News of the Day

  • TJX Second-Quarter Earnings Soar

    TJX Cos. said second-quarter earnings rose 7.9% as the retailer benefited from higher sales and increased customer traffic.The results outpaced expectations, leading the company to raise its outlook for the full year.

  • Dick's Sporting Goods Profit Falls 17% on Higher Costs, Restructuring Charge

    Dick's Sporting Goods Inc., which cut hundreds of jobs in its golf division last month, said second-quarter profit fell 17% as results were hurt by higher costs and a restructuring charge.

  • Grand Central: Fed’s Exit Strategy Quietly Taking Shape As September Meeting Approaches

    Federal Reserve officials have been making progress on developing a blueprint for the mechanics of future interest rate increases, a project that has occupied much of the agenda of their past three policy meetings. This puts officials in a position to make some decisions on “how” they will raise interest rates– as opposed “when”– by their September meeting.

  • The three types of unemployment

    During the recent downturn, the unemployment rate in America jumped from 4.4% to 10%. Economic growth has since pepped up. But unemployment is nowhere near pre-crisis lows: America’s rate, at 6.2%, is still 40% higher than late 2006. Economists are raising the spectre of “structural” unemployment to explain this puzzle. What is it?

  • Home building heats up as starts surge 15.7%

    Home building took off in July as builders broke ground on new homes at their fastest pace of the year.Housing starts rose 15.7% from June to a seasonally adjusted annual rate of 1.1 million, the Census Bureau said Tuesday

  • Home Depot earnings jump, beat estimates

    Shares of Home Depot jumped 4% Tuesday after reporting that sales and net income rose in the second quarter, beating Wall Street estimates.The home improvement retailer also raised its earnings guidance for the year.

  • United Rentals Larger Than S&P 500 Component Textron

    In the latest look at stocks ordered by largest market capitalization, Russell 3000 component United Rentals, Inc. (NYSE: URI) was identified as having a larger market cap than the smaller end of the S&P 500, for example Textron Inc. (NYSE: TXT), according to The Online Investor.

  • Google: The $400 Billion Epistle Ten Years After IPO, Its Founders' Letter Endures

    Google's prospectus used to sell shares to public investors conveys clarity of purpose that many companies only grope toward. Plainly and with examples, it manages to infuse a great capitalistic undertaking with a higher calling.

  • $400M Expansion & End Of Lottery For California Film & TV Tax Credit Program Passes Final Committee

    The state Senate Appropriations committee has just unanimously passed an expansion of California’s $100 million Film and TV Tax Credit Program to $400 million. The expansion will also or sure see the end of the current lottery system that determines who gets the incentives.

  • Elizabeth Arden Loss Widens as Celebrity Fragrances Slump

    Elizabeth Arden Inc. said its fiscal-fourth quarter loss widened sharply as a larger-than-expected drop in celebrity-fragrances sales pushed down revenue.The company's loss for the quarter and its decline in sales were significantly larger than Wall Street expectations, pushing shares down sharply.

  • 'Burglar' Alleges Items Stolen From America's Largest Closet Are Fakes

    There's a new, hilarious twist in the "million dollar" burglary of Theresa Roemer's infamous three-story closet: the jewels and designer handbags that were stolen were all fakes. This is according to the alleged thief, who recently reached out to the media.

Payne's Pros

  • Matt McCall

    Matt McCall is the president of Penn Financial Group (PFG), an investment advisory firm offering personalized portfolio management. He is also the editor of several newsletters including The ETF Bulletin, which publishes two real-time portfolios based on PFG's proprietary top-down approach to investing.

    Tweet @MatthewMcCall

  • Hitha Prabhakar

    Hitha Prabhakar is a New York-based author, investigative reporter and retail analyst. She is the author of "Black Market Billions: How Organized Retail Crime Funds Terrorists" published by FT Press. She was a correspondent for Bloomberg Television covering retail and consumer spending.

    Tweet @HithaPrabhakar

  • Kate Rogers

    Kate Rogers is a reporter with Fox Business Network. Along with personal finance and small business stories, Kate has extensively covered the effects of ObamaCare on the healthcare industry, companies and consumers.

    Tweet @KateRogersNews

  • Tracy Byrnes

    Tracy Byrnes joined FOX Business Network (FBN) in October 2007 as a reporter. Since September 2005, Byrnes has been a recurring guest on FOX News Channel (FNC), appearing on "Cashin' In," "Bulls & Bears," and "Your World with Neil Cavuto."

    Tweet @tracybyrnes