Newspaper article Charleston Gazette Mail

Markets

Newspaper article Charleston Gazette Mail

Markets

Article excerpt

Today

Fed focus The minutes from a meeting of Federal Reserve officials may offer hints on the timing of the next Fed rate hike. At a two- day meeting last month, the central banks policymakers decided against raising the Feds key short-term interest rate, but signaled that they would likely raise rates before years end. The Fed issues the minutes from its policymakers September meeting today.

Freight fallout CSX delivers its latest quarterly snapshot today. A slowdown in freight volume has weighed on the railroad operators earnings this year. In response, the company has raised some of its rates and slashed expenses. Still, CSX posted lower earnings and revenue for the first two quarters of this year. Financial analysts expect more of the same from CSXs third-quarter results.

Eye on jobs A new Labor Department survey of job openings should provide insight into the health of the U.S. labor market. The August Job Openings and Labor Turnover survey, or JOLTS, is due out today. The survey provides figures for overall hiring, as well as the number of quits and layoffs. Job openings jumped 4 percent to 5.9 million in July, slightly above the previous peak reached in April.

Remaking BlackBerry BlackBerry is a step closer to hanging up its handset and transforming into a software and security company. The beleaguered Canadian company recently said it would outsource the manufacturing of its smartphones to focus on potentially more profitable businesses such as software. Analysts have long speculated that BlackBerry will ultimately put an end to its money- losing hardware business. Meanwhile, its looked to acquisitions to boost its security software offerings; for instance, it bought mobile security provider Good Technology late last year for $425 million. CEO John Chen says the company has reached a turning point in its transformation and is starting to reap the benefits of those deals. …

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