Financial markets went into a tailspin Thursday after Argentina defaulted on its debt, raising fears among skittish investors already fretting over weak corporate earnings growth, rising interest rates and an aging bull market.
World Wrestling Entertainment Inc. (WWE:US) jumped the most in almost five months after posting second-quarter results that beat analysts' estimates and saying it would cut jobs.
Newly appointed Target CEO Brian Cornell has a strong reputation and proven track record of success. He comes to the troubled retailer with experience in both retail and consumer products, most recently serving as CEO of PepsiCo Americas Foods.
The $30 billion banks collect in overdraft fees each year may shrink as the U.S. Consumer Financial Protection Bureau imposes rules aimed at shielding customers from harm.
... * Investors fret over Argentina default fallout. * Exxon, Whole Foods both fall after results. * Jobless claims rise more than expected in latest week.