Oil edges up to near two year highs as market tightens Oil edges up to near two year highs as market tightens: Brent crude LCOc1 settled up 13 cents, or 0.2 percent, at $60.62 per barrel. The benchmark hit $61.70 on Wednesday, its highest intraday level since July 2015. The […]
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Stocks hit high on data earnings Fed keeps rates steady Stocks hit high on data earnings Fed keeps rates steady: The Federal Reserve kept rates unchanged on Wednesday and pointed to solid U.S. economic growth and a strengthening labor market while downplaying the impact of recent hurricanes, a sign it […]
Wall St. ends strong October higher as tech staples lead Wall St. ends strong October higher as tech staples lead: A jump in shares of consumer companies Mondelez and Kellogg after their quarterly reports on Tuesday, along with further gains for tech stocks, helped Wall Street end October on a […]
China-backed buyout fund founder charged in U.S. insider trading case China-backed buyout fund founder charged in U.S. insider trading case: The founder of a private equity firm with Chinese state backing has been charged with insider trading related to the attempted acquisition of Lattice Semiconductor Corp (LSCC.O), U.S. authorities said […]
Targets new changes could boost stock Barrons Targets new changes could boost stock Barrons: The Minneapolis-based discount chain has been making strides to better compete with Amazon.com Inc (AMZN.O), boosting online sales to 4.4 percent of revenue in the latest fiscal year, up from 2.8 percent in fiscal 2016, Barron’s […]
Exxon third-quarter profit beats expectations despite Harvey Dent Exxons third-quarter profit beats expectations despite Harvey dent: Exxon Mobil Corp (XOM.N), the world’s largest publicly traded oil producer, posted a higher-than-expected quarterly profit on Friday as higher crude and natural gas prices more than offset the effects of a major hurricane on […]
Wall St. powered higher by tech Amazon results Wall St. powered higher by tech, Amazon results: The S&P technology index led the way higher, up 2.91 percent. The index notched its best day since March 1, 2016, and is up nearly 35 percent on the year versus the 15 percent […]
U.S. economy likely slowed by hurricanes in third quarter U.S. economy likely slowed by hurricanes in third quarter: U.S. economic growth probably slowed in the third quarter as hurricanes Harvey and Irma restrained consumer spending and undercut construction activity, but underlying momentum likely remained strong amid robust business investment on […]
Cloud computing drives massive growth for big U.S. tech firms Cloud computing drives massive growth for big U.S. tech firms: All four companies posted stellar quarterly earnings on Thursday, showing the strength of the shift in corporate computing away from company-owned data centers and to the cloud. Microsoft’s Azure business […]
U.S. new home sales race to nearly 10-year high in September The Commerce Department said on Wednesday new home sales surged 18.9 percent to a seasonally adjusted annual rate of 667,000 units last month amid an increase in all four regions. That was the highest level since October 2007 and […]
