Billionaire Warren Buffett's Berkshire Hathaway Inc. (BRKa) reported that its fourth quarter profit improved nearly 15 percent from the year-ago quarter. Meanwhile, the company's operating earnings declined from the previous year period. Net earnings attributable to Berkshire shareholders improved nearly 15 percent to $6.286 billion from the year-ago quarter's $5.48 billion.
Cempra Inc.'s oral Fusidic acid has met the primary endpoint in a phase III study of ABSSSI.
After seeing modest weakness throughout much of the session, stocks showed a notable upward move going into the close of trading on Friday. The major averages climbed into positive territory, with the Dow extending its winning streak to eleven sessions and reaching a new record closing high.
President Donald Trump signed an executive order on Friday continuing his efforts to eliminate government regulations he believes are killing jobs and driving companies out of the country. The executive order directs each federal agency to establish a task force to identify unnecessary regulations.
Continuing his assault on the press, President Donald Trump on Friday accused the media of making up sources in order to report false stories about his administration. Trump told the crowd at the annual Conservative Political Action Conference that "fake news" is the enemy of the people, reiterating a recent claim.
While selling pressure has remained subdued, stocks continue to see modest weakness in mid-day trading on Friday. The drop on the day comes after the major averages closed on opposite sides of the unchanged line for two straight sessions.
President Donald Trump has called the North American Free Trade Agreement the "worst trade deal in history," but a new Gallup poll found that Americans are split on whether the deal has been good or bad for the U.S. The poll found that 48 percent of Americans think NAFTA has been good for the U.S., while 46 percent think it has been bad for the country.
Stocks are seeing modest weakness in morning trading on Friday, although selling pressure has remained relatively subdued. The major averages have all moved to the downside after closing mixed in the two previous sessions.
Life expectancy at birth in the U.S. is already lower than most other developed nations and is now projected to fall further behind by 2030, according to a new study. It also suggests that by 2030, national female life expectancy in South Korea could break the 90 year barrier.
Consumer sentiment in the U.S. pulled back by less than initially estimated in the month of February, according to a report released by the University of Michigan on Friday. The report said the consumer sentiment index for February was upwardly revised to 96.3 from a preliminary reading of 95.7.
After reporting a steep drop in U.S. new home sales in the previous month, the Commerce Department released a report on Friday showing that new home sales rebounded in the month of January. The report said new home sales climbed by 3.7 percent to an annual rate of 555,000.
President Donald Trump lashed out at the FBI on Friday over its inability to prevent leaks of classified information following media reports of contact between the White House and the law enforcement agency. Trump suggested that the ongoing leaks that have plagued his new administration represent a threat to national security.
In stark contrast to the growing number of advocates in favor of universal basic income or UBI, business mogul Mark Cuban has said that adoption of such a policy would be the worst possible response to the impending job losses due to robots and artificial intelligence.
After closing mixed for two consecutive sessions, stocks may move to the downside in early trading on Friday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 78 points.
US President Donald Trump has vowed that he will ensure that the United States maintains its dominance among the world's nuclear powers.
The businessman-turned politician made his first comments on the sensitive issue since taking office in a Reuters interview Thursday.
Trump had said in a December...