A new musical written by Anna Deavere Smith and featuring music from the Ella Fitzgerald songbook is currently in development. Ella: An American Miracle will receive an Aug. 25-Sept. 21 work session, with Tony-winner Dee Dee Bridgewater and Charity Angél Dawson portraying the iconic singer at different points in her […]

Following the pullback seen during trading on Wednesday, stocks showed a lack of direction throughout the session on Thursday. The major averages spent most of the day bouncing back and forth across the unchanged line. The major averages eventually ended the session modestly higher. The Dow inched up 18.72 points […]

After reporting contractions in Philadelphia-area manufacturing activity in the two previous months, the Federal Reserve Bank of Philadelphia released a report on Thursday showing regional manufacturing activity unexpectedly returned to growth in the month of August. The Philly Fed said its diffusion index for current activity jumped to a positive […]

The Weekly Jobless Claims, Philadelphia-area manufacturing activity, and Existing Home Sales are the major economic announcements on Thursday. Cisco Systems will report its quarterly earnings after the close of trading today. The U.S. gas prices are surging and have touched a 14-year high. Early signs from the U.S. Futures Index […]

The Federal Reserve released the minutes of its July monetary policy meeting on Wednesday, reaffirming the central bank’s plans to continue raising interest rates in an effort to return inflation to its 2 percent objective. The Fed did not provide specific guidance regarding the pace of future rate hikes, noting […]

Next off the blocks is the locally assembled CKD unit of the all-electric sedan EQS 580 next month, followed by a seven-seater electric SUV, EQB, by November, reports Rajesh Karkera/Rediff.com. Mercedes launched its first all-electric performance luxury sedan, the AMG EQS 53 4MATIC, in Mumbai on Wednesday. This was the […]

The biggest risk to India’s growth outlook is an escalation of geopolitical tensions, especially if these tensions spread to the Asian region, RBI Monetary Policy Committee (MPC) member Jayanth R Varma said on Wednesday. Varma, in an interview to PTI, said that inflation and inflationary expectations appear to be moderating […]

Hospira, Inc., a Pfizer co., is recalling one lot of Propofol Injectable Emulsion (containing benzyl alcohol), due to the potential presence of visible particulates, the U.S. Food and Drug Administration said. The recall involves Propofol Injectable Emulsion100mL Single Patient Use Glass Fliptop Vial with lot EA7470, to the user level. […]

Asian stocks were mostly higher on Wednesday, though the upside remained capped ahead of the release of minutes of the U.S. Federal Reserve’s latest policy meeting later in the day. The dollar index took a breather and gold traded flat, while oil edged up slightly to recover from six-month lows […]

While the Dow extended a recent upward trend during trading on Tuesday, closing higher for the fifth straight session, the tech-heavy Nasdaq and the S&P 500 fluctuated over the course of the trading day. The major averages eventually ended the session mixed, with the Dow and the S&P 500 reaching […]