While stocks moved sharply higher at the start of trading on Friday, buying interest waned not long after the open. The major averages subsequently pulled back well off their highs for the session but managed to close in positive territory.
U.S. crude oil ended higher for a second straight session Friday, as China moved to prop up its sagging economy with an unexpected interest rate cut and on comments by European Central Bank President Mario Draghi on additional stimulus, notwithstanding a strong dollar.
The People's Bank of China today...
Gold futures snapped a two-day loss to end higher on Friday, after China's central bank unexpectedly slashed its key interest rates for the first time in more than two years in a bid to boost sagging growth momentum.
Nevertheless, a strong dollar and rising global equity markets amid expectations...
On the heels of President Barack Obama's controversial decision to take executive action on immigration, House Republicans have filed a lawsuit over the president's unilateral actions on the healthcare reform law known as Obamacare.
After moving sharply higher at the start of trading on Friday, stocks have given back some ground over the course of the session. The major averages have pulled back well off their highs for the session but remain in positive territory.
Massachusetts Sen. Elizabeth Warren, D-Mass., has repeatedly stated she does intend to run for the Democratic presidential nomination in 2016, but the results of a new Democracy for America poll suggest she is the clear choice among progressives.
This apparel maker has doubled its earnings per share in just two years and increased its annual earnings forecast from time to time, despite a challenging consumer spending environment. Contributions from acquisitions, efficiency gains from self-owned global supply chain and benefits from 'Innovate-to-Elevate' strategy continue to boost the company's results.
With traders expressing optimism about overseas stimulus, stocks moved sharply higher at the start of trading on Friday. The Dow and the S&P 500 jumped to new record highs, although buying interest has waned since the open.
German auto giant Volkswagen AG said Friday that it will invest 85.6 billion euros, or about $106 billion, in new models, environmentally friendly technologies and production facilities over the next five years. Volkswagen noted that more than half of the investments, or about 56 percent, will be in property, plant and equipment in Germany.
Fifteen people have been arrested in an international operation across Europe targeting users of software designed to remotely hijack and steal information from computers. Five of them were arrested in the UK while the other arrests were made in Estonia, France, Romania, Latvia, Italy, and Norway. Coordinated through Europol, raids were carried out over several days focused on the threat posed by
Stocks are likely to show a strong move to the upside at the start of trading on Friday, adding to the gains posted in the previous session. The major index futures are currently pointing to a sharply higher open for the markets, with the Dow futures up by 145 points.
Athletic apparel and footwear retailer Foot Locker, Inc. Friday reported a 15 percent increase in profit for the third quarter from last year, reflecting higher sales and improved margins. Sales at established stores grew 6.9 percent. Both adjusted earnings per share and sales topped analysts' expectations.
Early indications suggest that Wall Street stocks may open sharply higher on Friday, as traders cling onto their optimism. Asian stocks closed mostly higher earlier in the global trading day, while the European markets are also seeing significant strength following European Central Bank President Mario...
The FDA is warning consumers not to use "Feng Shi Ling," a product promoted and sold as an herbal medication for arthritic pain associated with rheumatoid arthritis and osteoporosis, as it has been found to contain undeclared drug ingredients.
Here is a quick summary of the earnings reported after the bell on Nov 20.
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