Growth in U.S. economic activity in the second quarter accelerated from the first quarter, according to the initial estimate released by the Commerce Department on Friday, although the pace of growth came in well below economist estimates.
Hillary Rodham Clinton has accepted the Democratic party's nomination for presidential election giving emphasis on the idea "In America, we're always stronger together."
The 69 year-old former Secretary of State's acceptance speech at the Democratic National Convention Thursday night was well received...
Oil company Exxon Mobil Corp. on Friday reported a 59 percent fall in profit for the second quarter from last year, while Chevron Corp. reported a loss for the quarter, both on lower revenues. The results of both companies were impacted by the low crude oil and natural gas prices as well as weaker refining margins.
Stocks may continue to experience choppy trading on Friday, extending the lackluster performance seen over the past several sessions. The major index futures are currently mixed, with the Dow futures down by 49 points but the Nasdaq futures up by 3.25 points.
Eurozone economic growth halved in the second quarter, after France's economy halted, as the region braces for uncertainty emanating from the "Brexit" talks in the quarters ahead. Separate data showed that inflation picked up in July despite weak energy prices and the unemployment rate held steady at a five year low in June.
Merck & Co Inc. (MRK) reported a second-quarter profit that climbed 75 percent from last year, while quarter sales rose 1 percent. The prior year result included foreign exchange losses of $715 million related to the devaluation of the company's net monetary assets in Venezuela. The company raised the bottom end of its full-year 2016 non-GAAP earnings per share outlook.
Xerox (XRX) reported second-quarter adjusted EPS of $0.30, a 7 cent increase over the same period last year driven by a lower tax rate, fewer shares, and higher operating profits. On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.25 for the quarter....
Early indications suggest that Wall Street stocks may open Friday's session on a weaker note, as the Bank of Japan's monetary policy actions fail to appease investors. That said, to make up for the central banks lack of benevolence, the government has promised announcement of additional fiscal stimulus....
New study has found that pre-term babies fed more breast milk in the first 28 days of life had better brain development and neurocognitive outcomes.
Shares of International Consolidated Airlines Group S.A. were gaining around 3 percent in London trading after the airline reported Friday higher profit in its second quarter, benefited by higher passenger revenues, despite weak cargo revenues. The company now expects low double digit percentage growth in pre-exceptional operating profit in 2016.
Swiss banking giant UBS Group AG reported Friday a 14 percent decline in second quarter profit with weakness in net interest income. Looking ahead, the company said the difficult conditions continue to persist, yet the firm is well positioned to benefit from even a moderate improvement in conditions. UBS shares were gaining around 3 percent in the morning trading in Zurich.
Gel Spice Inc. is recalling one lot of Fresh Finds Ground Turmeric Powder due to elevated lead levels in the product. The recalled product bears the UPC code of 81026-01230 and was distributed at Big Lots Stores throughout the U.S.
European stocks are likely to follow their Asian peers lower on Friday after the Bank of Japan disappointed investors, who were hoping for a large stimulus package.
The Bank of Japan expanded purchases of exchange-traded funds to 6 trillion yen and doubled the size of a U.S. dollar lending program...
We are well into the third quarter and past the middle of the year and it is time to take stock of regulatory decisions awaiting some biotech stocks in August. Despite the uncertain macroeconomic environment, the markets have run up, with the S&P 500 Index making new highs session after session. Valuation concerns may keep traders at bay. However, the biotech space is a different cup of tea.
Amazon.com Inc. (AMZN) Thursday reported an increase in profit for the second quarter, driven largely by revenue growth, especially at Amazon Web services. The online retailer' profit and revenues for the quarter trumped Wall Street estimates.
Seattle, Washington-based Amazon reported second-quarter...