Stocks are showing a lack of direction in early trading on Thursday after moving mostly higher over the course of the two previous sessions. The major averages have been bouncing back and forth across the unchanged line.
After reporting a jump in U.S. pending home sales in the previous month, the National Association of Realtors released a report on Thursday showing a sharp pullback in pending home sales in the month of August. NAR said its pending home sales index tumbled by 2.4 percent to 108.5 in August after surging up by 1.2 percent to a revised 111.2 in July.
Apple Inc. has repeatedly assured customers of its commitment to privacy and said that iMessage conversations are safe. However, Apple's iMessage logs the phone numbers typed by users for a text conversation and shares this information with law enforcement when compelled by court order, according to news site "The Intercept."
Primarily reflecting upward revisions to non-residential fixed investment, private inventory investment, and exports, the Commerce Department released a report on Thursday showing that U.S. gross domestic product increased by more than previously estimated in the second quarter.
The report said second...
First-time claims for U.S. unemployment benefits rose by less than expected in the week ended September 24th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged up to 254,000, an increase of 3,000 from the previous week's revised level of 251,000.
German lender Commerzbank AG said Thursday that it will cut almost 10,000 jobs, stop paying dividends for the time being and merge two big units as part of a restructuring to become profitable on a sustainable basis by 2020. The bank, Germany's second largest, said that to cover its restructuring costs in the region of 1.1 billion euros, it will cease dividend payments for the time being.
After moving higher over the course of the two previous sessions, stocks may give back some ground in early trading on Thursday. The major index futures are currently pointing to a modestly lower open for the markets, with the Dow futures down by 25 points.
This year's Halloween will see more and more children in superhero and action hero costumes, according to the National Retail Federation's 2016 Halloween Consumer Top Costumes Survey.
Eurozone economic sentiment rebounded strongly to an eight-month high in September from a five-month low in the previous month, mainly driven by the improvement in industrial and retailers' confidence, survey data from the European Commission showed Thursday. The economic sentiment index climbed to 104.9 from 103.5 in August. Economists had forecast an unchanged reading.
Snack and beverage giant Pepsico Inc. reported Thursday significantly higher profit in its third quarter, reflecting the absence of last year's hefty Venezuelan impairment charges, despite weak revenues. Core earnings and revenues beat market estimates. Further, the company lifted its fiscal 2016 forecast on its performance and outlook for the fourth quarter.
European stocks saw further upside on Thursday, a day after OPEC countries agreed to modest oil output cuts in the first such deal since 2008.
Investor sentiment remains upbeat despite oil prices declining in European trading after sharp overnight gains.
Regional data proved a mixed bag, with German...
Trading in the U.S. index futures suggests that Wall Street stocks may open Thursday's session modestly higher, influenced by OPEC's surprise decision to cut production. Several Fed executives will be make public appearances at various places, with Janet Yellen participating in a moderated conversation at the Kansas City. In Europe, bank shares are on a revival and most of the Asian stocks closed
Almost 71 percent of Americans say they don't save enough for their retirement, while around 54 percent believe they will never pay off their debt fully, according to a new national survey.
The latest survey, commissioned by Experian together with Get Rich Slowly and other top U.S. personal finance...
The biotech space is not for the faint hearted, given the ebbs and flows in terms of the returns from investing in it. However, for one who perseveres and astutely devises strategies with full cognizance of key regulatory events coming up, the probability of drug candidates getting FDA's blessings and sympathy plays in the space, it provides a sea of opportunity and huge upside prospects.
Even a slight weight gain can hurt employment chances of a job seeker, especially women, according to a new study from the journal Plos One. In the study, it was found that people are less likely to select overweight women in a customer-facing job than an overweight man.