Eurozone economic confidence rose to a four-month high in May, driven by marked improvements in sentiment among consumers and managers in the retail trade and construction sectors. The economic sentiment index improved more-than-expected to 104.7 from a revised score of 104.0 in the previous month, survey results from the European Commission showed Monday.
European stocks held steady in cautious trade on Monday after Federal Reserve Chair Janet Yellen hinted at a possible interest-rate hike as early as next month.
Trading volumes remain thin as the London and New York markets are closed for public holidays.
The pan-European Stoxx Europe 600 index...
The holiday throng seeking to take a flight out to their preferred destinations at the at New York's Kennedy International Airport ahead of the Memorial Day holiday were in for a rude shock. Technology played a spoilsport, as a computer system broke down Sunday evening at a terminal, causing flight delays and cancellations that resulted in manual check-in process for thousands of holiday passeng
European stocks may follow Wall Street higher on Monday after investors took in their stride comments from Fed Chair Janet Yellen that a rate hike "in the coming months" would be appropriate, if the U.S. economy continues to improve.
U.S. stocks posted modest gains on Friday to cap off their strongest...
Can-Fite BioPharma Ltd. expects to report data from a phase II trial of CF101, conducted by its subsidiary OphthaliX, in the treatment of glaucoma and related syndromes of ocular hypertension next month.
The month of May saw the FDA greenlight 5 new drugs, including 1 new molecular entity, and surprisingly turn down 1 drug candidate, whose approval was considered a no-brainer by some experts.
With traders seeming to shrug off concerns about higher interest rates, stocks managed to end Friday's trading mostly higher. The gains on the day lifted the Nasdaq and the S&P 500 their best closing levels in over a month.
Stocks saw some volatility as Federal Reserve Chair Janet Yellen spoke at an event at Harvard University on Friday, but the major averages are currently all in positive territory as the trading day winds down.
A poll conducted ahead of President Barack Obama's historic visit to Hiroshima on Friday found that Americans are divided over the U.S. decision to drop atomic bombs on Japanese cities near the end of World War II.
Senator Marco Rubio, R-Fla., continues to say he will not run for re-election this year, but that has not stopped fellow Republicans from pushing him to get into the race. Presumptive Republican presidential nominee Donald Trump was the latest member of the GOP to urge Marco to run in a post on Twitter on Thursday.
After moving to the upside early in the session, stocks remain mostly positive in mid-day trading on Friday. With the gains on the day, the Nasdaq and the S&P 500 have once again reached their best intraday levels in a month.
Speaking at the site of the world's first atomic bombing in Hiroshima, Japan, U.S. President Barack Obama urged humanity to learn from the mistakes of the past in an effort to make war less likely and cruelty less easily accepted.
Stocks have moved moderately higher in morning trading on Friday after ending the previous session roughly flat. With the upward move, the Nasdaq and the S&P 500 have reached their best intraday levels in about a month.
Consumer sentiment in the U.S. improved by less than initially estimated in the month of May, according to a report released by the University of Michigan on Friday, although the consumer sentiment index remained at an eleven-month high.
While reporting a wider loss for the first quarter, Sears Holdings Corp. said it has decided to "aggressively evaluate" all potential alternatives for its top brands - Kenmore, Craftsman and DieHard or KCD, and the Sears Home Services or SHS businesses. Sears has retained Citigroup Global Markets and LionTree Advisors to assist in its efforts.