, consistent with the Federal Reserve's view of a stronger job market.