U.S.

Stocks surge as retail sales offset oil rise

IBTimes Logo
Stocks rallied on Thursday and drove the Dow to a record high after Wal-Mart reported better sales, allowing investors to put aside worries over costlier oil and cheaper housing.

Indexes gain on earnings optimism; Yum up late

IBTimes Logo
Stocks rose on Wednesday as a scarcity of profit warnings fueled optimism over the corporate reporting season, enabling the market to regain its footing after a sharp drop the previous session.
More news
IBTimes Logo

Stocks may rise as earnings season starts

U.S. stocks could rise this week if the first wave of quarterly earnings inject optimism about results for the period and on economic growth that has surprised on the upside.
IBTimes Logo

Strong jobs growth bodes well for economy

Employers added 132,000 jobs in June and payrolls rose more strongly than previously thought in April and May, according to a Labor Department report that underlined a strengthening job market.
IBTimes Logo

Europe heads to beach, America heads to work

As Europe's workers take a few weeks of holiday this summer, their American colleagues will be lucky to get a few days off work, says a report published by the European Trade Union Institute.
IBTimes Logo

U.S. groups present divided view of South Korea pact

U.S. businesses painted dramatically different portraits of a new trade deal with South Korea on Wednesday, some touting lucrative sales opportunities and others charging the Bush administration had brought home an abominable deal for U.S. workers.
IBTimes Logo

Futures point higher on Intel, CPI looms

U.S. stock futures pointed to a flat to slightly higher open on Friday, with technology shares likely to underpin gains after a broker upgrade of Intel Corp. , but investors were cautious ahead of key inflation data.
IBTimes Logo

US Air close on Boeing vs Airbus decision: CFO

US Airways Group may reach a decision this month on whether to proceed with an order for 20 Airbus wide-body planes or switch to Boeing Co. aircraft, the carrier's chief financial officer said on Wednesday
IBTimes Logo

Retail sales jump 1.4 pct in May

Sales by retailers rebounded by a stronger-than-expected 1.4 percent in May as consumers shrugged off higher gasoline prices and increased spending on cars, clothing and building materials, a Commerce Department report showed on Wednesday.
IBTimes Logo

Tesco profit tops forecasts

Tesco topped analysts' average forecast with a 12.5 percent rise in underlying first half profit on Tuesday and said its plans to expand in non food and the United States were on track.
IBTimes Logo

Housing bashes lumber price despite U.S.-Canada deal

Lumber prices have lost a third of their value since January amid a cooling U.S. housing sector, and a softwood trade deal between the United States and Canada won't stem the slide soon because implementation may be delayed.
IBTimes Logo

US GDP growth eases on housing slowdown

A cooling housing market helped slow US economic growth in the second quarter more than earlier estimated, the government reported on Thursday, and may curb expansion for the rest of the year.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.