U.S. crude oil snapped a two-day loss to end higher on Thursday, as worries over the Ukraine situation outweighed the more-than-expected jump in U.S. crude stockpiles last week. Tensions between Ukraine and Russia further intensified, with Moscow threatening to intervene if Kiev continued its crackdown...
In a potentially pivotal Senate race, the results of a Quinnipiac University poll released Thursday showed incumbent Colorado Sen. Mark Udall, D-Col., running neck-and-neck against Republican Rep. Cory Gardner, R-Col. The poll found that 45 percent of Colorado voters would choose Udall if the election were being held today, while 44 percent said they would vote for Gardner.
While U.S. President Barack Obama and his Russian counterpart Vladimir Putin have called for a diplomatic solution to the ongoing crisis in Ukraine, the two leaders both made comments Thursday with the potential to inflame rather than tamp down the situation.
Gold futures ended at a one-week high for a second straight session, with investors continuing to opt for the safe haven of the precious metal as tensions in Ukraine intensified, after some mixed U.S. economic data with weak initial claims for unemployment benefits.
Gold for June delivery, the most...
After initially showing a lack of direction, stocks have moved mostly higher over the course of the trading day on Thursday. The strength that has emerged on the day has largely offset the weakness that was seen in the previous session. The major averages have moved roughly sideways in recent trading, hovering in positive territory.
Diversified manufacturer 3M Company (MMM), Thursday reported an increase in profit for the first quarter, as revenues grew across almost all segments. However, both earnings and revenues for the quarter fell short of Wall Street expectations.
St. Paul, Minnesota-based 3M's first-quarter profit rose...
United Continental Holdings, Inc. reported Thursday a loss for the first quarter that widened last year. Adjusted loss per share came in narrower than analysts' expectations, but revenues missed. Southwest Airlines Co. reported a surge in profit for the quarter, reflecting lower fuel expenses and revenue growth, with adjusted earnings per share topping estimates and revenues matching.
Telecom giant Verizon Communications Inc. on Thursday reported a profit for the first quarter that doubled from last year, boosted by a gain from its acquisition of Verizon Wireless. However, adjusted earnings per share missed analysts' expectations, while revenues beat their estimates. The company added 539,000 postpaid subscribers in the quarter, down 20 percent from last year.
Mining and agricultural equipment maker Caterpillar Inc. on Thursday reported a 5 percent increase in profit for the first quarter from last year, as a tight control on costs helped offset the impact of flat sales. Both earnings and revenues topped Wall Street estimates. Looking ahead to fiscal 2014, the company raised its fiscal earnings outlook, while affirming its sales forecast.
After moving to the upside at the open, stocks have fluctuated over the course of early trading on Thursday. The major averages have been bouncing back and forth across the unchanged line, unable to sustain any significant moves. Currently, the major averages are turning in a mixed performance, with the Dow posting a modest loss.
Automaker General Motors Co. reported Thursday a profit for the first quarter that plunged 82 percent from last year, primarily hurt by the hefty recall-related charge. The company said strong core operating performance during the quarter was more than offset by the charges related to the Venezuela currency devaluation and the recall.
Home builder PulteGroup, Inc. Thursday reported an 8 percent decline in profit for the first quarter from last year, reflecting lower revenues and a decline in new orders. The latest quarter's results were also impacted by higher tax expenses. Meanwhile, DR Horton, Inc. reported an 18 percent increase in profit for the second quarter on strong homebuilding revenue growth.
After reporting a bigger than expected increase in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Thursday that once again showed stronger than expected durable goods orders growth in the month of March. The report said durable goods orders surged up by 2.6 percent in March after jumping by a revised 2.1 percent in February.
Package delivery giant United Parcel Service Inc. (UPS) Thursday reported lower profit for the first quarter, amid a tepid growth in revenues, hit by the severe weather conditions. Both earnings and revenues missed Wall Street expectations and the company expects full year earnings per share to be at the low end of its previous projection.
First-time claims for U.S. unemployment benefits rose by more than expected in the week ended April 19th, according to a report released by the Labor Department on Thursday, with initial jobless claims climbing further off their recent lows. The report said initial jobless claims rose to 329,000, an increase of 24,000 from the previous week's revised figure of 305,000.