U.S. stocks opened flat Wednesday as China reports sluggish factory activity and many on Wall Street watched as Pope Francis arrived at the White House. Volkswagen shares rose for the first time in 3 days as the company’s board meets to discuss the emissions manipulation scandal. Boeing (BA) received orders for 300 aircraft from China during its leader visit to Seattle. Gold is taking a breather after skidding for 2 straight days. J.C. Penney (JCP) hires a new merchandising officer ahead of the crucial holiday season. John Tighe is a retail and J.C. Penney veteran. Bond guru Bill Gross says in his monthly investment outlook that the Federal Reserve should ‘get off zero and get off quick’. He says zero interest rates are harming the economy and pension funds.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
