First-time claims for U.S. unemployment benefits saw a modest increase in the week ended February 18th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims rose to 244,000, an increase of 6,000 from the previous week's revised level of 238,000.
Following the lackluster performance seen in the previous session, stocks may move to the upside in early trading on Thursday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 36 points.
Private equity firm Sycamore Partners has won the bankruptcy auction for the e-commerce business and intellectual property of U.S. women's apparel retailer The Limited with a bid of $26.8 million, Reuters reported, citing people familiar with the matter. A U.S. bankruptcy court judge must now approve the sale to Sycamore Partners.
The national activity index and the weekly jobless claims are the focus of the day. Trading in the U.S. index futures suggests that Wall Street stocks may open Thursday's session modestly higher. Asian shares closed mixed, while European shares are trading mixed.
French telecommunications operator Orange SA reported Thursday higher net profit in its fiscal year 2016 mainly on income from discontinued operations. Operating income, meanwhile, declined, despite increased revenues. For fiscal 2017, the company projects higher adjusted EBITDA, a key earnings metric.
Germany's economic growth accelerated, as initially estimated in the fourth quarter on robust domestic demand. However, a consumer confidence survey signaled a slowdown in spending this year as rising inflation and changes in the U.S. administration weigh on income and economic expectations. Gross domestic product grew 0.4 percent sequentially in the fourth quarter.
European stocks fluctuated between gains and losses on Thursday as investors digested a barrage of earnings releases and official data showed the U.K. lost its title as the fastest growing major advanced economy in 2016 to Germany.
German GDP rose by 1.9 percent for the whole of 2016, overtaking the...
European stocks are seen opening flat to slightly higher on Thursday, showing little reaction to the Federal Reserve's latest policy meeting minutes, which kept the prospect of a March rate hike in play. Fed officials said they may need to raise interest rates "fairly soon" should jobs and inflation...
Fast-food giant McDonald's plans to offer big discounts on its sodas and coffee, aiming to meet the declining customer visits, Bloomberg reported Wednesday. The company is likely to offer $1 sodas of any size for a limited time starting in April across the U.S. Further, McCafe specialty drinks, which normally range from $2.69 and $4, will be sold for $2 for a limited time.
The U.S. Consumer Product Safety Commission said that Keurig Green Mountain Inc. has agreed to pay a $5.8 million civil penalty to settle charges that the company failed to report a defect and unreasonable risk of injury to the agency immediately.
The federal law requires every manufacturers, distributors,...
Cheesecake Factory Inc. Wednesday reported an increase in profit for the fourth quarter that fell short of Wall Street estimates by a penny.
For the fourth quarter, the company reported earnings of $32.4 million or $0.66 per share, up from $27.2 million, or $0.54 per share last year. Analysts polled...
Electric car maker Tesla Motors Inc. (TSLA), Wednesday reported a loss for the fourth quarter that was narrower than last year. The company said it expects to start volume production of Model 3 by September.
Palo Alto, California-based Tesla reported fourth-quarter loss of $121.3 million or $0.78...
Stocks showed a lack of direction throughout the trading session on Wednesday before ending the day little changed. Despite the choppy trading on the day, the Dow still managed to climb to another new record closing high.
In order to thank customers after being ranked No. 1 in the annual Harris Corporate Reputation Poll, Amazon is offering $8.62 discount for a purchase of $50 or more for today only.
For the second straight year, Amazon was ranked No. 1 in the Harris Poll and earned a record score of 86.27 in the 18-year...
Claiming the country's finances are a mess, President Donald Trump pledged Wednesday to clean up the federal budget. Trump told reporters at a meeting with Treasury Secretary Steve Mnuchin, Budget Director Mick Mulvaney, and other officials that his budget would reflect the priorities of the American people.