Trading remains cautious ahead of the Fed's interest rate decision today, despite a virtual certainty among investors that policy makers will cut rates by 25 basis points.
, a powerful Category 3 storm that caused authorities on the British Atlantic island to order early closings of schools, transportation and government offices today. Officials warn hurricane-force gusts will likely last until early tomorrow. Adobe beat Wall Street estimates with adjusted quarterly profit and revenue. However, Adobe gave a lower than expected current quarter revenue forecast, due to slower than anticipated growth in its Marketo marketing software unit.
Chewy lost 10 cents per share for its latest quarter, 1 cent less than anticipated, while the pet products seller saw revenue modestly above forecasts. Chewy also gave current quarter revenue guidance that exceeds analyst forecasts. Enbridge won a legal challenge when the Minnesota Supreme Court declined to hear challenges to the pipeline operator's delayed "Line 3" oil pipeline project. The Minnesota Public Utilities Commission had approved the project last year.
American Eagle Outfitters was rated "buy" in new coverage at D.A. Davidson, which called the apparel retailer an innovative competitor with "on-point" messaging to its customers. Whirlpool was downgraded to "sector weight" from "overweight" at KeyBanc, which cited weakening earnings momentum for the appliance maker.in Beijing. The choice of the iconic animal, considered the national treasure, was not a surprise to people in China. The giant panda was one of the five mascots for the 2008 Beijing Summer Olympics, and it also was the symbol for the Asian Games in Beijing in 1990.
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