British construction sector sustained its robust growth in August, albeit at a slower pace, with continued boost from the housing sector and new impetus from the commercial sector. The seasonally adjusted Markit/CIPS UK Construction Purchasing Managers' Index rose to 57.3 from 57.1 in July, survey results from the Chartered Institute of Procurement and Supply and Markit Economics revealed.
Wall Street seems to be on damage control mode on Wednesday after declining sharply in the previous session on the back of China growth worries. Earlier in the global trading day, Asian stocks closed mostly lower, while the European markets have turned lower after some early strength. The domestic markets...
Recent volatility in global financial markets demonstrated how much Asia is at the core of the global economy and there is reason for continued confidence in the region as the region's governments fully understand from past experience how to tackle such problems, International Monetary Fund Managing Director Christine Lagarde said Wednesday.
Here is a quick summary of the earnings reported after the bell on Sept. 1
LifeVantage Corporation (LFVN)
Net income for the fourth quarter was $0.2 million, or $0.00 per share vs. net income of $2.4 million, or $0.02 per share a year ago.
Q4 Revenue was $45.3 million vs. $56.0 million for...
The FDA has issued warning letters to five distributors of pure powdered caffeine - (1) SPN LLC dba Smartpowders, (2) Purebulk Inc., (3) Kreativ Health Inc. dba Natural Food Supplements, (4) Hard Eight Nutrition LLC and (5) Bridge City Bulk - Bridge City LLC., whose products are sold as dietary supplements.
The European markets are poised to open higher on Wednesday as investors look past recent turmoil. In yet another wild day, Chinese stocks steadied today after a number of Chinese brokerages said that they would increase the size of their proprietary stock trading to prop up markets.
Yahoo! Inc.'s Chief Executive Officer Marissa Mayer revealed Tuesday that she is pregnant with identical twin girls, likely to arrive in December. However, Mayer said she would take limited time away and will work throughout at the company, which is in the midst of a turnaround.
Nevro Corp. has submitted its preliminary response to the Patent Trial and Appeals Board, or PTAB, in response to two petitions for inter partes review filed by a unit of Boston Scientific Corp., challenging the validity of Nevro's patent no. 8,359,102. A decision by the PTAB to either institute or deny review of the petition is expected by December 1st, 2015.
H&R Block reported a smaller loss for the first quarter, driven by a four percent increase in revenues, partly offset by foreign currency fluctuations. The company announced a $3.5 billion stock buyback, and its shares gained 7% in after-hours trade...
Stocks saw substantial weakness during trading on Tuesday, adding to the loss posted in the previous session. With the drop on the day, the major averages further offset the recovery rally that was seen last week.
U.S. crude oil plunged to end sharply lower on Tuesday, surrendering most of the massive gains made yesterday on concerns over demand growth outlook, after some disappointing economic data from China.
Crude oil prices turned lower after a stunning rally over the previous few sessions.
Talk of discord...
About nine-tenths of the world's sea birds are likely to have consumed pieces of plastic which continue to remain in their guts, a study shows.
Automakers reported some mixed U.S. sales for August, marked by fewer working days and a delayed Labor Day, even as the month was largely bullish, spurred by lower interest rates, cheaper gas, and some strong employment data that buoyed consumer confidence.
Gold futures rebounded to end higher on Tuesday, with investors seeking the safe haven appeal of the metal after some some disappointing economic data from the China and the U.S. The sharp sell-off in global equity markets, also prompted investors to turn to the precious metal.
Global equity markets...
Continuing the recent wild ride by the markets, stocks have moved sharply lower in early trading on Tuesday. The major averages have dropped firmly into negative territory, further offsetting the recovery rally that was seen last week.