European stocks are seen opening flat to slightly higher on Wednesday as investors pause for breath following the previous session's rally. The upside momentum would be capped by Chinese data signaling sustained weakness in manufacturing.
Asian stocks are turning in a mixed performance, paring early...
Restaurant operator Yum! Brands Inc. said Tuesday after the markets closed that its first quarter profit rose 18% from last year, helped by strong performance of its China division. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast.
Virtualization software maker VMware Inc. (VMW), Tuesday reported an increase in profit for the first quarter, driven by a 14 percent growth in revenues. Both earnings and revenues for the quarter came in ahead of Wall Street estimates.
Palo Alto, California-based Vmware's first-quarter profit rose...
Credit card lender Discover Financial Services reported a decline in first-quarter profit, hurt mainly by loan-loss provisions, while revenues climbed as more customers used its cards for payments. However, earnings for the quarter topped Wall Street estimates, while revenue fell short of expectations.
AT&T Inc. (T) Tuesday reported a drop in profit for the first quarter, hurt largely by higher operating costs and income tax expenses. Nonetheless, the telecom giant's revenues grew driven mostly by subscriber additions. Both earnings and revenues for the quarter came in ahead of analysts' estimates.
Computer networking gear maker Juniper Networks Inc. (JNPR) said Tuesday after the markets closed that its first quarter profit rose 22% from last year, helped by higher revenue and a hefty gain from the sale of minority equity investments.
The company's quarterly earnings per share, excluding items,...
Amgen reported a 25 percent decline in first-quarter profit, hurt mostly by tax and other expenses that offset a seven percent growth in revenues, with results falling short of Wall Street estimates.
After trending higher over the past several sessions, stocks saw some further upside during trading on Tuesday. A positive reaction to the latest corporate news contributed to the continued buying interest, lifting the Dow and the S&P 500 back near their record highs.
In a blow to supporters of affirmative action, the Supreme Court on Tuesday upheld a voter-approved ban on using race as a factor in college admissions at Michigan's state-run universities. The court ruled 6 to 2 that the state law banning the use of racial preferences does not violate the U.S. Constitution, although the court was splintered on the reasoning for the decision.
U.S. crude oil snapped a three-day gain to end at a two-week low on Tuesday, ahead of the weekly oil report from the Energy Information Administration with investors anticipating a notable surge in U.S. stockpiles. The slump comes amid market volatility as May contracts expires at end of session today.
Meeting with Ukrainian officials on Tuesday, U.S. Vice President Joe Biden expressed support for the interim government while also criticizing Russia for its efforts to destabilize the country. Biden told a meeting with Ukrainian legislators that the country has a second opportunity to make good on the original promise made by the Orange Revolution.
Gold futures slipped for a third straight session to end at a three-week low on Tuesday, with investors tracking rising U.S. and European equity markets. Investors preferred to stay with the more volatile equity assets on some mixed economic data from the U.S., although indicative of the underlying strength...
With traders reacting positively to the latest corporate news, stocks have moved notably higher over the course of the trading day on Tuesday. The gains on the day extend the upward trend shown by the markets over the past several sessions. Currently, the major averages are posting strong gains, near their best level of the day.
Existing home sales in the U.S. showed a modest decrease in the month of March, according to a report released by the National Association of Realtors on Tuesday, although the annual rate of sales still came in above economist estimates. The report said existing home sales edged down 0.2 percent to a seasonally adjusted annual rate of 4.59 million in March from 4.60 million in February.
After trending higher over the past several sessions, stocks are seeing some further upside in early trading on Tuesday. The major averages have climbed firmly into positive territory, with the Nasdaq and the S&P 500 moving higher for the sixth consecutive session.