Warren Buffett's Berkshire Hathaway reported a sharp increase in second-quarter profit, aided by investment gains as well as earnings from its railroad, utilities, manufacturing and retail businesses.
While selling pressure was relatively subdued compared to the previous session, stocks moved mostly lower during trading on Friday. The losses on the day extended yesterday's sell-off, with the Dow and the S&P 500 falling to two-month closing lows.
A day after being forced to scrap a vote on a bill to address the crisis along the U.S.-Mexico border, House Republican leaders are trying to craft new legislation that will appease their more conservative colleagues.
U.S. crude oil pared much of the losses but still ended lower for a fifth straight session Friday, on demand growth concerns after some disappointing economic data from the U.S. with employment rising less than expected in July, even as unemployment increased.
Nonetheless, with employment in the U.S....
Lawmakers are leaving town for the August recess with a lot still on their plates, but the Senate did manage to pass legislation to reform the Veterans Affairs Department and provide continued highway funding on Thursday.
Gold futures snapped a three-day loss to ended higher on Friday, after a slew of economic data from the U.S. with the jobs report indicating some softness in employment that rose less than expected in July while unemployment increased.
The precious metal found support following a sell-off in global...
Shortly after stepping down as House Majority Leader, Rep. Eric Cantor, R-Virg., revealed that he intends to resign from Congress rather than wait for his current term to expire.
Major automakers on Friday reported strong U.S. vehicle sales for the month of July, helped by a rebounding economy, rising consumer confidence and widely available credit. General Motors Co. (GM) and Ford Motor Co. (F) reported 9.4% and 9.6% rise in U.S. vehicles sales, respectively, while Chrysler Group LLC and Toyota Motor Corp. (TM) reported 20% and 11.6% growths, respectively.
After initially showing a lack of direction, stocks have moved notably lower over the course of the trading day on Friday. The pullback on the day is extending the sharp drop seen in the previous session, with the Dow and the S&P 500 falling to two-month lows.
With spending on public construction showing a substantial decrease, the Commerce Department released a report on Friday showing that U.S. construction spending unexpectedly saw a sharp drop in the month of June.
Activity in the U.S. manufacturing sector expanded at a notably faster rate in the month of July, according to a report released by the Institute for Supply Management on Friday, with the index of activity in the sector climbing to a three-year high.
Consumer sentiment in the U.S. deteriorated by less than previously estimated in the month of July, according to a report released by Thomson Reuters and the University of Michigan on Friday.
After moving sharply lower over the course of the previous session, stocks are showing a lack of direction in early trading on Friday. The major averages have been bouncing back and forth across the unchanged line, unable to sustain any significant moves.
Consumer products company Clorox Co. on Friday reported a 7 percent decline in profit for the fourth quarter from last year, reflecting the impact of unfavorable foreign currency exchange rates and higher costs. Both revenue and earnings per share for the quarter missed analysts' expectations. However, the company affirmed its financial outlook for fiscal 2015.
Personal income and spending in the U.S. both increased in line with economist estimates in the month of June, according to a report released by the Commerce Department on Friday.