It is impossible to imagine a life without internet as it has become an important feature in almost every aspect of daily life. Internet routinely keeps people up-to-date on news and sports, and enable them stay connected with family and friends, for shopping and banking, and many other needs. However,...
Stocks have shown a significant rebound over the course of the trading day on Thursday after coming under pressure early in the session. The major averages have climbed well off their worst levels of the day, with the Nasdaq peeking into positive territory.
The car icons that are seen hovering in the vicinity of a passenger's pick-up location while opening the Uber passenger app might be fake, according to a research from think-tank Data & Society.
Critics claim Donald Trump is not a serious candidate for president, but the results of a new Quinnipiac University Poll are the latest to show the real estate mogul leading in the race for the Republican nomination.
Automaker Fiat Chrysler Automobiles NV reported Thursday a profit for the second quarter that surged 69 percent from last year, reflecting which included hefty gains from divestiture. Quarterly net revenues also grew 25 percent, and worldwide shipments edged up 1 percent from last year. The company maintained its earnings guidance for full-year 2015, while boosting annual revenue outlook.
Healthcare provider Cardinal Health, Inc. on Thursday reported a 26 percent increase in profit for the fourth quarter from last year, reflecting higher revenues at both its pharmaceutical and medical segments. Both revenue and adjusted earnings per share for the quarter beat analysts' estimates. Looking ahead, the company raised the lower end of its earnings outlook for fiscal 2016.
After initially coming under pressure, stocks have regained some ground over the course of the early trading on Thursday. The major averages have climbed well off their lows for the young session but remain in negative territory.
Consumer goods giant Procter & Gamble Co. reported Thursday a profit for the fourth quarter that plunged 80 percent from last year, hurt by significant one-time Venezuela charge. Stripping down the charge, core earnings per share topped analysts' expectations, while quarterly sales missed their estimates.
Time Warner Cable Inc. on Thursday reported a 7 percent decline in profit for the second quarter from last year as higher revenues were more than offset by an increase in expenses, including programming costs. Both revenue and adjusted earnings per share for the quarter missed analysts' estimates.
Health insurer Cigna Corp., which is being acquired by larger peer Anthem, Inc., reported Thursday a profit for the second quarter that grew three percent from last year, driven by contributions across its diversified portfolio of businesses amid improved premiums and fees. Global medical customers and policies also improved. Adjusted earnings per share topped analysts' expectations.
Economic activity in the U.S. increased by less than expected in the second quarter, the Commerce Department revealed in a report on Thursday, although the report also showed a notable upward revision to the data for the first quarter.
First-time claims for U.S. unemployment benefits rebounded in the week ended July 25th, according to a report released by the Labor Department on Thursday, with claims bouncing off the more than forty-year low set in the previous week.
Energy firm ConocoPhillips (COP) Thursday reported a loss for its second quarter, compared to a profit last year, as a decline in oil and gas prices affected nearly all companies in the sector. Further, the company lowered its full year capital expenditures guidance.
After moving notably higher over the course of the two previous sessions, stocks may move back to the downside in early trading on Thursday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 43 points.
German unemployment increased unexpectedly in July and inflation slowed to a 5-month low on a sharp fall in energy prices, official data showed Thursday. The number of unemployed increased by 9,000 in July after rising 1,000 in June, the Federal Labor Agency said. It was forecast to fall by 5,000.