U.S. crude oil ended lower on Friday, as investors mulled over the possibility of the U.S. Federal Reserve tapering its $85 billion monthly bond-buying program at its upcoming meeting scheduled next week. The possibility of excess supply was also a dampener to oil prices following reports of an increase...
Gold futures snapped a two-day loss to end higher Friday after recording a hefty loss yesterday, notwithstanding the prospect of a taper down by the U.S. Federal Reserve of its quantitative easing program following the policy review meet next week.
However, gold futures gained 0.5 percent for the...
Tea Party favorite Sen. Ted Cruz (R-Tex.) is going to seek the Republican presidential nomination in 2016, a fellow lawmaker told CNN.
Rep. Elijah Cummings (D-Mary.) was with Cruz this week at the Nelson Mandela memorial service. On the long flight to South Africa, Cummings pressed Cruz about rumors...
After failing to sustain an initial upward move, stocks have shown a lack of direction over the course of the trading day on Friday. Uncertainty about the outlook for the Federal Reserve's stimulus program is contributing to the choppy trading. The major averages have bounced back and forth across the unchanged line and are currently posting modest gains.
Stocks have moved modestly higher in early trading on Friday, regaining some ground after trending lower over the past few sessions. The major averages have all moved to the upside, although buying interest has remained subdued. The major averages have pulled back off their highs for the young session but are currently clinging to slim gains.
With energy prices continuing to fall following a steep drop in the previous month, the Labor Department released a report on Friday showing a modest decrease in producer prices in the month of November. The Labor Department said its producer price index edged down by 0.1 percent in November following a 0.2 percent drop in October. The modest decrease matched economist estimates.
Mobile chip maker Qualcomm Inc. said Friday that it's board of directors has promoted President and Chief Operating Officer Steve Mollenkopf to Chief Executive Officer-elect of the company and also appointed him to its board. He succeeds Paul Jacobs, who will assume the role of executive chairman, helping guide development of new technology and Qualcomm's long-term opportunities.
After trending lower over the past few sessions, stocks are likely to regain some ground in early trading on Friday. The major index futures are currently pointing to a modestly higher open for the markets, with the Dow futures up by 22 points.
Wall Street is looking at snapping its 3-day losing streak, as reflected by the trading in the U.S. index futures, which points to a higher opening on Friday. Earlier in the global trading day, Asian stocks ended mixed, while the European markets are also seeing mixed sentiment. Although the recent losses...
Age is not measured by years. Some people are born old and tired while others are going strong at seventy, said Dorothy Thompson, an American journalist. But according to the United Nations standard numerical criterion, people aged 60 years or more are considered "old". Now, a new study is attempting to redefine age.
European stocks are seen opening lower on Friday, although the downside may be capped following three days of losses.
The Asian markets pared early losses, with Japanese shares leading the recovery, as the yen weakened to its lowest level since 2008 against the dollar amid speculation the U.S. Federal...
Insys Therapeutics Inc. (INSY) plunged more than 20 percent to $35.87 in extended trading on Thursday after the company announced that its sales and marketing practices relating to Subsys will be probed by the Office of Inspector General of the Department of Health and Human Services.
A bipartisan budget bill to keep the U.S. government operating for the next two fiscal years was approved Thursday evening by the House of Representatives. The vote was 332 to 94 in favor of the budget plan, which was announced Tuesday by Rep. Paul Ryan, R-Wis., and Senator Patty Murray, D-Wash.
Publishing and design software maker Adobe Systems Inc. said Thursday after the markets closed that its fourth quarter profit dropped 71% from last year, as revenue declined but costs and expenses rose. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue beat analysts' forecast.
Stocks moved mostly lower during trading on Thursday, adding to the steep losses posted in the previous session. Worries about the Federal Reserve scaling back its stimulus program in the near future continued to weigh on the markets. The major averages all ended the day in the red, although the Nasdaq posted a relatively modest loss.