Newspaper article Charleston Gazette Mail

Markets

Newspaper article Charleston Gazette Mail

Markets

Article excerpt

Today

Lackers outlook Federal Reserve Bank of Richmond president Jeffrey Lacker discusses the U.S.s economic outlook at a conference sponsored by West Virginia Universitys college of business and economics. The U.S. economy will be a key focus in markets this week. A raft of economic data culminates with the monthly jobs report in the U.S. on Friday, a release that could go a long way to determining whether the Federal Reserve will raise interest rates again this year.

Eye on Darden Higher prices and a more favorable menu mix at Olive Garden have helped lift results for owner Darden Restaurants. The company, which is scheduled to serve up fiscal first-quarter earnings today, has been trying to revitalize the Italian restaurant chain's image. It has been pursuing options like tabletop ordering tablets and online ordering that offer customers convenience and help improve restaurant efficiency. Wall Street anticipates Dardens earnings and revenue improved from a year earlier.

In the red? Its been a rough year for Micron Technology. The Boise, Idaho-based chipmaker posted lower earnings in the first quarter of the companys fiscal year. Then it slid to a loss in the second and third quarters. How did Micron Technology close out its current fiscal year? Wall Street projects that the company will report today a loss for its fiscal fourth quarter that ended in August.

Ford vs. trump The Mexico debate When Donald Trump criticized Ford during last weeks debate for moving jobs to Mexico, the automaker replied with unusual swiftness. Ford posted on Twitter that it has created almost 28,000 U.S. jobs in five years and employs more U.S. hourly workers than any automaker. It also tweeted that no U.S. jobs would be lost as it shifts production of the Focus and C-Max compact cars from suburban Detroit to a new Mexican plant. …

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