Stock futures slipped Tuesday after Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, told The Wall Street Journal that the central bank still has work to do to bring inflation down to its target of 2%, denting rising hopes the Fed was done hiking interest rates.
Tripadvisor rose 12% after the online travel platform reported adjusted earnings and sales in the third quarter that beat Wall Street expectations. Sales of $533 million rose 16% from a year earlier. International Flavors & Fragrances announced an agreement to continue a previous cooperation agreement with Icahn Capital LP and its affiliates. The company, which makes flavors and fragrances used in food, beverage, personal care and household products, also swung to a profit in the third quarter from a year-earlier loss.
RingCentral , the provider of cloud-based communications services, posted third-quarter adjusted earnings and revenue that topped analysts’ estimates and raised its forecast for the year. The stock was up 6.2%.
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