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Stock slide is trouble for Hillary Clinton and Snapchat hires CFO

Stocks are rebounding midday today, with all the three major U.S. indices (^DJI, ^GSPC, ^IXIC) trading in the green.

At a press conference today, William Dudley, president of the New York Federal Reserve Bank said, "from my perspective, at this moment, the decision to begin the normalization process at the September FOMC meeting seems less compelling to me than it was a few weeks ago," adding that he hopes to raise rates this year.

Get the Latest Market Data and News with the Yahoo Finance App

Here are some of the other stories Yahoo Finance is following today.

Should Hillary Clinton be nervous about stock slide?

How might the wild market ride impact the 2016 election? One candidate keeping a very close eye on it is Hillary Clinton. Economists and political analysts say a market slide could be detrimental to Democratic presidential hopes.

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Snapchat hires acting CFO: report

Snapchat finally found someone to manage all its cash. The startup reportedly hired former Mattel executive,  Drew Vollero, as its vice president of finance and acting CFO. Snapchat expects Vollero will eventually become the full-time CFO, according to the Wall Street Journal.

Strong economy leads to traffic jams

And finally, this week's stock action not withstanding, the U.S. economy is certainly stronger than it has been in quite some time. But that strength is having some unintended consequences on America's roads. A new study says more jobs and cheaper gas have led to more cars on the road and some of the worst traffic jams the country has ever seen. American drivers are spending about 5% more time stuck in traffic than they were in 2007, with Washington D.C. leading the way followed by Los Angeles, San Francisco, New York and Boston.

More from Yahoo Finance

Hillary Clinton: More investments in rural U.S. will boost economy

Strategist: There's Still One Big Market Disequilibrium That Hasn't Been Resolved

You can blame the beeping economy for worst US traffic ever

Snapchat Hires Former Mattell Exec to Grow Revenue, Prep for IPO