The U.S. economy isn't moving at warp speed, but it looks like it will be strong enough to handle an expected interest rate increase later this year.
Stocks cut early losses Thursday, with the Nasdaq climbing and the Dow and S&P 500 finishing flat as investors digested a batch of mixed corporate earnings and a report of slightly lower than expected but decent economic growth.
Whole Foods Market Inc. may not have as much time as it hopes to repair its image, because the natural-foods grocer's stock has reached the edge of a technical cliff, that warns of a potentially massive selloff.
A company spokesperson told us no worms have been found at the half dozen system test sites, but as a precaution the entire system has been flushed, chlorinated and a boil water notice in now in place.
WASHINGTON The U.S. Federal Reserve will not need to see balanced risks to the economy to proceed with an interest rate hike in September, according to former Fed officials and a review of central bank statements through recent turns in policy.