H&R Block reported a smaller loss for the first quarter, driven by a four percent increase in revenues, partly offset by foreign currency fluctuations. The company announced a $3.5 billion stock buyback, and its shares gained 7% in after-hours trade...
Stocks saw substantial weakness during trading on Tuesday, adding to the loss posted in the previous session. With the drop on the day, the major averages further offset the recovery rally that was seen last week.
U.S. crude oil plunged to end sharply lower on Tuesday, surrendering most of the massive gains made yesterday on concerns over demand growth outlook, after some disappointing economic data from China.
Crude oil prices turned lower after a stunning rally over the previous few sessions.
Talk of discord...
About nine-tenths of the world's sea birds are likely to have consumed pieces of plastic which continue to remain in their guts, a study shows.
Automakers reported some mixed U.S. sales for August, marked by fewer working days and a delayed Labor Day, even as the month was largely bullish, spurred by lower interest rates, cheaper gas, and some strong employment data that buoyed consumer confidence.
Gold futures rebounded to end higher on Tuesday, with investors seeking the safe haven appeal of the metal after some some disappointing economic data from the China and the U.S. The sharp sell-off in global equity markets, also prompted investors to turn to the precious metal.
Global equity markets...
Continuing the recent wild ride by the markets, stocks have moved sharply lower in early trading on Tuesday. The major averages have dropped firmly into negative territory, further offsetting the recovery rally that was seen last week.
Reflecting a jump in spending on private construction, the Commerce Department released a report on Tuesday showing that total U.S. construction spending reached its highest level in seven years in the month of July.
Activity in the U.S. manufacturing sector unexpectedly grew at a slower rate in the month of August, according to a report released by the Institute for Supply Management on Tuesday, with the index of activity in the sector falling to its lowest level in over two years.
Discount retailer Dollar Tree, Inc. on Tuesday reported a loss for the second quarter, reflecting costs related to the acquisition of Family Dollar Stores Inc. and on lower margins that more than offset higher revenues. However, revenues for the quarter missed analysts' expectations and the company forecast revenues for the third quarter as well as fiscal 2015 also below their estimates.
Eurozone unemployment rate unexpectedly dropped in July to its lowest level in three-and-a-half years, adding to hopes that consumer spending would support growth amid low inflation. The unemployment rate fell to 10.9 percent in July, after holding steady at 11.1 percent in the previous two months, data from Eurostat revealed Tuesday. The figure was expected to remain at the 11.1 percent level f
Stocks are likely to come under pressure in early trading on Tuesday, extending the pullback seen in the previous session. The major index futures are currently pointing to a sharply lower open for the markets, with the Dow futures down by 416 points.
Global economic growth is set to moderate and will likely be weaker-than-expected earlier due to sluggish recovery in advanced economies and a further slowdown in emerging economies, International Monetary Fund Managing Director Christine Lagarde said Tuesday.
Eleven countries and the European Union have reaffirmed their commitment to take urgent action to slow the pace of warming in the Arctic, focusing on actions that impact the global atmosphere as well as the Arctic itself. The commitment was made by the United States, France, Germany, Italy, Japan, South Korea, Netherlands, Poland, Singapore, Spain, United Kingdom, and European Union at the GLACI
Trading in the U.S. index futures suggests that Wall Street stocks may open Tuesday's session notably lower, joining the global market rout. The reason is not any different, as China threw up additional evidence of a wobbly economy. Two separate surveys showed that China's factory activity contracted,...