This Morning's Top Financial Stories
Happy Friday, Fools. Let's dig into the morning's hottest news stories.
Unemployment rate falls -- but for the wrong reason?
The U.S. economy gained 96,000 jobs -- fewer than expected -- and unemployment fell to 8.1%, according to a Reuters report. While it would seem that any drop in unemployment would be a good thing, Reuters reports that the decline was primarily because many unemployed Americans simply gave up the job hunt.
The stall in jobs growth sets the stage for the Federal Reserve to take action next week to boost the economy by easing monetary policy in its upcoming meeting on Wednesday and Thursday, Reuters says.
Intel cuts revenue forecast
Intel (NAS: INTC) backed off of its revenue forecast this morning, citing a soft PC market and lackluster emerging-market demand as the core causes for the change, the Silicon Valley BizBlog reports. Customers are moving away from traditional PCs and laptops, focusing more on tablets and smartphones, the BizBlog says.
Intel lowered its third-quarter revenue projection to $13.2 billion (plus or minus $300 million) compared with its previous forecast of $13.8 billion to $14.8 billion, MarketWatch reports.
Coca-Cola expects big excitement out of little drops
Coca-Cola (NYS: KO) is launching a new beverage, dubbed Dasani Drops, soon -- a direct competitor to Kraft's (NAS: KFT) MiO, though Coca-Cola execs did not mention their competition by name, according to an article by The Associated Press. Rather than coming in a traditional Coke can or Dasani water bottle, these drops are meant to be squeezed into water to add zest to an otherwise flavorless drink. And according to the AP, Coca-Cola vice president John Roddey says there's big potential for growth beyond its use in water -- citing a potential use in tea as the next beverage target for the Drops.
Dasani Drops will start arriving in stores in October, the AP reports.
The article This Morning's Top Financial Stories originally appeared on Fool.com.Hope Nelson-Pope is managing news editor at The Motley Fool and owns none of the companies mentioned in this article. The Motley Fool owns shares of Coca-Cola and Intel. Motley Fool newsletter services have recommended buying shares of Coca-Cola and Intel. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
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