Good morning from the business news desk of the Star Tribune.
Let's just say it: for news adrenaline junkies, today is going to be one of the slowest days of the year. It's the next-to-last weekend to get in some extended time at the lake if you're in Minnesota or on the Hamptons if you're in New York. There's no economic data coming today and trading volume is expected to be light.
U.S. stock futures are down about a tenth of a percent heading into the open. Asian markets closed higher today while Europe is mostly lower at the moment. Investors' eyes are on Jackson Hole, Wyo., this morning where Fed Chair Janet Yellen keynotes the annual gathering of central bankers from around the world. We'll catch reaction to that as it happens.
In Minnesota news this morning, G&K Services raised its dividend to 31 cents from 27 cents. Some investors were expecting an increase to 33.5 cents, however.