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Weak

Chicago Board of Trade › (CBOT:US.H13)

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Today's Financial News

Tower Semiconductor posts second-quarter profit of $7.8 million

3 hours ago

MIGDAL HAEMEK, Israel (AP) _ Tower Semiconductor Ltd. (TSEM) on Wednesday reported second-quarter net income of $7.8 million, after reporting a loss in the same period a year earlier. The chipmaker posted revenue of $235.6 million in the period. For the current quarter ending in October, Tower Semiconductor said it expects revenue in the range of $231.8 million to $256.2 million.

Global stock markets mostly higher as investors await US data for clues about Fed hike

3 hours ago

SEOUL, South Korea (AP) — Global stock markets were mostly higher Wednesday as investors waited for U.S. jobs data to assess when the Federal Reserve will increase interest rates that have been at a record low. US DATA: U.S. Payroll processor ADP reports how many jobs private employers added in July, which will give some clues about monthly U.S. employment figures that are due Friday. Robust job creation will cement expectations for a U.S. interest rate hike in September or December. The Fed has kept interest rates ultra-low for several years, which has been a boon for stock markets. Also on Friday, the Institute for Supply Management, a trade group of purchasing managers, issues its index of non-manufacturing activity for July, which shows the status of U.S. service firms that represen

Bellatrix Exploration posts 2nd-quarter loss of $19.9 million

3 hours ago

CALGARY, Alberta (AP) _ Bellatrix Exploration Ltd. (BXE) on Wednesday reported a second-quarter loss of $19.9 million, after reporting a profit in the same period a year earlier. The oil and gas company posted revenue of $72.3 million in the period. The company's shares closed at $1.96. A year ago, they were trading at $7.27.

Wix.com reports second-quarter loss but tops expectations

3 hours ago

TEL AVIV, Israel (AP) _ Wix.com Ltd. (WIX) on Wednesday reported a loss of $12.3 million in its second quarter. On a per-share basis, the Tel Aviv, Israel-based company said it had a loss of 31 cents. Losses, adjusted for stock option expense, came to 21 cents per share. The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.

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