S&P 500 declines with transports oil extends recent rally S&P 500 declines with transports; oil extends recent rally: The S&P 500 ended lower following a drop in technology and transportation shares on Thursday, while oil prices extended their recent rally. The S&P 500, along with the Nasdaq, reversed gains […]
Asian shares pull back after U.S. techs knocked off highs Asian shares pull back after U.S. techs knocked off highs: Â Asian stock markets sagged on Friday after U.S. tech shares retreated from recent rallies, though optimism about U.S. corporate earnings and the global economy underpinned overall sentiment. MSCI’s broadest index […]
Chipotle links sick worker to latest Norovirus outbreak Chipotle links sick worker to latest Norovirus outbreak: Chipotle Mexican Grill Inc (CMG.N) is retraining kitchen crews on food safety and enforcing a zero-tolerance policy for employees refusing to abide by new rules, after identifying a sick employee as the cause of […]
Jobs lift U.S. consumer confidence to near 16-year high Jobs lift U.S. consumer confidence to near 16-year high: U.S consumer confidence jumped to a near 16-year high in July amid optimism over the labor market while house prices maintained their upward trend in May, which could boost consumer spending after […]
Caterpillar bulldozes expectations, raises 2017 forecast again Caterpillar bulldozes expectations, raises 2017 forecast again: Caterpillar Inc’s (CAT.N) results smashed expectations and the company raised its full-year forecast for the second time, underscoring strength across its businesses and a steady recovery in demand from China. Shares of the world’s largest construction […]
AT&T’s quarterly profit tops Wall Street estimates, shares rise AT&T’s quarterly profit tops Wall Street estimates, shares rise: AT&T Inc’s (T.N) quarterly profit topped Wall Street estimates on Tuesday as the No. 2 U.S. wireless carrier lowered operating costs and introduced new promotions bundling video with phone service that helped […]
U.S. home sales stumble as prices hit record high U.S. home sales stumble as prices hit record high: U.S. home resales fell more than expected in June as a dearth of properties amid strong demand pushed prices to a record high, keeping first-time buyers on the sidelines. The housing market […]
Dollar recovers from 13-month low on strong PMI readings Dollar recovers from 13-month low on strong PMI readings, Asia stocks tread water : The dollar held above a 13-month low on Tuesday after readings on U.S. factory and services activity beat expectations ahead of the start of a Federal Reserve […]
Australian regulator investigating Takata airbag recall after death Australian regulator investigating Takata airbag recall after death : Australia’s consumer watchdog said on Monday it was investigating the recall of Takata Corp (7312.T) vehicle airbags, a day after police said a man’s death in a Sydney car crash could be linked […]
IMF keeps global growth forecasts; China, eurozone revised higher IMF keeps global growth forecasts; China, eurozone revised higher: The International Monetary Fund on Monday kept its growth forecasts for the world economy unchanged for this year and next, although it slightly revised up growth expectations for the eurozone and China. […]
