After moving sharply higher over the course of the two previous sessions, stocks saw some further upside during trading on Friday. With the gains on the day, the major averages further offset the sell-off that was seen earlier this month.
President Barack Obama said Friday he believes Sony Pictures Entertainment "made a mistake" with its decision to scrap the release of "The Interview" amid threats from hackers. Obama expressed sympathy for Sony but warned that the move sets a dangerous precedent.
U.S. crude oil rebounded to end sharply higher on Friday, after having plunged over 4 percent on Thursday, although concerns over demand growth and oversupply continue to plague market sentiments.
Oil prices found support with an official report from the Energy Information Administration earlier...
Confirming widespread speculation, the Federal Bureau of Investigation on Friday formally accused North Korea of the recent cyber-attack against Sony Pictures Entertainment. The FBI said it began an investigation shortly after attack and has concluded that the North Korean government is responsible.
Gold futures ended slightly higher on Friday, with gains capped at the dollar continued to strengthen against a select band of currencies. With most global equity markets on the up, demand for the safe haven metal remained tepid.
With little or no major economic releases for the day, gold futures...
Roche said it was halting a late-stage trial of its investigational drug gantenerumab to treat patients with early Alzheimer's disease as its overall safety profile was similar to that of a Phase 1 study.
While buying interest has remained relatively subdued, stocks are seeing modest strength in mid-day trading on Friday. The gains on the day are extending the strong upward move that was seen over the course of the two previous sessions.
General Motors Co.'s (GM) Cadillac plans to introduce a rear-view mirror that can stream high-resolution video in order to help the driver get a better rearward view without the obstruction of passengers and headrests.
Cadillac plans to introduce the new technology on the 2016 Cadillac CT6, when it...
Swiss drug maker Roche Holding said a late-stage trial of its breast cancer drug Kadcyla did not provide superior results compared with an existing therapy.
The upcoming Samsung Galaxy S6 will likely feature an all-new aluminum body design and have a curved edge display screen on both sides, according to Italian tech blog Samsung HD Blog.
If the latest rumors are to be believed, then Samsung's (SMSN.L, SSNNF.OB, SSNLF.OB) widely anticipated flagship smartphone...
On the heels of national protests over the police-involved deaths of two black men, the results of a new Gallup poll showed a sharp jump in the percentage of Americans naming "race relations" or "racism" as the most important problem in the U.S.
After initially showing a lack of direction, stocks have moved mostly higher in early trading on Friday. The major averages have all climbed into positive territory, adding to the substantial gains posted in the two previous sessions.
Cruise operator Carnival Corp. & plc reported Friday a net loss for the fourth quarter compared to a profit last year, reflecting lower operating costs and revenue growth. Adjusted earnings per share topped analysts' expectation, while quarterly revenues missed their estimates.The company also provided earnings guidance for the first quarter and full-year 2015.
FCA US, until recently known as Chrysler, said Friday it is recalling 257,000 Dodge Ram pickups.
The auto maker says the rear axle pinion nut on certain model year 2005 Dodge Ram 1500 trucks may loosen due to an undersized spline on the pinion gear.
If the pinion nut loosens, the rear axle may...
After moving sharply higher over the course of the two previous sessions, stocks appear poised to extend the rally in early trading on Friday. The major index futures are currently pointing to a modestly higher open for the markets, with the Dow futures up by 25 points.