Stocks continue to show a lack of direction in mid-day trading on Thursday, extending the lackluster performance seen over the past several sessions. Currently, the major averages are lingering just below the unchanged line.
The U.S. Department of Defense and Lockheed Martin Corp. are reportedly nearing a deal worth $9 billion for F-35 fighter planes.
President-elect Donald Trump had earlier heavily criticized the Pentagon for overspending on defense contracts. He had specifically noted the F-35 as an example on how Lockheed...
President-elect Donald Trump's nominee for Treasury Secretary Steven Mnuchin sought to defend his banking career in testimony before the Senate Finance Committee on Thursday. Mnuchin has received considerable criticism for his record as co-owner of OneWest Bank, which has been accused of unfair loan and foreclosure practices during the financial crisis.
After previously indicating he was leaning toward supporting Rex Tillerson's nomination as Secretary of State, Senator John McCain, R-Ariz., noted Wednesday evening he has not made up his mind about confirming the former head of ExxonMobil (XOM).
Stocks are turning in another lackluster performance in morning trading on Thursday after ending the previous session mixed. The major averages are once again bouncing back and forth across the unchanged line.
Eurozone inflation is being driven largely by energy costs and the recent pick up in momentum is unlikely to sustain, European Central Bank President Mario Draghi said Thursday, adding that policymakers will continue to look through transient changes. "There are no signs yet of a convincing upward trend in underlying inflation," Draghi said.
The stage is set for the inauguration of Donald J. Trump as the 45th President of the United States Friday, that will herald the beginning of a new era at the White House.
The President-elect will continue the tradition of meeting with outgoing President Barack Obama on the morning of the inauguration...
PowerBar has selected Olympic swimmer Ryan Lochte for its ad campaign to kick start the "Clean Start Pledge." The energy bar's ad campaign, which focuses on its newer line of "Clean Whey" protein bars, also encourages consumers to participate in sports and fitness exercises to improve their health. The Clean Start Pledge started on January 18.
Philadelphia-area manufacturing activity unexpectedly grew at a faster pace in the month of January, the Federal Reserve Bank of Philadelphia revealed in a report on Thursday. The Philly Fed said its index for current manufacturing activity in the region rose to 23.6 in January from a revised 19.7 in December.
After reporting a steep drop in new U.S. residential construction in the previous month, the Commerce Department released a report on Thursday showing that housing starts saw a significant rebound in the month of December. The Commerce Department said housing starts jumped by 11.3 percent to an annual rate of 1.226 million in December.
Comedian Jerry Seinfeld has signed a new production deal with Netflix Inc. that will make the online video streaming service the exclusive home for his new comedic projects. As part of Seinfeld's exclusive deal with Netflix, twenty four brand new episodes of "Comedians in Cars Getting Coffee" will being streaming exclusively on Netflix in installments in late 2017.
First-time claims for U.S. unemployment benefits unexpectedly declined in the week ended January 14th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 234,000, a decrease of 15,000 from the previous week's revised level of 249,000.
Following the choppy trading seen in the previous session, stocks may continue to show a lack of direction in early trading on Thursday. The major index futures are currently pointing to a slightly lower open for the markets, with the Dow futures down by 14 points.
The European Central Bank left its key interest rates unchanged for a seventh consecutive policy session and maintained its asset purchases, which will continue at a reduced pace till the end of this year, as the solid economic momentum is sustained in the euro area despite the continuing political flux.
The wax figure of President-Elect Donald Trump was unveiled at Madame Tussauds museum in London, two days ahead of his presidential Inauguration in Washington.
"The controversial Republican will now reside in our Oval Office section - next to fellow famous politicians and global icons also immortalised...