With traders reacting negatively to the Labor Department's monthly jobs report, stocks moved sharply lower over the course of the trading day on Friday. The significant pullback on the day more than offset the modest gains posted in the previous session.
U.S. crude oil ended lower on Friday, as the dollar continued to strengthen against a basket of select currencies after some upbeat economic data from the U.S. showed unemployment rate to have declined more than expected.
For the week, oil futures she about 0.3 percent.
A Labor Department report...
Gold futures plunged to end lower for a fifth straight session on Friday, with the dollar racing toward parity against the euro and on some robust U.S. jobs growth cemented expectations the Federal Reserve will hike interest rates mid-year. Gold closed at its lowest for the year.
For the week, gold...
An octopus, tired of being photographed, tried its hand at photography. Filmmaker and digital media producer Benjamin Savard was making a video on octopuses for the science department at Middlebury College in Vermont when an octopus grabbed the camera and took few snaps of Savard.
"I tried to get...
Volkswagen is rolling out a lower-priced version of the fully-electric 2015 Volkswagen e-Golf, following a trend towards price cuts on all-electric vehicles.
The 2015 e-Golf Limited Edition will go on sale at participating dealerships with a starting price of $33,450, which is nearly $2,000 less...
The drought crisis in California will not abate any time soon despite the onset of a somewhat weak El Nino, endangering crops and putting farmers and others to hardship.
German auto giant BMW has refuted reports it is in discussion with tech giant Apple Inc. (AAPL) related to the making of an electric car.
BMW has clarified that its discussion with Apple was not related to building an electric car but were "regular talks," according to a report from Reuters.
After coming under pressure in early trading on Friday, stocks have seen some further downside over the course of the trading day. The losses on the day have more than offset the modest gains posted in the previous session.
Adoption of self-driving cars could save up to $190 billion annually in damages and hospital bills as well as drastically reduce auto accidents in the U.S., according to a new study.
The study-- "Autonomous Driving -- 10 Ways in Which Autonomous Vehicles Could Reshape Our Lives"-- conducted by McKinsey...
Stocks have moved mostly lower in early trading on Friday, largely offsetting the modest strength seen in the previous session. The major averages have all slid into negative territory, although selling pressure has waned since the open.
Hong-Kong-based luxury hotel chain Mandarin Oriental Hotel Group confirmed Friday that the credit card network at some of its hotels in the U.S. and Europe were hacked and card data has been stolen. The group said the data has been accessed without authorization and in violation of both civil and criminal law.
After many years on the outside, tech giant Apple Inc. (AAPL) will finally be added to the Dow Jones Industrial Average, S&P Dow Jones Indices announced on Friday. Apple, the maker of the iPhone and iPad, will replace telecom giant AT&T Inc. (T) in the well-known stock market index.
With a strong portfolio of unrivaled brands, and an innovative pipeline to address changing consumer preferences, this food and beverage giant is striving to improve its operational strategy and product quality to avoid costly executional missteps and recalls that held back its productivity in the past year.
The Federal Reserve announced on Thursday that all of the thirty one largest banking institutions in the U.S. have passed the annual supervisory stress test, reflecting continued broad improvement in their capital positions since the financial crisis in 2008. These also included U.S. subsidiaries of large foreign banks.
A spurt in unauthorized purchase on Apple Pay is suspected to be using stolen card data from major retailers, WSJ reported. Apple Pay uses tap of a mobile phone, that are directly connected to the bank accounts, to make payments.