The European markets edged lower on Monday after a Greek official said the country may be unable to make a 300 million euro repayment to the International Monetary Fund on June 5 unless there is a deal with creditors. Greece is scheduled to repay EUR1.6 billion ($1.76 billion) to the IMF between June...
The European markets are seen opening largely unchanged on Monday after a mixed session on Friday. Trading activity is likely to be very thin as the U.K. and U.S. markets are shut for the Spring Bank Holiday and Memorial Day, respectively. Parts of Europe will observe the Whit Monday holiday.
U.S. stocks were generally lower Friday after hawkish remarks from Federal Reserve Chair Janet Yellen, who said the central bank will likely raise interest rates this year, as long as economic activity picks up.
In a speech to the Chamber of Commerce in Providence, R.I., Yellen said transitory factors...
U.S. crude oil ended snapped a two-day gain to end lower on Friday, as the dollar strengthened against a select band of currencies with investors weighing the Federal Reserve stand on holding interest rates at zero for the time being.
For the week, oil futures gained about 3 cents. This is the tenth...
Gold futures ended a tad lower on Thursday, as the dollar trended higher against a basket of major currencies with U.S. consumer inflation rising strongly, even as investors mulled over the Federal Reserve's minutes of its April meeting related to interest rate hikes.
For the week, gold futures dropped...
More than fifty people were infected with pathogenic Salmonella bacteria in a multi-state outbreak in U.S., probably from sushi that used raw tuna fish. Fever, diarrhea and abdominal cramps are the main symptoms, usually after 12 to 72 hours of infection.
A popular dating website has allegedly been hacked, with the hacker exposing the sensitive personal and sexual details of nearly 4 million users on to the web. UK television station Channel 4 News said it discovered the database as part of an ongoing investigation of the cyber underworld.
Following the strength seen in the previous session, stocks are turning in a lackluster performance in early trading on Friday. The major averages are lingering near the unchanged line after ending Thursday's trading modestly higher.
Uber's first experimental self-driving car has been spotted driving around the streets of Pittsburgh. The test vehicle for Uber's self-driving car program is a modified Ford Fusion, with the words 'Uber's Advanced Technologies Center' marked on the side of the vehicle. Uber has confirmed that the vehicle is part of its early research efforts regarding mapping, safety and autonomy systems.
Campbell Soup Co. on Friday reported a profit for the third quarter that was flat with last year, reflecting lower sales and one-time charges. However, adjusted earnings beat analysts' expectations, while sales missed their estimates. Looking ahead to fiscal 2015, the company now forecasts sales at the lower end of its guidance range and earnings at the higher end of its range.
Women's apparel retailer ANN INC. (ANN), which is being acquired by Ascena Retail Group Inc. (ASNA), Friday said first-quarter profit increased from the prior year and breezed past estimates. Sales improved year-over-year, but came shy of expectations.
Agricultural machinery maker Deere & Co. (DE) Friday said its second-quarter profit declined from the previous year, but came well above Wall Street projections. Looking ahead, the company lifted its profit forecast for the year.
European Central Bank President Mario Draghi reiterated on Friday that euro area economic conditions have improved, indicating a cyclical recovery, and urged the region's governments to make progress on structural reform that is essential to sustain the momentum. "The economic outlook for the euro area is brighter today than it has been for seven long years," he said.
A remote galaxy shining with the light of more than 300 trillion suns has been discovered using data from NASA's Wide-field Infrared Survey Explorer (WISE). It is the most luminous galaxy found to date and belongs to a new class of objects recently discovered by WISE - extremely luminous infrared galaxies, or ELIRGs. "We are looking at a very intense phase of galaxy evolution," said Chao-Wei Tsai
German business confidence weakened marginally from a 10-month high in May and the economy grew at a slower pace in the first quarter, as initially estimated, revealed two separate reports released Friday. The business confidence index fell less-than-expected to 108.5 in May from 108.6 in April, according to a survey by Munich-based Ifo Institute. This was the first fall in seven months but the i