After showing a notable move to the downside in early trading on Thursday, stocks regained some ground over the course of the session but still closed modestly lower. With the drop on the day, the tech-heavy Nasdaq pulled back off yesterday's record closing high.
U.S. crude oil snapped a three-day loss to settle higher Thursday in a last minute rally, after official data from the Energy Information Administration showed crude stockpiles in the U.S. to have declined more than expected last week, although production continued to remain firm.
Earlier today, a...
While the Senate remains adjourned for its Memorial Day break, the Democratic leadership released a statement Thursday urging Senate Majority Leader Mitch McConnell, R-Ken., to pursue passage of the bill known as USA Freedom Act.
Gold futures snapped a four-day loss to end higher on Thursday, as the dollar trended lower against a basket major currencies, coupled with the financial uncertainties in Greece and some soft data showing initial claims for unemployment benefits in the U.S. rose more than expected last week.
A crowded Republican presidential field has received two more long-shot candidates, as former Senator Rick Santorum, R-Penn., and former New York Gov. George Pataki have both thrown their hats into the ring.
After coming under pressure earlier in the session, stocks remain mostly lower in mid-day trading on Thursday. The losses on the day come after the Nasdaq ended the previous session at a record closing high.
Scientists at the Massachusetts Institute of Technology and University of California have developed specially engineered bacteria to detect cancerous tumors in liver at its early stage itself. The special bacteria were used in lab studies to detect diabetes also.
With the field widening just about every day, the results of a new Quinnipiac University National poll released on Thursday showed there remains no clear front-runner in the race for the Republican presidential nomination.
Avago Technologies Ltd. will acquire Broadcom Corp. for $37 billion in cash and stock, the two chipmakers said Thursday. The deal marks further consolidation in the semiconductor industry as rising costs and weak revenue growth force chipmakers to combine. Avago also reported a profit for the second quarter that more than doubled from last year. Earnings per share beat analysts' estimates.
Stocks have moved moderately lower in early trading on Thursday after showing big swings back and forth over the course of the two previous sessions. The major averages have slid into negative territory but remain well off Tuesday's lows.
Pending home sales in the U.S. increased by much more than expected in the month of April, according to a report released by the National Association of Realtors on Thursday, with pending sales jumping to their highest level in nearly nine years.
FIFA sponsors have warned that they may review contracts with football's world governing body after top FIFA officials were arrested in Zurich, and indicted by the US justice department on corruption charges. VISA, one of the sponsors, said it informed FIFA that if the organization fails to take swift and immediate steps to rebuild a culture with strong ethical practices in order to restore the
Abercrombie & Fitch Co. (ANF), a specialty retailer of casual apparels, Thursday said its loss for the first quarter widened from the prior year, as sales declined 14 percent owing partly to adverse currency. However, the company witnessed sequential improvements in several areas during the quarter, sending the stock up nearly 5 percent in pre-market activity.
After reporting a modest increase in first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing another uptick in initial jobless claims in the week ended May 23rd.
Canada's second-largest lender TD Bank Group on Thursday reported a 6 percent decline in profit for the second quarter from last year, as higher revenues and lower provision for credit losses were offset by restructuring charges. However, both revenue and adjusted earnings for the quarter beat analysts' estimates.