Stocks have moved mostly lower over the course of morning trading on Thursday, partly offsetting the strong gains posted in the previous session. The major averages have all moved to the downside, with the tech-heavy Nasdaq leading the way lower.
With inventory constraints continuing to hold back prospective buyers, the National Association of Realtors released a report on Thursday showing a steep drop in U.S. pending home sales in the month of January.
The Australian government has passed the newly amended Media Bargaining Code in the parliament which requires technology giants Facebook and Google to pay for local Australian news content that is shared on their platforms.
Revised data released by the Commerce Department on Thursday showed U.S. gross domestic product jumped by slightly more than originally estimated in the fourth quarter of 2020. The Commerce Department said GDP surged up by 4.1 percent in the fourth quarter compared to the previously reported 4.0 percent spike.
New orders for U.S. manufactured durable goods spiked by much more than expected in the month of January, according to a report released by the Commerce Department on Thursday. The report said durable goods orders soared by 3.4 percent in January after jumping by an upwardly revised 1.2 percent in December.
NASA is seeking proposals from U.S. companies for ground and flight demonstrations of integrated megawatt-class powertrain systems to design and develop subsonic aircraft that help reduce aviation emissions and invigorate the U.S. economy. The US space agency said it plans to build hybrid aircraft using integrated Electrified Aircraft Propulsion (EAP) technologies and associated EAP vision syste
A report released by the Labor Department on Thursday showed a steep drop in first-time claims for U.S. unemployment benefits in the week ended February 20th. The Labor Department said initial jobless claims tumbled to 730,000, a decrease of 111,000 from the previous week's revised level of 841,000.
Following the rally seen over the course of the previous session, U.S. stock futures are pointing to a mixed open for the markets on Thursday. The Dow futures have edged up by 27 points, while the Nasdaq futures are down by 97.25 points.
Moderna Inc. (MRNA) Thursday reported a fourth-quarter net loss that widened from last year. But quarterly revenues surged from the previous year, driven by increases in grant revenue and product sales. The company raised its 2021 COVID-19 vaccine manufacturing plan.
Initial Jobless Claims, Durable Goods Orders, Pending Home Sales, and a slew of other economic announcements are the major attraction on Thursday.
The U.S. stimulus bill is expected to be presented on the House floor for a vote tomorrow.
Asian shares finished higher, while European shares are...
Medtronic plc has recalled unused Medtronic Valiant Navion thoracic stent graft system globally, according to the U.S. Food and Drug Administration. The Irish medical technology company also informed physicians to immediately cease use of the device until further notice.
Eurozone economic confidence improved to a one-year high in February on rising sentiment in industry, services and among consumers, reflecting the easing of strict restrictions related to Covid-19 pandemic, survey results from the European Commission revealed on Thursday. The economic sentiment index rose more-than-expected to 93.4 from 91.5 in the previous month.
Shares of Standard Chartered Plc were losing around 5 percent in the morning trade in London after the banking major reported Thursday a loss in its fourth quarter, compared to prior year's profit, with weak net interest income. Going ahead, the company projects weak income in the first half and flat income for fiscal 2021.
The daily death toll from coronavirus infection in the United States returned to the 3000-plus level after a gap of 10 days. With 3230 new deaths reporting in the last 24 hours, the total U.S. COVID-19 fatalities rose to 505890, as per Johns Hopkins University's latest data.
73392 new cases of coronavirus infections were reported in the country in the same period, taking the national total to 2
European stocks eked out modest gains on Thursday as dovish testimony from Fed Chair Jerome Powell eased concerns about inflation.
Promising new data on Johnson & Johnson's coronavirus vaccine also boosted hopes for a faster economic recovery.
The pan European Stoxx 600 edged up 0.2 percent to...