Following the rally seen in the previous session, stocks saw some further upside during trading on Thursday. With the continued strength on Wall Street, all three of the major averages reached new record closing highs.
With a deadline to avoid a government shutdown looming, the House voted Thursday to approve a short-term government spending bill. The House voted 326 to 96 in favor of the continuing resolution, which funds the government at current levels through April 28th.
Alphabet, better known as parent company of Google, remains in hyper-growth mode thanks to its innovative culture and smart acquisitions.
It is estimated to have spent more than $30 billion to acquire close to 200 companies.
Google's acquisition strategy has been to fill gaps in the product line...
With lawmakers looking to finish up their work for the year, the Senate voted overwhelmingly Thursday to approve a $618.7 billion defense policy bill. The Senate voted 92 to 7 in favor of the annual National Defense Authorization Act, which provides a blueprint for defense spending in the current fiscal year.
Fast food executive Andrew Puzder is expected to be announced as President-elect Donald Trump's nominee for Labor Secretary, according to numerous media reports. Puzder currently serves as Chief Executive Officer of CKE Restaurants, Inc., the parent company of Carl's Jr., Hardee's, Green Burrito, and Red Burrito.
Stocks continue to turn in a relatively lackluster performance in mid-day trading on Thursday as traders digest the European Central Bank's highly anticipated monetary policy announcement. The major averages still managed to reach new record intraday highs.
President-elect Donald Trump announced Wednesday he intends to nominate former professional wrestling executive Linda McMahon to serve as the Administrator of the Small Business Administration. In a statement, Trump said McMahon is widely recognized as one of the country's top female executives advising businesses around the globe.
With traders digesting the European Central Bank's highly anticipated monetary policy announcement, stocks are showing a lack of direction in morning trading on Thursday. Despite the choppy trading, the major averages set new record intraday highs.
A McDonald's employee in Kansas has been fired and is facing criminal charges after the worker put mustard in an official's beverage. Two officers with the Topeka Police Department said that on Friday, they bought a Dr. Pepper at a McDonald's drive-thru in the city and found that the drink tasted strange.
European Central Bank President Mario Draghi asserted that the option of scaling back bond purchases gradually to zero, or 'tapering', was not discussed by policymakers on Thursday, but said the bank was ready to extend and boost stimulus when needed.
Burger King has introduced a donut burger in Israel to celebrate the Jewish festival of Hanukkah. The burger will be called the SufganiKing, a play on the Hebrew word for donut, which is sufganiyot. The burger will be sold for about $4.
After reporting first-time claims for U.S. unemployment benefits at a five-month high in the previous week, the Labor Department released a report on Thursday showing that initial jobless claims pulled back in the week ended December 3rd.
Following the rally seen in the previous session, stocks may see some further upside in early trading on Thursday. The major index futures are currently pointing to a modestly higher open for the markets, with the Dow futures up by 40 points.
Wearable fitness device maker Fitbit Inc. said it has acquired the assets of struggling smartwatch startup Pebble, including key personnel and intellectual property related to software and firmware development. The acquisition excludes Pebble's hardware products. Financial terms of the deal were not disclosed.
The beer industry in Colorado, Oregon and Washington is facing dull sales as the three states legalized recreational marijuana.
According to brewbound.com, the beer business is under-performing in these states after the legalization. Beer volumes in these states declined two percent and stand behind all other beer markets in the U.S.