U.S. stocks finished at fresh multi-year high on Thursday as improved corporate earnings and manufacturing data overshadowed a bigger than expected rise in the number of people applying for unemployment benefits.
U.S. stocks finished at fresh multi-year high on Thursday as improved corporate earnings and manufacturing data overshadowed a bigger than expected rise in the number of people applying for unemployment benefits.
The combination of population growth, advancement in technology, and bigger governments has produced the need and ability to construct ridiculously expensive infrastructure objects that cost tens of billions of dollars.
Core inflation, considered the key measure of US inflation, remains tame. However, it is the incorrect measure to look at in this time period and doesn't tell the whole story.
French oil major Total will reduce production of its Angolan crude grade Dalia in April for planned maintenance, trade sources said on Thursday.
Manufacturing activity in the Philadelphia area soared in February, climbing to its highest level since January 2004.
Shares of NetApp Inc. (Nasdaq: NTAP) are plunging after a series of brokerage downgrades on the data storage company.
China's main share index is not likely to rise much in the first half of 2011 because of worries over monetary tightening, but many sectors are now at attractive valuations, a fund manager at JPMorgan's JF China Fund said on Thursday.
Even as precious metal investors seem to be taken in by the superior performance of silver over gold, some analysts have raised the voice of caution, saying gold will soon outperform silver.
US stocks declined in early trade on Thursday after official data showed that weekly jobless claims unexpectedly rose last week while Consumer Price Index (CPI) climbed more than forecast in January.
The overall consumer price inflation in the U.S. rose 0.4 percent in January on a seasonally adjusted basis, the Bureau of Labor Statistics (BLS) said on Thursday. The rise in inflation was mainly driven by increases in energy, commodities and food prices, the report said.
U.S. core consumer prices rose at their quickest pace in more than a year in January, government data showed on Thursday, but the increase was not strong enough to suggest a build-up in inflation pressures.
The top pre-market NASDAQ stock market gainers are: Rubicon Technology, China XD Plastics, China MediaExpress Holdings, NutriSystem, and Drugstore.com. The top pre-market NASDAQ stock market losers are: Anadigics, NetApp, eHealth, EnerNOC, and NVIDIA.
The companies whose shares are moving in pre-market trade on Thursday are: Williams Companies, Cliffs Natural Resources, J.M. Smucker, El Paso, Nordstrom, Skechers, Netapp, Nvidia and Apple.
The UK factory orders rose in February as demand for exports from the country continued to improve. Manufacturers’ total order book balance in Britain rose to -8 in February from -16 in January, the Confederation of British Industry (CBI) survey showed on Thursday.
Emerging market equities, which have surprisingly underperformed so far this year, will bounce back and the total return from emerging equities will eclipse those from developed market equities in 2011, according to an analyst.
Asian stock markets mostly ended higher on Thursday as higher growth forecast for the U.S economy from the Federal Reserve and solid earnings reports buoyed sentiment.
The top after-market NASDAQ stock market gainers are: Rubicon Technology, Pinnacle Airlines, Hollysys Automation Technologies, Cray, and Inspire Pharmaceuticals. The top after-market NASDAQ stock market losers are: Itron, Columbia Laboratories, First Financial Northwest, Mattson Technology, and NetApp.
Foreign Direct Investment (FDI) in China rose in January despite concerns over market barriers and rising labor costs in the country.
The top after-market NYSE gainers on Wednesday are: Williams Companies, Ion Geophysical, Cliffs Natural Resources, Gerova Financial Group and Resolute Energy. The top after-market NYSE losers are: Skechers, Spectrum Brands Holdings, Oceaneering International, First Marblehead and K-Sea Transportation.
India's food inflation eased to a two-month low in early February on moderating prices of onions and other vegetables, amid expectations the government may announce fresh measures to boost productivity for key staples in the upcoming budget.
ASX Group Ltd (ASX.AX) eked out a small first-half profit growth, but focus was squarely on the completion of Singapore Exchange's (SGXL.SI) $7.9 billion bid for the Australian bourse operator, a move to help the bourses fight growing competition.
U.S. Stocks climbed on Wednesday, supported by some solid earnings reports and a number or M&A deal-making, as the Dow and S&P 500 reached 31-month highs.
U.S. Stocks climbed, supported by some solid earnings reports and a number or M&A deal-making, as the Dow and S&P 500 reached 31-month highs.
South Africa's rand jumped more than 1.5 percent against the dollar in late trade on Wednesday, helped by an aggressive sell-off in the U.S. currency and better-than-expected local data.
Consumer prices in Rwanda fell for the seventh straight month in January, largely on the cost of vegetables and fish, the National Institute of Statistics of Rwanda (NISR) said on Wednesday.
Cocoa prices at the farmgate in Ivory Coast are falling sharply and farmers are fast running out of money, with potentially damaging consequences for the cocoa mid-crop, farmers said on Wednesday.
Bernard Madoff, the man behind a brazen $65-billion Ponzi scheme, criticized bankers and big investors for “willful blindness” regarding his fraud and bashed the media for its treatment of his family.
While Wall Street is buzzing over the historic proposed merger between Germany’s Deutsche Boerse and the NYSE Euronext (NYSE: NYX), there is also speculation that CME Group Inc. (NYSE: CME) might also make a bid for the New York exchange.
The number of international air passengers from mainland China will rise by an average of 10.8 percent per year through to 2014, making it the world's fastest-growing market, industry association IATA forecast.
