On the heels of the rally seen in the previous session, stocks saw some further upside during trading on Wednesday. With the continued strength on the day, the Nasdaq and the S&P 500 reached their best closing levels in about a month.
With Donald Trump still refusing to release his tax returns, Democratic Senator Ron Wyden, D-Ore., has introduced legislation requiring the presidential nominee of a major political party to release the information.
Democratic presidential frontrunner Hillary Clinton did not comply with federal records rules while serving as Secretary of State, an internal State Department audit has concluded. A report released by the State Department Inspector General was highly critical of Clinton's use of a private email server.
After moving notably higher early in the session, stocks continue to turn in a strong performance in mid-day trading on Wednesday. With the strength on the day, the major averages are adding to the substantial gains posted in the previous session.
Stocks have moved mostly higher in morning trading on Wednesday, adding to the strong gains posted in the previous session. The major averages have climbed firmly into positive territory, with the Nasdaq and the S&P 500 reaching their best intraday levels in about a month.
Citing advice from her doctors, "Little House on the Prairie" actress Melissa Gilbert revealed Tuesday that she is ending her bid for a congressional seat in Michigan. Gilbert was set to face off against Republican Rep. Mike Bishop, R-Mich., in Michigan's 8th District.
While the race for the White House seems likely to culminate in a bitter fight between Hillary Clinton and Donald Trump, President Barack Obama has expressed optimism the nation will endure a tough election season.
After moving sharply higher over the course of the previous session, stocks may see some further upside in early trading on Wednesday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 70 points.
Anglo-Dutch oil giant Royal Dutch Shell plans to cut 2,200 more jobs, as the company continues to face lower oil prices, media reported Wednesday citing an emailed statement. The latest round of cuts would bring the total job cuts this year to at least 5,000 globally. In the U.K. and Ireland, the company plans to reduce staff working in exploration and production by 475.
German business confidence strengthened more-than-expected to a 5-month high in May as companies were more satisfied with their current situation and turned noticeably optimistic regarding months ahead despite "Brexit" fears, results of a key survey showed Wednesday. Consumer morale is set to strengthen in June as the economy is expected to grow over coming months, a separate survey revealed.
Tiffany & Co. (TIF) reported first-quarter net earnings of $87 million, or $0.69 per share compared to $105 million, or $0.81 per share, in the prior year. The company noted that its first-quarter results included a tax benefit of $0.05 per share related to the settlement of a tax examination. On average,...
U.S. stocks are set to open higher on Wednesday amid cautious optimism about the economy. Commodities such as copper and oil are trading higher as the dollar index eased a little bit after hitting a two-month high yesterday in the wake of robust U.S. housing data.
Most Asian shares rallied and European...
European stocks hit a fresh four-week high on Wednesday, as Eurozone finance ministers cleared the way for fresh loans for Greece and investors grew more optimistic that the U.S. economy is strong enough to withstand higher interest rates.
Better-than-expected consumer and business confidence figures...
Shares of Marks & Spencer Group plc were losing around 8 percent in the early morning trading in London, after the retailer reported lower profit in its fiscal 2016, hurt mainly by weak results at clothing & Home segment and lower UK LFL sales. Looking ahead, the company warned about profit, and said it sees a similar sales trend in fiscal 2017.
Greece's creditors agreed early Wednesday to release the next tranche of bailout funds and allowed debt relief after the International Monetary Fund relaxed its tough stance. After the meeting in Brussels on Tuesday, Eurozone finance ministers welcomed the accord reached between Greece and the institutions that paved the way for the disbursement of EUR 10.3 billion bailout fund.