The Federal Reserve will release the minutes from its June Federal Open Market Committee meeting at 2 p.m. ET. New York Fed President John Williams will deliver remarks ahead of the release of those minutes.
-- Steve Ballmer passed Bill Gates on Monday to become the sixth-richest person in the world, the first time the former chief executive officer of Microsoft Corp. has been wealthier than the company’s co-founder.
Deere & Co. is laying off nearly 600 workers as the farm equipment manufacturer deals with declining demand. Deere confirmed Monday that the production positions being cut are concentrated at two factories in Iowa and one at its home base in Moline, Illinois, where 280 employees will be laid off effective Aug. 30. A combined 310 workers will be let go at the Iowa locations.
THE TRADER The stock market has been hitting new highs, but most stocks are struggling. Even news that would usually move them isn’t doing the trick, a sign that equities won’t be an exciting place to invest in a while.Over the past year, investors have been very vocal in their desire for the Federal Reserve to cut interest rates while central bank officials have been vocal about keeping them higher-for-longer.
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