After moving to the upside early in the session, stocks remain mostly positive in mid-day trading on Thursday. The major averages are adding to the strong gains posted on Wednesday, with the tech-heavy Nasdaq reaching a new record intraday high.
A.P. Moeller - Maersk A/S is planning to separate its operations into transport and energy divisions, in view of tumbling oil prices and reduction in freight charges.
Donald Trump's decision to admit that President Barack Obama was born in the U.S. made headlines last Friday, but the Republican presidential nominee has now suggested that the statement was an effort to prevent the issue from being a distraction. "I just wanted to get on with, you know, we want to get on with the campaign." Trump said.
Stocks have moved mostly higher in morning trading on Thursday, adding to the strong gains posted in the previous session. With the continued upward move, the tech-heavy Nasdaq has once again reached a new record intraday high.
A reading on leading U.S. economic indicators unexpectedly saw a modest decrease in the month of August, the Conference Board revealed in a report on Thursday. The Conference Board said its leading economic index edged down by 0.2 percent in August after climbing by an upwardly revised 0.5 percent in July.
Despite mortgage rates near record lows, the National Association of Realtors released a report on Thursday showing an unexpected decrease in U.S. existing home sales in the month of August. The report said existing home sales slid 0.9 percent to an annual rate of 5.33 million in August.
Oracle Corp.'s chief technology officer Larry Ellison minced no words in ridiculing Amazon.com and its Amazon Web Services cloud computing platform. While delivering his keynote address at the Oracle OpenWorld 2016 in San Francisco's Moscone Center, Ellison lashed out at Amazon, saying that Amazon databases are 20 years behind the latest release of the Oracle Database in the Cloud.
Yahoo is planning to confirm a massive data breach, probably involving several hundred million user accounts, Recode.net reported. The breached data might include user names, encrypted passwords, e-mail addresses, birth dates, etc.
After reporting only slight shifts in first-time claims for U.S. unemployment benefits over the past few weeks, the Labor Department released a report on Thursday showing that initial jobless claims unexpectedly dropped to a two-month low in the week ended September 17th.
After moving sharply higher over the course of the previous session, stocks may see some further 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 78 points.
European stocks hit two-week highs on Thursday, with mining and energy stocks among the biggest gainers, as the dollar drifted deeper into negative territory on expectations that the Federal Reserve will hold off raising interest rates until December.
Fed Chair Janet Yellen offered an upbeat assessment...
Early indications suggest that Wall Street stocks may open Thursday's session slightly higher, supported by the upward momentum set in motion by the Federal Reserve's monetary policy announcement and Fed Chair Janet Yellen's upbeat assessment of the economic outlook. The markets may also focus on a slew of domestic data, including jobless claims, house prices and existing home sales.
Volkswagen shareholders have filed new lawsuits in Germany seeking a total of 8.2 billion euros or about $9.2 billion in damages. In the lawsuits, said to be Germany's biggest ever investor lawsuit, the investors allege that they lost billions as the carmaker's share value plunged post its diesel emissions cheating scandal.
European stocks are seen opening higher on Thursday after Fed Chair Janet Yellen offered an upbeat assessment of the economic outlook, but noted that a cautious approach in paring back monetary policy support is appropriate.
The major U.S. averages climbed about 1 percent overnight, the dollar sagged,...
BioMarin Pharmaceutical Inc. intends to seek a review of the Patent Trial and Appeal Board's ruling in the composition of matter patent interference pertaining to exon 51 skipping antisense oligonucleotides, which has gone in favor of Sarepta Therapeutics Inc.