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>> PHILADELPHIA Latest News

2 HOURS AGO - MarketWatch

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LinkedIn, Expedia earnings reaction spurs tech gains

SAN FRANCISCO (MarketWatch) -- Tech stocks started August on an upbeat note Friday, with notable gains from LinkedIn Corp. and Expedia Inc. following upbeat reaction to those companies' earnings results. While Expedia and LinkedIn were on the rise, GoPro Inc. shares fell 7% following the digital-camera company's first report as a public company. The tech-heavy Nasdaq Composite Index rose 6 ...

Tags: LinkedIn, Expedia earnings reaction spurs tech gains,  Philadelphia Latest News

2 HOURS AGO - MarketWatch

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The Fed: Disagreement surfaces among Fed hawks on when to tighten

Dallas Fed President Richard Fisher said central bank closer to hiking rates, but Philadelphia Fed President Charles Plosser said it was not enough

Tags: The Fed: Disagreement surfaces among Fed hawks on when to tighten,  Philadelphia Latest News

3 HOURS AGO - Zero Hedge

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Philly Fed's Plosser Explains Why He Dissented With The FOMC

In an unscheduled release moments ago the Fed's Plosser just explained why he was the sole dissenter with the FOMC's announcement. Here is the punchline: "I cast a dissenting vote because I opposed retaining the statement language that reads "…it likely will be appropriate to maintain the current target range for the federal funds rate for a considerable time after ...

Tags: Philly Fed's Plosser Explains Why He Dissented With The FOMC,  Philadelphia Latest News

3 HOURS AGO - Business Insider

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FED'S PLOSSER: Here's Why I Dissented

On Wednesday, the Federal Open Market Committee released its latest policy statement, saying, as expected, that it would reduce its monthly bond purchases to $25 billion. But as the New York Times' Binyamin Appelbaum pointed out, it seemed to shrug off recent signs of an improving economy, giving little indication that it would alter current near-zero short-term interest rates before 2015. ...

Tags: FED'S PLOSSER: Here's Why I Dissented,  Philadelphia Latest News

4 HOURS AGO - Washington Business Journal

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Business leaders lay out roadmap for next mayor

The Greater Philadelphia Chamber of Commerce launched a new campaign that’s focused on developing a growth agenda for the city. Its main goal is to promote job creation and economic prosperity, and in doing so, set priorities for the next Philadelphia mayor – slated to be elected next year. As a first step to this “Roadmap for Growth” campaign, the ...

Tags: Business leaders lay out roadmap for next mayor,  Philadelphia Latest News