Finance
Deere Reports $1.379 Billion Third-Quarter Profit, Raises Low End of Fiscal-2026 Guidance to $4.75 Billion
The company said construction sales and tariff refunds lifted results, kept the top of its profit range unchanged, and repeated that 2026 marks the bottom of the farm equipment cycle.
Ross Stores Reports Q2 Sales Up 13%, Raises Full-Year EPS Outlook to $8.61-$8.77; Quarter Includes $253 Million IEEPA Tariff Refund
The off-price retailer said comparable store sales rose 10% in the quarter ended August 1, 2026, and that about $0.60 per share of its results came from refunded tariffs the Supreme Court invalidated in February.
Moderna and Merck Say mRNA Melanoma Therapy Met Phase 3 Endpoints; Moderna Stock Closes Up 177%
The companies reported topline results from a 1,137-patient trial without releasing the size of the benefit, and Moderna's shares closed at $174.38 on August 19, 2026.
TJX, Target and Lowe's Report Second-Quarter Results; Target Stock Rose 4.3% While TJX and Lowe's Fell
All three chains beat or met profit estimates for the quarter ended in early August 2026, and Target booked a $994 million refund of tariffs the Supreme Court struck down, but only Target's shares rose on the day.
Santander Completes Acquisition of Webster Financial, Valued at $12.3 Billion When Announced in February
The Spanish bank closed the cash-and-stock deal on August 20 after clearances from the OCC, the European Central Bank and the Federal Reserve, and issued about €3.56 billion in new shares to help pay for it.
Treasury Doubles Long-Bond Buyback Operations to at Least $4 Billion Each, Starting Sept. 9
The Treasury said it will raise the maximum size and the number of its 10- to 30-year debt repurchases through Nov. 4, a day after the 30-year yield reached its highest level since 2007.
Fed Releases Minutes of July 28-29 Meeting, Where It Held Rates at 3.50-3.75% on a 9-3 Vote
Three regional Fed bank presidents voted to raise rates a quarter point in July; the minutes arrive after jobs and inflation data that traders read as lowering the odds of a September increase.
Trump Pauses 50% Tariffs on About $20 Billion of Canadian Goods Until Aug. 21, Says a Deal Is Reached
Trump announced the three-day pause about 90 minutes before the tariffs were due to start, saying the two countries "have a DEAL"; Prime Minister Mark Carney said only that "substantial progress" had been made and that important work remained.
Dollar Index Falls Near 99.4 as Traders Cut Odds of a September Fed Rate Hike to About 31%
Weak July jobs and retail sales data and in-line inflation led futures markets to price a Fed hold on Sept. 15-16, pushing the dollar to its lowest level since June 2026 and lifting emerging-market currencies.
Home Depot Reports 1.7% Comparable-Sales Growth in Q2, Reaffirms Full-Year Guidance
The retailer's first results since CEO Ted Decker began a temporary medical leave beat analyst estimates on sales and earnings, while the CFO described U.S. housing conditions as "frozen."
Gold Trades Above $4,400 an Ounce, Still Below Its January Record, as Weak July Jobs Data Cuts September Fed Rate-Hike Odds
Spot gold has climbed back above $4,400 after a July payrolls report showed U.S. job losses, lowering market odds of a Federal Reserve rate increase, while central banks bought a record amount of gold in the second quarter.