With an increase in orders for transportation equipment offset by decreases in orders for other manufactured goods, the Commerce Department released a report on Wednesday showing that new orders for U.S. manufactured durable goods came in flat in August.
The Commerce Department said durable goods...
Stocks may show a lack of direction in early trading on Wednesday following the notable rebound seen in the previous session. The major index futures are currently pointing to a roughly flat open for the markets, with the Dow futures up by just 7 points.
European stocks rose on Wednesday, as banks rebounded from recent losses and oil prices stabilized after tumbling around 3 percent overnight following comments by Saudi Arabia and Iran.
Regional economic reports painted a mixed picture, with the GfK research group's forward-looking consumer sentiment...
More monetary policy easing will be required at some point in the U.K. to avoid the economic slowdown to become more pernicious in the wake of EU referendum, Bank of England Deputy Governor Minouche Shafik said Wednesday. In a speech, text of which was put on the BoE website, Shafik said the likely timing of stimulus will depend on the continued evolution of the data.
The major U.S. index futures are pointing to a lower opening on Wednesday. The market is awaiting the monthly durable goods orders data and a slew of Fed speeches, including Fed Chair Janet Yellen's testimony before the House Financial Services Committee. ECB President Mario Draghi will address the German parliament today.
Wells Fargo's two former employees have filed a lawsuit against the bank, seeking $2.6 billion, on behalf of employees affected amid the unauthorized accounts scandal. The plaintiffs are seeking class-action status for the lawsuit. Former employees Alexander Polonsky and Brian Zaghi accuse Wells Fargo of wrongful termination.
The U.K. economy is currently experiencing a period of uncertainty and adjustment following the Britons' surprise vote in June to leave the European Union, but the longer term prospects are positive, Bank of England Governor Mark Carney said in an interview published Wednesday.
Tech entrepreneur Elon Musk unveiled plans for his space transport company SpaceX to build a rocket and spacecraft designed to start a self-sustaining city on Mars. The planned rocket system would be capable of taking people to Mars and supporting a permanent city on the red planet that could be achieved within 40 to 100 years.
Shares of Galectin Therapeutics Inc. were down nearly 50% in extended trading on Tuesday as its phase IIa trial of GR-MD-02 in nonalcoholic steatohepatitis patients with advanced fibrosis failed to meet the study goals.
European stocks are seen opening flat to slightly higher on Wednesday, after gains in consumer and technology stocks helped major U.S. indexes snap a two-day losing streak overnight.
Asian shares traded mostly lower this morning, with Japan's Nikkei index falling about 1.5 percent to lead regional...
Amazon.com Inc. is launching free same-day delivery for its Prime members in Toronto and Vancouver as the busy holiday shopping season is fast approaching.
Starting Tuesday, the online retailer will offer free same-day deliveries on orders over $25 of one million items in Toronto and 700,000 items in Vancouver. These items ranges from everyday household goods to toys, electronics and luggage.
Jose Cuervo, one of the world's largest Tequila producer, has filed for an initial public offering.
According to the filing, Cuervo has not disclosed its financial expectations from the IPO, however, reports suggest the company might be seeking to raise as much as $1 billion.
The company, controlled...
Nike Inc. (NKE), the world's largest athletic shoes and apparel maker, Tuesday said its first-quarter profit rose 6 percent from a year ago, driven largely by higher revenues. Shares of the company slipped over 6 percent in the after-hours trading, hurt by weak futures orders.
Scandinavian Airlines will begin its service from Miami this week with services to Copenhagen and Oslo.
SAS will fly three-times per week between Miami and Copenhagen and four-times per week to Oslo from Miami. The Miami-Copenhagen flights will be offered on Wednesdays, Fridays and Sundays, while...
After fluctuating early in the session, stocks moved notably higher over the course of the trading day on Tuesday. With the upward move on the day, the major averages largely offset the losses posted in the previous session.